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FIXD

GradeCNASDAQ Global Market

First Trust Smith Opportunistic Fixed Income ETF

Core US Bond · First Trust · Inception 2017-02-14 · SEC filings

$41.95−0.42 (−1.00%)

As of Sep 23, 2026, 3:04 PM EDT

Intraday session: down, 68 prints from 42.38 to 41.95. Range 41.91 to 42.30. Use the arrow keys to read each point.$41.90$42.10$42.20$42.3010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$3.1B
1Y return
−0.3%
Yield · Last 12 months
4.85%
Holdings
407
Volume · 30D
0.4M sh
NAV per share
$42.46
52W range
low $41.95high $45.16

The ETF.net FIXD Grade

C

50/ 100

Rank 81 of 118 in US Aggregate Bond⁠

Confidence High

Six-pillar profile for FIXD. Scores out of 100: Cost 8, Risk 31, Mission 100, Tradability 65, Holdings 49, Durability 75. Strongest: Mission (100). Weakest: Cost (8). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 8
    Category rank108/118 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank22/100 · top 22%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 31
    Category rank107/117 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank26/118 · top 22%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank75/117 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 75
    Category rank25/118 · top 21%

Graded as of Sep 22, 2026

Our read on FIXD

ETF.net Research

CMost of the aggregate-bond aisle is index tracking on autopilot. FIXD goes the other way: an active manager roaming roughly 900 bonds under a mandate to maximize long-term total return, with distributions paid monthly.

Stated mandate

The Fund seeks to maximize long-term total return. Under normal market conditions, it invests at least 80% of its net assets in fixed income securities.

Why people hold it

  1. 01Genuinely active: at least 80% of net assets sit in fixed income, but the manager roams sectors by conviction rather than replicating an index.ftportfolios.com
  2. 02Roughly 900 bond positions under the hood, so no single issuer carries the portfolio.
  3. 03Distributions land monthly, the cadence many core bond holders build income around.
  4. 04Live since its 2017 launch and now a multi-billion-dollar fund that has stayed inside its stated fixed income mandate.

Worth knowing

  1. 01The 0.65% fee is the trade-off. Index core bond funds like BND and SPAB charge 0.03%, so the manager's calls have to cover that gap.
  2. 02No index anchors it. Outcomes follow a manager's positioning, so it can diverge from the broad bond market in either direction.
  3. 03Trading is moderate rather than heavy next to the category's index giants, so spreads can matter more on larger orders.

FIXD Holdings

As of Sep 21, 2026, 5:02 PM
Asset class
Bonds
Holdings
407
Top-10 weight
28%
Largest holding
U.S. Treasury Note, 4.375%, due 05/15/20365.2%

Sectors

  • Utilities73.1%
  • Financials26.9%

Geography

  • United States94.57%
  • Canada1.96%
  • Switzerland0.81%
  • Cayman Islands0.76%
  • United Kingdom0.49%
  • Saudi Arabia0.47%
  • Denmark0.46%
  • Ireland0.35%
  • Other countries (1)0.14%
The fund’s holdings, weight-ordered — page 1 of 28.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—U.S. Treasury Note, 4.375%, due 05/15/20365.18%163,643,000$156M20
002—U.S. Treasury Bond, 5.125%, due 08/15/20464.87%151,118,000$146M20
003—U.S. Treasury Note, 4.625%, due 08/15/20364.07%126,071,000$122M29
004—U.S. Treasury Bond, 5.125%, due 08/15/20563.99%123,880,000$120M21
005—U.S. Treasury Bond, 5%, due 05/15/20562.84%89,901,000$85M31
006—U.S. Treasury Note, 4.125%, due 10/31/20292.28%70,069,000$69M17
007—U.S. Treasury Bond, 5%, due 05/15/20461.71%53,928,000$51M19
008—U.S. Treasury Note, 4.125%, due 08/31/20281.21%36,905,000$36M22
009—THE BOEING CO 7.008%, due 05/01/20640.93%26,035,000$28M8
010—GILDAN ACTIVEWEAR INC 5.40%, due 10/07/20350.86%27,350,000$26M8
011—U.S. Treasury Note, 4.375%, due 08/31/20310.82%25,368,000$25M29
012—U.S. Treasury Bond, 1.625%, due 11/15/20500.78%47,765,000$23M16
013—U.S. Treasury Note, 4.375%, due 07/31/20310.77%23,555,000$23M18
014—FIRST CITIZENS BANCSHARES Variable rate, due 03/12/20400.73%23,040,000$22M8
015—Fannie Mae FN FA4541, 5%, due 02/01/20560.71%22,392,606$21M2

Showing 1–15 of 407 holdings

FIXD Performance

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

FIXD$9,970
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FIXD $9,970. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 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 FIXD. Periods over one year show the average yearly return.
PeriodFIXD
Year to date−1.4%
1 month−0.9%
3 months−1.7%
1 year−0.3%
3 years+4.3%per year
5 years−1.0%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 FIXD
YearReturn barFIXD
2026 YTD−1.4%
2025+7.9%
2024+0.5%
2023+5.7%
2022−14.9%
2021−1.3%
2020+8.9%

FIXD in the news

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

FIXD 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.
4.85%Last 12 months
Payout per share
$2.06Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 44 payments from 2023 to 2026 YTD. Jan 24, 2023 $0.15; Feb 22, 2023 $0.14; Mar 24, 2023 $0.13; Apr 21, 2023 $0.13; May 23, 2023 $0.13; Jun 27, 2023 $0.13; Jul 21, 2023 $0.14; Aug 22, 2023 $0.17; Sep 22, 2023 $0.17; Oct 24, 2023 $0.17; Nov 21, 2023 $0.17; Dec 22, 2023 $0.17; Jan 23, 2024 $0.17; Feb 21, 2024 $0.16; Mar 21, 2024 $0.16; Apr 23, 2024 $0.16; May 21, 2024 $0.16; Jun 27, 2024 $0.16; Jul 23, 2024 $0.16; Aug 21, 2024 $0.16; Sep 26, 2024 $0.16; Oct 22, 2024 $0.16; Nov 21, 2024 $0.15; Dec 13, 2024 $0.15; Jan 22, 2025 $0.16; Feb 21, 2025 $0.16; Mar 27, 2025 $0.16; Apr 22, 2025 $0.16; May 21, 2025 $0.16; Jun 26, 2025 $0.16; Jul 22, 2025 $0.17; Aug 21, 2025 $0.17; Sep 25, 2025 $0.17; Oct 21, 2025 $0.19; Nov 21, 2025 $0.19; Dec 12, 2025 $0.19; Jan 21, 2026 $0.17; Feb 20, 2026 $0.17; Mar 26, 2026 $0.17; Apr 21, 2026 $0.17; May 21, 2026 $0.17; Jun 25, 2026 $0.17; Jul 21, 2026 $0.17; Aug 21, 2026 $0.17. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Aug 21, 2026Aug 31, 2026$0.17
Jul 21, 2026Jul 31, 2026$0.17
Jun 25, 2026Jun 30, 2026$0.17
May 21, 2026May 29, 2026$0.17
Apr 21, 2026Apr 30, 2026$0.17
Mar 26, 2026Mar 31, 2026$0.17
Feb 20, 2026Feb 27, 2026$0.17
Jan 21, 2026Jan 30, 2026$0.17
Dec 12, 2025Dec 31, 2025$0.19
Nov 21, 2025Nov 28, 2025$0.19
Oct 21, 2025Oct 31, 2025$0.19
Sep 25, 2025Sep 30, 2025$0.17

FIXD Risk

How much the fund’s monthly returns vary, scaled to a year.
6.5%
Annualised · 36 months to Aug 2026
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.
−0.07
vs 3-month T-bills · to Aug 2026
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.
−20.2%
Trough Oct 2022
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.
1.13
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.

FIXD Cost

Expense ratio0.65%
  • The middle half of US Aggregate Bond funds
  • Median 0.34%

101 of the 112 US Aggregate Bond funds charge less.

FIXD costs $65.00 a year on $10,000. The median US Aggregate Bond fund costs $34.00.