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ESBG

GradeFNew York Stock Exchange Arca

First Trust Enhanced Stocks, Bonds & Gold ETF

Multi-Asset & Alternatives · First Trust · Inception 2025-11-18 · SEC filings

$21.18−0.48 (−2.21%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Nov 19, 2025.History starts Nov 19, 2025.
Intraday session: down, 7 prints from 21.66 to 21.18. Range 21.18 to 21.66. Use the arrow keys to read each point.$21.40$21.6010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$2M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$21.57
52W range
low $19.86high $27.03

The ETF.net ESBG Grade

F

15/ 100

Rank 38 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for ESBG. Scores out of 100: Cost 12, Risk 11, Mission 28, Tradability 7, Holdings 10, Durability 30. Strongest: Durability (30). Weakest: Tradability (7). Leans toward Durability and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 15 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned16This cap took−0Published score15 Grade F

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 12
    Category rank34/38 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 28
    Category rank28/30 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 11
    Category rank35/36 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 7
    Category rank36/38 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 10
    Category rank34/34 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 30
    Category rank32/38 · bottom quartile

Graded as of Sep 22, 2026

Our read on ESBG

ETF.net Research

FStocks, bonds and gold in one actively managed wrapper. ESBG holds U.S. Treasuries and cash as collateral, then layers on futures for S&P 500, intermediate Treasury and gold exposure. The classic diversified trio, stacked rather than sliced.

Stated mandate

The Fund seeks long-term total return through active management of U.S. Treasuries, cash and cash equivalents, and futures providing exposure to the S&P 500 Index, intermediate U.S. Treasuries, and gold.

Why people hold it

  1. 01One ticket to the three-legged portfolio: futures deliver S&P 500, intermediate Treasury and gold exposure together, with Treasuries and cash sitting underneath as the collateral.ftportfolios.com
  2. 02Actively managed rather than locked to a fixed split, so the manager can move among the stock, bond and gold sleeves and the Treasury and cash base.ftportfolios.com
  3. 03Gold is a full sleeve, not a garnish. The strongest capital-efficient peers stack equities with one other asset (bonds in NTSX, gold in GDE); this one runs all three.
  4. 04Backed by First Trust, a long-established ETF issuer, and it distributes quarterly.

Worth knowing

  1. 01At 0.95%, it charges more than the typical allocation fund and far more than capital-efficient peers NTSX and GDE at 0.20%. Active discretion is the thing you're paying up for.
  2. 02Launched in late 2025 as a small fund, so there's little history behind the manager's allocation calls and trading is lighter than the long-running names in the category.
  3. 03The three sleeves are futures positions on a Treasury and cash base, so results depend on the collateral as well as the markets, and stocks, bonds and gold can fall together.ftportfolios.com

ESBG Holdings

As of Sep 21, 2026, 5:31 PM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
US Dollar29.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollar29.66%1,647,634$2M394
002—MICRO GOLD Dec2627.08%34$2M2
003—SP500 MIC EMIN FUTDec2626.38%38$1M4
004—US 5YR NOTE (CBT) Dec2616.88%9$938K22

Showing 1–4 of 4 holdings

ESBG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ESBG$10,307
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. ESBG $10,307. SPY $11,430. Use the arrow keys to read each point.$9,095$10,533$11,972Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ESBG. Periods over one year show the average yearly return.
PeriodESBG
Year to date+3.1%
1 month−4.2%
3 months+3.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ESBG
YearReturn barESBG
2026 YTD+3.1%
2025+5.7%

History from Nov 19, 2025

ESBG in the news

ETF.net Research hasn’t filed on ESBG yet — coverage lands here as it’s written.

ESBG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Dec 16, 2025 $0.05; Mar 26, 2026 $0.08; Jun 25, 2026 $0.10. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.10
Mar 26, 2026Mar 31, 2026$0.08
Dec 16, 2025Dec 31, 2025$0.05

ESBG Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ESBG Cost

Expense ratio0.95%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

30 of the 37 Multi-Asset Allocation funds charge less.

ESBG costs $95.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.