Fund Evaluator:
First Trust Smith Unconstrained Pl BdETF (UCON)
Follow This Fund
Fixed Income
Global Asset Class
Taxable Bond
Fund Group
Nontraditional Bond
Category
$25.800
NAV (as of Oct 07)
$0.00
Minimum Initial
0.86% D
Expense Ratio
$3,289 Mil
Assets
Open
Status
0.00%
12b-1 Fee
4.75%
TTM Yield
0.00%
Max Load
305%
Portfolio Turnover
Best Performing in Nontraditional Bond Over the Last Year
| 11.5% | Artisan Global Unconstrained Investor (APFPX) |
| 6.0% | Goldman Sachs Dynamic Bond Inv (GZIRX) |
| 5.7% | Spectrum Unconstrained Investor (SUNBX) |
| 5.0% | PGIM Absolute Return Bond Z (PADZX) |
| 4.9% | Spectrum Low Volatility Investor (SVARX) |
Data as of 8/31/2026
0.4% D
1-Mo Return
-0.3% D
3-Mo Return
0.6% D
YTD Return
2.6% D
1-Yr Return
5.4% D
3-Yr Return
2.7% D
5-Yr Return
0.63 B
Category Risk Index
0.28
Total Risk Index
Fund Details
Fund Family
First Trust
Inception Date
6/4/2018
Share Class Type
Equity Investment Style
na
Bond Investment Style
High Quality
Moderate Sensitivity
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg US Agg Bond TR USD: 100%
Additional Fund Details
First Trust Smith Unconstrained Pl BdETF Overview
UCON Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UCON Return (NAV) | 0.4% | -0.3% | 2.6% | 5.4% | 2.7% | na |
| UCON Grade | D | D | D | D | D | na |
| +/- Category | -0.1% | -0.7% | -1.3% | -0.4% | 0.1% | na |
| Nontraditional Bond Avg | 0.5% | 0.5% | 3.9% | 5.8% | 2.5% | 3.1% |
| UCON Tax Cost Ratio | na | na | 1.9% | 1.9% | 1.7% | na |
UCON Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UCON Return (NAV) | 0.6% | 7.0% | 4.9% | 7.6% | -5.9% | 1.0% | 6.9% | 6.7% | na | na | na |
| UCON Grade | D | B | F | C | C | D | A | C | na | na | na |
| +/- Category | -1.1% | 0.2% | -0.5% | 1.0% | 0.1% | -0.3% | 1.5% | 0.2% | na | na | na |
| Nontraditional Bond Avg | 1.8% | 6.8% | 5.4% | 6.5% | -6.0% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 3.5% |
| Total Risk Index: | 0.28 - Low |
| Category Risk Index: | 0.63 - Average |
| Category Risk Grade: | B (40% Rank) |
| Beta: | 0.60 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $3289 Mil |
| Fund Total Assets: | $3,290 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 305% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Bernum Eric (2025), Smith Gibson (2025) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 439 |
| % in Top 10 Holdings: | 18.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 3.6% |
| Domestic Bond: | 90.3% |
| Foreign Bond: | 5.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: |
| Status: | Open |
| Inception Date: | June 4, 2018 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | First Trust Smith Unconstrained Pl BdETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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