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FIXDFirst Trust Smith Opportunistic Fixed Income ETF

Get income#433 of 1640 for Get income

Seeks to maximize long-term total return.

First Trust · Since 2017 (9 years)

Annual Cost

0.65%

#3117 out of 5,332 ETFs

Fund Size

$3.4B

#483 out of 5,332 ETFs

Dividend Yield

4.64%

Track Record

9 years

#1553 out of 5,332 ETFs

Performance

1 Year

+4.4%

3 Years

+3.3%

5 Years

-0.3%

What's inside

Asset class
fixed income
Region
north america
Strategy
active selection

Asset allocation

Bonds
96.6%
Preferred
3.0%
Cash
0.3%
Convertible
0.1%

Risk profile

Volatility (1Y)

4.3%

Moderate

Max drawdown

-20.3%

Worst peak-to-trough loss

Sharpe (3Y)

-0.02

Below average

Sortino (3Y)

-0.02

Moderate downside risk

Bond profile

Duration

5.0 years

Avg maturity

9.8 years

Credit ratings

US Government
21.8%
AAA
42.6%
AA
2.7%
A
12.9%
BBB
27.3%
BB
12.6%
B
2.0%

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Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
95.8%
TE
1.3%
Beta
1.08
Fee
7× 0.10%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + high_r_squared+low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

Data updated on 2026-05-05