UCON

First Trust Smith Unconstrained Bond ETF

First Trust · Bonds & Cash

$24.01▲ +0.2% last session▼ −1.3% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▲ +0.2%	▲ +1.1%	▼ −1.5%	▼ −1.4%	▼ −1.2%	▲ +17.0%	▲ +12.2%	▲ +31.1%
Peer average	▲ +0.1%	▲ +1.1%	▼ −0.5%	▲ +1.0%	▲ +0.6%	▲ +21.7%	▲ +6.9%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in UCON

What’s in this fund

UCONFirst Trust Smith Unconstrained Bond ETF

453 holdings

As of Oct 30, 2026

Everything else48.3%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 of 453 · as of Oct 30, 2026

1—U.S. Treasury Bond, 5.125%, due 08/15/20462.50%

2—U.S. Treasury Note, 4.25%, due 07/31/20282.05%

3—U.S. Treasury Note, 4.125%, due 08/31/20281.84%

4—U.S. Treasury Note, 4.75%, due 09/30/20281.74%

5—U.S. Treasury Note, 4.375%, due 08/31/20310.98%

6—Fannie Mae FN BM7755, 4%, due 06/01/20640.93%

7—ALBERTSONS COS/SAFEWAY 6.50%, due 02/15/20280.88%

8—Fannie Mae FN FA6190, 5%, due 06/01/20560.82%

9—Freddie Mac FR SL6333, 5%, due 07/01/20560.79%

10—U.S. Treasury Bond, 1.625%, due 11/15/20500.77%

11—THE BOEING CO 7.008%, due 05/01/20640.71%

12—Fannie Mae Series 2024-82, Class CF, Variable rate, due 11/25/20540.71%

13—AMNEAL PHARMACEUTICALS LLC 6.875%, due 08/01/20320.70%

14—Fannie Mae FN BQ7973, 2%, due 02/01/20510.65%

15—GILDAN ACTIVEWEAR INC 4.70%, due 10/07/20300.63%

16—HILCORP ENERGY I/HILCORP 7.25%, due 02/15/20350.63%

17—BANK OF AMERICA CORP Variable rate, due 09/21/20360.62%

18—PERMIAN RESOURCES OPERATING LLC 7%, due 01/15/20320.59%

19—MERIDIAN ARC HOLDCO LLC 6.25%, due 04/30/20310.58%

20—U.S. Treasury Inflation Indexed Note, 1.25%, due 04/15/20310.53%

Go deeper

Prospectus & documentsRead the official filings

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗

Fund factsStructure & strategy

Issuer: First Trust
Inception: 2018-06-04
Exchange: AMEX
CUSIP: 33740F888
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

The Fund aims to achieve the highest possible total return over an extended period. Typically, under ordinary market circumstances, it allocates a minimum of 80% of its net capital, including any funds acquired through borrowing for investment, to various fixed income securities.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $24.07
NAV provider updated: 2026-10-30 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 850.6K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 4.8%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-21

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-21	2026-10-30	$0.10
2026-09-24	2026-09-30	$0.10
2026-08-21	2026-08-31	$0.10
2026-07-21	2026-07-31	$0.10
2026-06-25	2026-06-30	$0.10
2026-05-21	2026-05-29	$0.10
2026-04-21	2026-04-30	$0.09
2026-03-26	2026-03-31	$0.09
2026-02-20	2026-02-27	$0.09
2026-01-21	2026-01-30	$0.09
2025-12-12	2025-12-31	$0.11
2025-11-21	2025-11-28	$0.11

Fees & costsWhat ownership costs

Net expense ratio: 0.86%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $86.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 2/5 · rule-based
Annualized volatility · 1Y: 3.38%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −3.7%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind UCON.

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