First Trust Smith Unconstrained Bond ETF (UCON)

Key Metrics

TER 0.86% per year

Distribution policy Distributing

Fund size USD 3,290 M

Inception date June 4, 2018

Holdings 438

Fund currency USD

Fund domicile US

Provider First Trust

For full official fund details, factsheets, and holdings, visit ftportfolios.com (opens in new tab).

Historical Return

Last updated: Nov 01, 2026

1 Year -4.6% +4.8% Div

3 Years (avg.) +0.4% +4.8% Div

5 Years (avg.) -1.9% +4.8% Div

Risk & Analysis Metrics

Last updated: Nov 01, 2026

Volatility

3.47% 1 Year

3.49% 3 Years

4.11% 5 Years

5.83% 10 Years

Max Drawdown

-6.33% 1 Year

-6.44% 3 Years

-11.65% 5 Years

-15.31% 10 Years

Sharpe Ratio

-2.44 1 Year

-1.10 3 Years

-1.48 5 Years

-0.79 10 Years

Return Triangle (Heatmap)

Last updated: Nov 01, 2026

	2018	2019	2020	2021	2022	2023	2024	2025
2018	-0.7%	1.4%	2.0%	1.2%	-0.8%	-0.2%	-0.2%	0.1%
2019		3.7%	3.5%	1.9%	-0.8%	-0.2%	-0.2%	0.2%
2020			3.3%	1.0%	-2.3%	-1.1%	-0.9%	-0.4%
2021				-1.1%	-4.9%	-2.5%	-1.9%	-1.1%
2022					-8.6%	-3.2%	-2.2%	-1.1%
2023						2.6%	1.2%	1.5%
2024							-0.2%	1.0%
2025								2.1%

Distributions

*by ETF Portfolio Weight Last updated: Nov 01, 2026

Profit Margin Distribution

< 0%

1y 3y N/A N/A

0 - 5%

16%

1y 3y N/A N/A

5 - 10%

10%

1y 3y N/A N/A

10 - 15%

29%

1y 3y N/A N/A

15 - 20%

17%

1y 3y N/A N/A

20 - 30%

16%

1y 3y N/A N/A

30 - 40%

1y 3y N/A N/A

> 40%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

1y 3y N/A N/A

0 - 10

21%

1y 3y N/A N/A

10 - 15

30%

1y 3y N/A N/A

15 - 20

14%

1y 3y N/A N/A

20 - 25

1y 3y N/A N/A

25 - 35

1y 3y N/A N/A

35 - 50

1y 3y N/A N/A

> 50

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

0.0%

1y 3y N/A N/A

Small Cap

2.3%

1y 3y N/A N/A

Mid Cap

31.8%

1y 3y N/A N/A

Large Cap

40.3%

1y 3y N/A N/A

Mega Cap

25.7%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Nov 08, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$117B	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	2.37%	1.64%
Beta Indicates the relationship between the price performance of a share and the market.	1.08	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	21.03	22.61
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-8.77	-
Profitable Companies	91%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	64.72	9.45
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	2.75	3.37
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	2.41	6.33

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	17.87	14.02
Enterprise Value to Revenue Enterprise value divided by revenue	3.48	5.03
Total Debt to Enterprise Value Total debt divided by enterprise value	0.49	0.18
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	1.4	0.99
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	12.76%	16.03%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	-	+19.4%
Return on Equity Equity divided by market cap.	84.24%	24.21%
Return on Assets Indicates a company's profitability in relation to its total assets.	60.79%	7.82%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	89.03%	13.87%

Sectors

Finance and Insurance	11.7%
Manufacturing	7.5%
Information	3.7%
Financial Services	2.1%
Retail Trade	1.3%
Mining, Quarrying, and Oil and Gas Extraction	1.1%
Transportation and Warehousing	1.0%
Administrative and Support and Waste Management and Remediation Services	0.9%
Utilities	0.9%
Communication Services	0.6%
Finance	0.6%
Wholesale Trade	0.5%
Arts, Entertainment, and Recreation	0.5%
Real Estate and Rental and Leasing	0.3%
Construction	0.3%
Consumer Services	0.2%
Professional, Scientific, and Technical Services	0.2%
Other	66.6%

Countries

United States	92.0%
Canada	2.3%
Other	1.9%
Cayman Islands	0.6%
United Kingdom	0.6%
Switzerland	0.5%
Saudi Arabia	0.5%
Ireland	0.4%
Bermuda	0.4%
Mexico	0.3%
Australia	0.1%
Japan	0.1%
Netherlands	0.1%
France	0.1%
Denmark	0.1%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

Federal National Mortgage Association

FNMA - Finance and Insurance

Market Cap $5.06B

P/E Ratio 5.5

Dividends 0.0%

Total Investment $29.91M

Weight 0.91%

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FEDERAL NATIONAL MORTGAGE ASSOCIATION NON CUMULATIVE PREF SHS SERIES P

FNMAH - Finance and Insurance

Market Cap $5.06B

P/E Ratio 5.5

Dividends 0.0%

Total Investment $22.59M

Weight 0.69%

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Boeing Co.

BA - Manufacturing

Market Cap $132.35B

P/E Ratio 18.0

Dividends 0.0%

Total Investment $22.48M

Weight 0.68%

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Federal National Mortgage Association

FNMA - Finance and Insurance

Market Cap $5.06B

P/E Ratio 5.5

Dividends 0.0%

Total Investment $20.65M

Weight 0.63%

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Gildan Activewear Inc

GIL - Manufacturing

Market Cap $9.15B

P/E Ratio 30.4

Dividends 2.8%

Total Investment $19.83M

Weight 0.60%

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Bank Of America Corp.

BAC - Finance and Insurance

Market Cap $317.03B

P/E Ratio 12.0

Dividends 2.3%

Total Investment $19.44M

Weight 0.59%

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First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A

FCNCA - Finance and Insurance

Market Cap $357.76M

P/E Ratio 11.9

Dividends 0.4%

Total Investment $16.67M

Weight 0.51%

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Crowdstrike Holdings Inc - Ordinary Shares - Class A

CRWD - Manufacturing

Market Cap $65.33B

P/E Ratio 6437.8

Dividends 0.0%

Total Investment $16.21M

Weight 0.49%

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VF Corp.

VFC - Manufacturing

Market Cap $6.98B

P/E Ratio 22.0

Dividends 1.7%

Total Investment $16.16M

Weight 0.49%

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ViacomCBS Inc - Class B

VIAC - Communication Services

Market Cap $8.22B

P/E Ratio -28.9

Dividends 2.7%

Total Investment $16.04M

Weight 0.49%

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CVS Health Corp

CVS - Retail Trade

Market Cap $27.22B

P/E Ratio 10.3

Dividends 3.0%

Total Investment $15.97M

Weight 0.49%

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TransDigm Group Incorporated

0REK.L - Manufacturing

Market Cap $66.47B

P/E Ratio 34.3

Dividends 0.0%

Total Investment $15.48M

Weight 0.47%

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American Electric Power Company Inc.

AEP - Utilities

Market Cap $63.7B

P/E Ratio 20.9

Dividends 3.0%

Total Investment $15.41M

Weight 0.47%

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Boeing Co.

BA - Manufacturing

Market Cap $132.35B

P/E Ratio 18.0

Dividends 0.0%

Total Investment $15.35M

Weight 0.47%

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Synopsys, Inc.

SNPS - Information

Market Cap $78.28B

P/E Ratio 79.0

Dividends 0.0%

Total Investment $14.64M

Weight 0.45%

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Carnival Corp. - Ordinary Shares (Paired Stock)

CCL - Administrative and Support and Waste Management and Remediation Services

Market Cap $29.38B

P/E Ratio 12.7

Dividends 2.1%

Total Investment $14.3M

Weight 0.43%

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FEDERAL NATIONAL MORTGAGE ASSOCIATION NON CUMULATIVE PREF SHS SERIES P

FNMAH - Finance and Insurance

Market Cap $5.06B

P/E Ratio 5.5

Dividends 0.0%

Total Investment $13.7M

Weight 0.42%

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Nexstar Media Group Inc

NXST - Information

Market Cap $6.41B

P/E Ratio 18.3

Dividends 3.6%

Total Investment $12.96M

Weight 0.39%

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Morgan Stanley

MS - Financial Services

Market Cap $283.12B

P/E Ratio 15.0

Dividends 2.3%

Total Investment $12.9M

Weight 0.39%

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Federal National Mortgage Association

FNMA - Finance and Insurance

Market Cap $5.06B

P/E Ratio 5.5

Dividends 0.0%

Total Investment $12.86M

Weight 0.39%

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Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

Latest News

Gildan Activewear Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against Gildan Activewear Inc. - GIL

ROSEN, THE FIRST FILING FIRM, Encourages Gildan Activewear Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - GIL

DEADLINE ALERT for Webull Corporation (BULL), The Ensign Group, Inc. (ENSG), Netcapital Inc. (NCPL), and Gildan Activewear Inc. (GIL): The Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions

Average metrics of all companies in portfolio

Sectors

Countries

Stock Screener

Federal National Mortgage Association

Federal National Mortgage Association

FEDERAL NATIONAL MORTGAGE ASSOCIATION NON CUMULATIVE PREF SHS SERIES P

FEDERAL NATIONAL MORTGAGE ASSOCIATION NON CUMULATIVE PREF SHS SERIES P

Boeing Co.

Boeing Co.

Federal National Mortgage Association

Federal National Mortgage Association

Gildan Activewear Inc

Gildan Activewear Inc

Bank Of America Corp.

Bank Of America Corp.

First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A

First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A

Crowdstrike Holdings Inc - Ordinary Shares - Class A

Crowdstrike Holdings Inc - Ordinary Shares - Class A

VF Corp.

VF Corp.

ViacomCBS Inc - Class B

ViacomCBS Inc - Class B

CVS Health Corp

CVS Health Corp

TransDigm Group Incorporated

TransDigm Group Incorporated

American Electric Power Company Inc.

American Electric Power Company Inc.

Boeing Co.

Boeing Co.

Synopsys, Inc.

Synopsys, Inc.

Carnival Corp. - Ordinary Shares (Paired Stock)

Carnival Corp. - Ordinary Shares (Paired Stock)

FEDERAL NATIONAL MORTGAGE ASSOCIATION NON CUMULATIVE PREF SHS SERIES P

FEDERAL NATIONAL MORTGAGE ASSOCIATION NON CUMULATIVE PREF SHS SERIES P

Nexstar Media Group Inc

Nexstar Media Group Inc

Morgan Stanley

Morgan Stanley

Federal National Mortgage Association

Federal National Mortgage Association

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