First Trust Limited Duration Investment Grade Corporate ETF (FSIG)
First Trust Limited Duration Investment Grade Corporate ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $18.84, up 0.11% on the session, giving a market capitalisation of $1.57B. Its beta of 0.45 implies it has historically moved less than the broad market.
FSIG offers exposure to short-term US investment-grade corporate debts. The actively managed fund includes notes, bonds, commercial papers, as well as senior loans issued by US companies of any market-cap. The funds strategy involves a combination of bottom-up and top-down analysis which evaluates each companys credit fundamentalsfrom cash flow consistency and valuation up to management quality, while at the same time looks into industry trends and macroeconomic perspective considering factors such as yield curve management, diversification, and relative value. The fund attempts to maintain a weighted average duration of within one year deviation from its benchmarkBloomberg US Corporate 1-5 Year Index. Additionally, the fund may invest up to 20% of its assets in high-yield corporate debts and floating-rate bonds.
First Trust Limited Duration Investment Grade Corporate ETF is most often compared with the following Financial Services names: