First Trust Long Duration Opportunities ETF
$20.33−0.07 (−0.34%)
- 0.49%
- $614M
- −3.0%
- 4.56%
- 209K sh
- low $19.40high $23.59
The ETF.net LGOV Grade
C
Score 40 out of 100
- 11 of 16
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F17 out of 100Rank 13 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 9 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D30 out of 100Rank 14 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 11 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 13 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 5 of 16
Our read on LGOV
In short
CMost government bond ETFs just copy an index. LGOV is First Trust's active version: Treasuries plus agency mortgage bonds, deliberately run long, with a mandate to keep weighted average effective duration at eight years or more.
Stated mandate
The fund seeks current income while emphasizing capital preservation. It normally invests at least 80% of net assets in investment-grade debt issued or guaranteed by the U.S. government, its agencies, or government-sponsored entities.
Why people hold it
Worth knowing
LGOV Holdings
- Bonds
- 137
- 74%
- US 5YR NOTE (CBT) Dec26
Geography
- United States100.00%
LGOV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
LGOV$9,705
Returns run to the Nov 2, 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.
| Period | LGOV |
|---|---|
| Year to date | −3.1% |
| 1 month | +4.3% |
| 3 months | −1.0% |
| 1 year | −3.0% |
| 3 years | +4.8% |
| 5 years | −2.6% |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LGOV |
|---|---|---|
| 2026 YTD | −3.1% | |
| 2025 | +9.1% | |
| 2024 | −2.0% | |
| 2023 | +4.9% | |
| 2022 | −19.7% | |
| 2021 | −1.9% | |
| 2020 | +10.8% |
LGOV in the news
LGOV Dividends
- 4.56%
- $0.93
- $0.08 per share
- Monthly
LGOV Risk
- 10.3%
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.
- 0.19
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.
- −28.1%
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.
- 1.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
LGOV Cost
Overpaying vs SPTB, tied cheapest in US Treasury & Government
$9,154
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
LGOV 0.49%
$9,792
SPTB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | LGOV | SPTB | Overpaying |
|---|---|---|---|
| 10 | $883 | $55 | $828 |
| 20 | $3,394 | $216 | $3,178 |
| 30 | $9,792 | $638 | $9,154 |
Other funds in US Treasury & Government
- BGOVIInvesco Equal Weight 0-30 Year Treasury ETFExpense ratio 0.15%1 year return −2.4%
- CJMMFJPMorgan 100% U.S. Treasury Securities Money Market ETFExpense ratio 0.16%1 year return
- CMGOVFirst Trust Intermediate Government Opportunities ETFExpense ratio 0.50%1 year return −0.4%
- CTROTInvesco MSCI Treasury Duration Rotation ETFExpense ratio 0.15%1 year return
- FBNDDQuadratic Deflation ETFExpense ratio 1.02%1 year return +1.9%
