First Trust Smith Unconstrained Bond ETFUCON

First TrustBonds & CashOther Bonds#660 of 786 by YTD

$24.09

−0.2% last session

−0.6% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 28, 2021 – Nov 5, 2026UCONS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.2%	+1.5%	−1.3%	−0.6%	+0.1%	+17.5%	+13.0%	+31.8%
Peer average	−0.1%	+1.1%	−0.8%	+1.5%	+1.9%	+22.4%	+6.6%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $3.1B
Expense ratio: 0.86%
Distribution yield: 4.8%
NAV: $24.07
Volume: 588K
Avg. volume 30D: 859K
High today: $24.17
Low today: $24.07
Previous close: $24.13
52-week high: $25.63
52-week low: $23.56
Our risk indicator: 2/5

UCON in One Breath

UCON Among Other Bonds ETFs

YTD

#1CMDTPIMCO+23.1%$823M

#2RSBYReturn Stacked+17.7%$46.4M

#3DDXXDiscipline Funds+12.7%$20.8M

#4ILSBrookmont+8.1%$126M

#5CBONVanEck+7.1%$33.8M

#6ACVTAdvent+5.4%$42.8M

#7DDXDiscipline Funds+4.8%$77.4M

#8RSBTReturn Stacked+4.5%$160M

#69UCONFirst Trust−0.6%$3.1B

End-of-day Nov 5, 2026 · 81 Other bonds ETFs by YTD

$10,000 in UCON

$10,000 in UCON became

$11,299

In the S&P 500 (VOO)

$17,156

Total return, dividends in · Oct 28, 2021 – Nov 5, 2026 · S&P 500 uses VOO

UCON’s Top Holdings

Today

U.S. Treasury U.S. Treasury Bond, 5.125%, due 08/15/20462.5%U.S. Treasur1.8%U.S. Treasur1.7%U.S. Treasur1.5%U.S. Treasur1.0%Fannie Mae F0.9%ALBERTSONS C0.9%Fannie Mae F0.8%Freddie Mac 0.8%U.S. Treasur0.8%THE BOEING C0.7%Fannie Mae S0.7%AMNEAL PHARM0.7%Fannie Mae F0.7%GILDAN ACTIV0.6%BANK OF AMER0.6%HILCORP ENER0.6%PERMIAN RESO0.6%MERIDIAN ARC0.6%FIRST CITIZE0.5%U.S. Treasur0.5%Fannie Mae F0.5%

First Trust UCON · 451 holdings · top 22 shown · tile size = share of the fund · as of Nov 5, 2026

What UCON Holds

Today

All holdings100.0%

U.S. Treas 2.5 · U.S. Treas 1.8 · U.S. Treas 1.7 · U.S. Treas 1.5 · U.S. Treas · Fannie Mae · ALBERTSONS

First Trust UCON · share of the fund · as of Nov 5, 2026

U.S.’s Share of UCON

Today

2.5%

$25 of every $1,000 in UCON is U.S.

U.S. held by UCON

$78.1M

First Trust UCON · each square = $10 of $1,000 · as of Nov 5, 2026

UCON’s Share of Other Bonds ETFs

Today

2.9%

of the $109B in 92 Other bonds ETFs

UCON$3.1B2.9%

PYLD$16.7B15.3%

FLOT$11.6B10.7%

89 others$77.2B71.1%

Other bonds ETF AUM · Nov 5, 2026

UCON Fee per $100 vs Peers

Today

$0.86a year
per $100

$86 a year on $10,000

FLOT$0.15

ICVT$0.20

JBND$0.25

BOND$0.53

PYLD$0.66

UCON$0.86

Expense ratio · Other bonds peers · Nov 5, 2026

Inside UCON

451 holdings · as of Nov 5, 2026

UCON

First Trust Smith Unconstrained Bond ETF

Today

All holdings100.0%437 more holdings84.5% of the fund

All holdings100.0%445 more holdings90.5% of the fund

#	Ticker	Company	Weight ▼
1	—	U.S. Treasury Bond, 5.125%, due 08/15/2046	2.51%
2	—	U.S. Treasury Note, 4.125%, due 08/31/2028	1.83%
3	—	U.S. Treasury Note, 4.75%, due 09/30/2028	1.73%
4	—	U.S. Treasury Note, 4.25%, due 07/31/2028	1.48%
5	—	U.S. Treasury Note, 4.375%, due 08/31/2031	0.98%
6	—	Fannie Mae FN BM7755, 4%, due 06/01/2064	0.93%
7	—	ALBERTSONS COS/SAFEWAY 6.50%, due 02/15/2028	0.88%
8	—	Fannie Mae FN FA6190, 5%, due 06/01/2056	0.82%
9	—	Freddie Mac FR SL6333, 5%, due 07/01/2056	0.80%
10	—	U.S. Treasury Bond, 1.625%, due 11/15/2050	0.78%

First Trust UCON · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 19.1%

How It Compares

UCON

First Trust Smith Unconstrained Bond ETF’s Peers

YTD


PYLD	PIMCORead Desk	0.66%	+1.0%	+2.2%	$16.7B
FLOT	iSharesRead Desk	0.15%	+3.5%	+4.3%	$11.6B
JBND	J.P. MorganRead Desk	0.25%	−0.1%	+0.5%	$9.5B
BOND	PIMCORead Desk	0.53%	+0.2%	+0.6%	$9.1B
ICVT	iSharesRead Desk	0.20%	+3.2%	+0.6%	$7.1B
UCON	First TrustThis fundRead Desk	0.86%	−0.6%	+0.1%	$3.1B

Other bonds peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put UCON head to head with PYLD →

PYLD vs UCON

YTD

PYLDPIMCO · Other bondsUCONFirst Trust · Other bonds

Year to date

+1.0%

−0.6%

PYLD wins+1.6 pts

Past year

+2.2%

+0.1%

PYLD wins+2.1 pts

Fee

0.66%

0.86%

PYLD winslower fee

Yield

6.5%

4.8%

PYLD wins+1.7 pts

AUM

$16.7B

$3.1B

PYLD5.3× more

4–0PYLD wins

PIMCO PYLD and First Trust UCON · year-to-date · as of Nov 6, 2026 · AUM not scored

UCON vs VOO

YTD

UCON · First Trust Smith Unconstrained Bond

−0.6%

VOO · S&P 500

+8.4%

Gap

9.0 pts

First Trust UCON and Vanguard VOO · YTD total return · as of Nov 6, 2026

UCON vs Its Peer Average

YTD

UCONAvsBPeer average

1D−0.2%−0.1%

1M+1.5%+1.1%

3M−1.3%−0.8%

YTD−0.6%+1.5%

1Y+0.1%+1.9%

3Y+17.5%+22.4%

5Y+13.0%+6.6%

2–5Peer average wins

91 Other bonds peers · each row scaled to its leader

The Details

UCON

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.32%

Deepest drop · 1Y−3.6%

Lowest point · 5Y−8.2%

52-week range

$24.09

$23.56−6.0% from the high$25.63

First Trust UCON · past-year price moves · as of Nov 6, 2026

UCON

Fund Facts

Today

2018launched Jun 4

Tracks[…]

Exchange · CUSIPAMEX · 33740F888

StructureETF

Leverage1x

Cost on $10,000$86 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust UCON · fund facts · as of Nov 6, 2026

UCON

Payouts by Year

$0.0950per share, Oct 2026

Distribution yield4.8%

PaidEvery month

Latest ex-date · paidOct 21 · Oct 30, 2026

12 payouts added up$1.15 a share

First Trust UCON · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

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 ↗

Trading & Liquidity

Net asset value$24.07

Premium / discount[…]

Median spread · 30D[…]

Volume today588K

Average volume · 30D859K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.86%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$86.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 21, 2026	Oct 30, 2026	$0.0950
Sep 24, 2026	Sep 30, 2026	$0.0950
Aug 21, 2026	Aug 31, 2026	$0.0950
Jul 21, 2026	Jul 31, 2026	$0.0950
Jun 25, 2026	Jun 30, 2026	$0.0950
May 21, 2026	May 29, 2026	$0.0950
Apr 21, 2026	Apr 30, 2026	$0.0900
Mar 26, 2026	Mar 31, 2026	$0.0900
Feb 20, 2026	Feb 27, 2026	$0.0900
Jan 21, 2026	Jan 30, 2026	$0.0900
Dec 12, 2025	Dec 31, 2025	$0.11
Nov 21, 2025	Nov 28, 2025	$0.11

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