First Trust Smith Unconstrained Bond ETF UCON
Last price
23.88
USD
Change: Unchanged 0.00
Percent change: Unchanged 0.00%
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.86%
- Net assets
- $3.3B
- Holdings
- 505
- 12-month distribution yield
- 4.88%
- Asset class
- Fixed income
First Trust Smith Unconstrained Bond ETF (UCON) is an exchange-traded fund listed on NYSE Arca in the United States, issued by First Trust. Its category is Fixed income · US (fixed income). Its last price was US$23.88 on 20 Oct 2026. Its expense ratio is 0.86% a year, from its prospectus dated 2 Jan 2026. It reported net assets of US$3.28 billion as of 31 May 2026. Its latest holdings report lists 505 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$1.17 a unit, a 12-month distribution yield of 4.88%, paid monthly.
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Fees
- Total annual operating expenses (gross)
- 0.86%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.85%
- Prospectus date
- 2 Jan 2026
- Filed with the SEC
- 29 Dec 2025
Size and reporting
- Net assets
- $3,277,164,505
- Total assets
- $3,302,436,732
- Holdings as of
- 31 May 2026
- Report made public
- 22 Jul 2026 (52 days after the month end)
Top holdings
Largest 25 of 505 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 3.375 02/29/28 | US91282CQB09 | 2.33% | $76.3M | Debt | United States | USD |
| 2 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 4.625 11/15/45 | US912810UQ93 | 2.13% | $69.8M | Debt | United States | USD |
| 3 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 4.75 02/15/56 | US912810UR76 | 2.12% | $69.3M | Debt | United States | USD |
| 4 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 4.375 05/15/36 | US91282CQQ77 | 1.69% | $55.4M | Debt | United States | USD |
| 5 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 3.875 04/30/31 | US91282CQK08 | 1.18% | $38.7M | Debt | United States | USD |
| 6 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 4.625 11/15/55 | US912810UP11 | 1.04% | $34.0M | Debt | United States | USD |
| 7 | Federal National Mortgage Association FN BM7755 | US3140JCTM60 | 0.96% | $31.4M | Mortgage-backed securities | United States | USD |
| 8 | BOEING COMPANY (THE) BA 7.008 05/01/64 | US097023DU67 | 0.81% | $26.4M | Debt | United States | USD |
| 9 | FEDERAL NATIONAL MORTGAGE ASSOCIATION FNR 2024-82 CF | US3136BTFB49 | 0.73% | $24.0M | Other asset-backed securities | United States | USD |
| 10 | ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC ACI 6.5 02/15/28 144A | US01309QAA67 | 0.71% | $23.3M | Debt | United States | USD |
| 11 | JANE STREET GROUP LLC / JSG FINANCE INC JANEST 7.125 04/30/31 144A | US47077WAC29 | 0.67% | $22.0M | Debt | United States | USD |
| 12 | Federal National Mortgage Association FN BQ7973 | US3140KT2F15 | 0.65% | $21.5M | Mortgage-backed securities | United States | USD |
| 13 | DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT | US2620062081 | 0.65% | $21.3M | Short-term investment vehicles (cash funds) | United States | USD |
| 14 | AMNEAL PHARMACEUTICALS LLC AMNPHA 6.875 08/01/32 144A | US03168LAA35 | 0.62% | $20.4M | Debt | United States | USD |
| 15 | GILDAN ACTIVEWEAR INC GILCN 4.7 10/07/30 144A | US375916AF02 | 0.61% | $20.1M | Debt | Canada | USD |
| 16 | HILCORP ENERGY I LP / HILCORP FINANCE CO HILCRP 7.25 02/15/35 144A | US431318BG88 | 0.60% | $19.6M | Debt | United States | USD |
| 17 | PERMIAN RESOURCES OPERATING LLC PR 7 01/15/32 144A | US71424VAA89 | 0.57% | $18.6M | Debt | United States | USD |
| 18 | CITADEL SECURITIES GLOBAL HOLDINGS LLC CITSEC 5.5 06/18/30 | US17289RAA41 | 0.55% | $18.1M | Debt | United States | USD |
| 19 | FEDERAL HOME LOAN MORTGAGE CORP FR SD0778 | US3132DM2K07 | 0.54% | $17.6M | Mortgage-backed securities | United States | USD |
| 20 | Fnma Pass-Thru I FN FA4541 | US3140W5BK91 | 0.53% | $17.3M | Mortgage-backed securities | United States | USD |
| 21 | FIRST CITIZENS BANCSHARES INC FCNCA V6.254 03/12/40 | US31959XAF06 | 0.52% | $17.0M | Debt | United States | USD |
| 22 | UBS GROUP AG UBS V7.125 PERP 144a | US225401BJ63 | 0.50% | $16.5M | Debt | Switzerland | USD |
| 23 | Raising Cane's Restaurants Raising Cane's Restaurants Term Loan B (Incremental) 200 2032-10-18 | US75101XAQ07 | 0.49% | $16.2M | Loans | United States | USD |
| 24 | KENNEDY-WILSON INC KW 5 03/01/31 | US489399AM73 | 0.49% | $16.1M | Debt | United States | USD |
| 25 | CVS HEALTH CORP CVS V7 03/10/55 | US126650EH94 | 0.49% | $16.1M | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 82.20% | |
| Mortgage-backed securities | 9.11% | |
| Other asset-backed securities | 4.59% | |
| Loans | 2.17% | |
| Short-term investment vehicles (cash funds) | 0.65% | |
| Equity (preferred) | 0.58% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 91.99% | |
| Canada | 2.40% | |
| Bermuda | 1.22% | |
| Switzerland | 0.90% | |
| Cayman Islands | 0.71% | |
| Saudi Arabia | 0.49% | |
| Denmark | 0.48% | |
| Ireland | 0.48% | |
| United Kingdom | 0.41% | |
| Japan | 0.13% | |
| France | 0.06% | |
| Luxembourg | 0.02% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 99.28% |
Sector
No sector data
None of this fund's holdings matched a stock listed on this site, so no sector is shown.
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.1650
- 12-month yield
- 4.88%
- Frequency
- Monthly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.1650) ÷ latest price ($23.88) × 100 = 4.88%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (59 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.0950 |
| 21 Aug 2026 | $0.0950 |
| 21 Jul 2026 | $0.0950 |
| 25 Jun 2026 | $0.0950 |
| 21 May 2026 | $0.0950 |
| 21 Apr 2026 | $0.0900 |
| 26 Mar 2026 | $0.0900 |
| 20 Feb 2026 | $0.0900 |
| 21 Jan 2026 | $0.0900 |
| 12 Dec 2025 | $0.1100 |
| 21 Nov 2025 | $0.1100 |
| 21 Oct 2025 | $0.1100 |
| 25 Sep 2025 | $0.0950 |
| 21 Aug 2025 | $0.0950 |
| 22 Jul 2025 | $0.0950 |
| 26 Jun 2025 | $0.0900 |
| 21 May 2025 | $0.0900 |
| 22 Apr 2025 | $0.0900 |
| 27 Mar 2025 | $0.0900 |
| 21 Feb 2025 | $0.0950 |
| 22 Jan 2025 | $0.0950 |
| 13 Dec 2024 | $0.0950 |
| 21 Nov 2024 | $0.0950 |
| 22 Oct 2024 | $0.1050 |
| 26 Sep 2024 | $0.1050 |
| 21 Aug 2024 | $0.1050 |
| 23 Jul 2024 | $0.1050 |
| 27 Jun 2024 | $0.1000 |
| 21 May 2024 | $0.1000 |
| 23 Apr 2024 | $0.1000 |
| 21 Mar 2024 | $0.1000 |
| 21 Feb 2024 | $0.1000 |
| 23 Jan 2024 | $0.1100 |
| 22 Dec 2023 | $0.1100 |
| 21 Nov 2023 | $0.1100 |
| 24 Oct 2023 | $0.1100 |
| 22 Sep 2023 | $0.1100 |
| 22 Aug 2023 | $0.1100 |
| 21 Jul 2023 | $0.0950 |
| 27 Jun 2023 | $0.0850 |
| 23 May 2023 | $0.0850 |
| 21 Apr 2023 | $0.0850 |
| 24 Mar 2023 | $0.0850 |
| 22 Feb 2023 | $0.0900 |
| 24 Jan 2023 | $0.1000 |
| 23 Dec 2022 | $0.1150 |
| 22 Nov 2022 | $0.1150 |
| 21 Oct 2022 | $0.0850 |
| 23 Sep 2022 | $0.0850 |
| 23 Aug 2022 | $0.0850 |
| 21 Jul 2022 | $0.0500 |
| 24 Jun 2022 | $0.0400 |
| 24 May 2022 | $0.0380 |
| 21 Apr 2022 | $0.0350 |
| 25 Mar 2022 | $0.0350 |
| 18 Feb 2022 | $0.0350 |
| 21 Jan 2022 | $0.0350 |
| 23 Dec 2021 | $0.0420 |
| 23 Nov 2021 | $0.0400 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000061961) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- UCON and BND Vanguard Total Bond Market ETF
- UCON and AGG iShares Core U.S. Aggregate Bond ETF
- UCON and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- UCON and BSV Vanguard Short-Term Bond ETF