First TrustNontraditional BondUCON · NYSE Arca

First Trust Smith Unconstrained Bond ETF (UCON)

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Price: $24.04; —30 Oct 2026
Assets: $3.2B; Total net assets
Expense ratio: 0.86%; Category 1.43%
Yield: 4.89%; Trailing distributions

1Y return: -0.2%-0.9%; Category 0.8%
3Y CAGR: 5.5%-1.1%; Category 6.6%
5Y CAGR: 2.4%-1.3%; Category 3.7%

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First Trust Smith Unconstrained Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+1.7%	-1.0%	-1.2%	-0.8%	-0.2%	+5.5%	+2.4%	—	+3.4%
Nontraditional Bond average	0.6%	-0.4%	-0.7%	0.2%	0.8%	6.6%	3.7%	4.6%	1.1%
Difference	+1.0%	-0.6%	-0.6%	-1.0%	-0.9%	-1.1%	-1.3%	—	+2.2%

Holdings

Allocation as last published by the fund.

Sector allocation

Share of the equity the fund holds.

Utilities100.0%

Asset mix

Bonds94.8%
Preferred shares3.6%
Cash1.6%

Credit quality

Share of the bonds by rating.

US government18.1%
AAA34.5%
AA1.3%
A6.2%
BBB25.9%
BB24.2%
B7.5%
Below B0.4%

ETF details

Issuer: First Trust
Category: Fixed Income · Nontraditional Bond
Ticker: UCON
Exchange: NYSE Arca
Inception: 4 Jun 2018 (8.4 years)
Structure: Exchange Traded Fund
Expense ratio: 0.86% (category 1.43%)
Holdings turnover: 305% (category 251%)
Distribution yield: 4.89%
Beta, 3 years: 0.64
Total net assets: $3.2B
Average duration: 5.32 years
Average maturity: 9.47 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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