Summary
First Trust Smith Unconstrained Bond ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 454. The ten largest make up 14% of the fund.
- Yearly costs
- 0.86%
- Fund size
- $3.13B
- Positions
- 454
- Dividend yield
- 4.88%
- Running since
- 2018
What speaks for it
- Widely spread: the ten largest positions make up only 14% of the fund.
- A large fund with $3.13B under management.
- Easy to buy and sell: about $14.9M changes hands a day.
What to watch
- 92% of the fund is in one country (United States).
- Costs of 0.86% a year are above the middle of comparable funds (0.20%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.8%
- 3 months
- -3.4%
- This year
- -5.1%
- 1 year
- -5.9%
- 3 years
- +1.6%
- 5 years
- -10%
What is inside?
Widely spread- 1 U.S. Treasury Note, 4.25%, due 07/31/2028 2.5%
- 2 U.S. Treasury Bond, 5.125%, due 08/15/2046 2.5%
- 3 U.S. Treasury Note, 4.125%, due 08/31/2028 1.8%
- 4 U.S. Treasury Note, 4.75%, due 09/30/2028 1.6%
- 5 U.S. Treasury Note, 4.375%, due 05/15/2036 1.1%
- 6 U.S. Treasury Note, 4.375%, due 08/31/2031 1.0%
- 7 Fannie Mae FN BM7755, 4%, due 06/01/2064 0.9%
- 8 ALBERTSONS COS/SAFEWAY 6.50%, due 02/15/2028 0.9%
- 9 Fannie Mae FN FA6190, 5%, due 06/01/2056 0.8%
- 10 U.S. Treasury Note, 4.375%, due 07/31/2031 0.8%
Positions in the fund: 454. The ten largest make up 14% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Utilities 0.2%
- Financials 0.1%
- Other 100%
By country
- United States 92%
- Canada 2.3%
- Cayman Islands 0.6%
- United Kingdom 0.6%
- Other countries 4.6%
Largest sector: Utilities (0.2%). Largest country: United States (92%).
What does it cost me?
Expensive- A year from $10,000
- $86.00
- Over 20 years
- $4,024
From every $10,000 invested the fund takes $86.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $4,024.
How has it done?
Losing value- A year on average, 5 years
- -2.1%
- Deepest drop
- -13%
- Yearly volatility
- 3.6%
Average yearly decline over the last five years: 2.1%. Deepest drop in these years: 13% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 4.88%
- Payments a year
- 12
- Last payment
- $0.10
Over the last 12 months it paid $1.17 per share, which is 4.88% of today's price. The last payment was $0.10 on Sep 24, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $14.9M
- Shares a day
- 623K
On an average day about $14.9M of the fund changes hands.