MGOV

First Trust Intermediate Government Opportunities ETF

$20.54

+0.00%

Market closed. Last update: 12:31 PM ET

📎 Investment Objective

The First Trust Intermediate Government Opportunities ETF (MGOV) seeks to provide current income by investing primarily in a portfolio of intermediate-term U.S. government securities.

Overview

ETF tracking First Trust Intermediate Government Opportunities ETF

Category Communication

Issuer First Trust

Inception Date 2023-08-03

Market Cap $79.1M

Average Volume N/A

Dividend Yield 4.10%

52-Week Range $19.57 - $20.76

VWAP $20.54

Performance

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Investment Summary

📎 Investment Objective

The First Trust Intermediate Government Opportunities ETF (MGOV) seeks to provide current income by investing primarily in a portfolio of intermediate-term U.S. government securities.

🎯 Investment Strategy

MGOV invests at least 80% of its net assets in a portfolio of intermediate-term U.S. government securities, including Treasuries, agency securities, and other government-related bonds. The fund aims to maintain an average portfolio duration of 3 to 6 years.

✨ Key Features

Focuses on intermediate-term U.S. government debt for stability and income generation
Actively managed to maintain an optimal duration profile for the current interest rate environment
Low expense ratio of 0.00% makes it a cost-effective option for government bond exposure
Relatively small asset base of $0 as of the latest reporting period

⚠️ Primary Risks

Interest rate risk: The fund's value may decline as interest rates rise, reducing the value of its bond holdings
Credit risk: While focused on government securities, there is still some risk of default or downgrade by the issuing entities
Liquidity risk: The fund may have difficulty selling its holdings, especially in times of market stress
Concentration risk: By focusing solely on government bonds, the fund lacks the diversification of a broader fixed income fund

👤 Best For

MGOV may be suitable for conservative, income-oriented investors seeking stable, low-risk exposure to U.S. government bonds as part of a diversified portfolio. However, given the small asset base and limited performance history, investors should carefully consider the fund's viability and liquidity before investing.