---
ticker: "LGOV"
name: "First Trust Long Duration Opportunities ETF"
url: "https://etf.net/etf/LGOV"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "US Treasury & Government"
category_rank: "10 of 16"
methodology: "https://etf.net/methodology"
---

# LGOV: First Trust Long Duration Opportunities ETF

Grade **C**, Score 40 of 100. Rank 10 of 16 in US Treasury & Government.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 17 | 13 of 16 |
| Mission | 75 | 10 of 11 |
| Risk | 26 | 14 of 16 |
| Tradability | 39 | 11 of 16 |
| Holdings | 39 | 12 of 16 |
| Durability | 65 | 5 of 16 |

## Top holdings

The fund holds 131 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | US 5YR NOTE (CBT) Dec26 | 28.71% |
| 2 | — | US ULTRA BOND CBT Dec26 | 15.63% |
| 3 | — | US 10YR NOTE (CBT)Dec26 | 10.38% |
| 4 | — | Fannie Mae or Freddie Mac TBA, 5.50%, due 04/01/2056 | 3.41% |
| 5 | — | Fannie Mae Series 2012-134, Class ZC, 2.50%, due 12/25/2042 | 3.37% |
| 6 | — | GNMA G2 MA7366, 2%, due 05/20/2051 | 3.11% |
| 7 | — | Freddie Mac Series 5299, Class ZA, 3%, due 03/25/2052 | 2.84% |
| 8 | — | GNMA TBA, 6.50%, due 01/01/2056 | 2.69% |
| 9 | — | Freddie Mac FR SD7550, 3%, due 02/01/2052 | 2.19% |
| 10 | — | U.S. Treasury Bond, 1.375%, due 08/15/2050 | 2.15% |
| 11 | — | Fannie Mae FN AL9394, 3%, due 11/01/2046 | 2.11% |
| 12 | — | Freddie Mac Series 5202, Class ZN, 3%, due 05/25/2051 | 2.10% |
| 13 | — | GNMA Series 2023-164, Class AZ, 3%, due 01/20/2052 | 2.06% |
| 14 | — | GNMA Series 2023-81, Class YD, 4%, due 06/20/2053 | 2.04% |
| 15 | — | Fannie Mae Series 2024-6, Class AL, 2%, due 04/01/2040 | 2.03% |
| 16 | — | Fannie Mae Series 2025-40, Class EZ, 4.50%, due 11/25/2048 | 2.00% |
| 17 | — | Freddie Mac Series 5213, Class DB, 3%, due 04/25/2052 | 1.98% |
| 18 | — | Fannie Mae FN FM9712, 3.50%, due 11/01/2050 | 1.95% |
| 19 | — | GNMA Series 2022-124, Class MY, 3.50%, due 07/20/2052 | 1.93% |
| 20 | — | Fanniemae-Aces Series 2024-M3, Class Z, Variable rate, due 04/25/2053 | 1.88% |
| 21 | — | GNMA Series 2024-59, Class Z, 1.25%, due 07/20/2050 | 1.87% |
| 22 | — | U.S. Treasury Bond, 1.625%, due 11/15/2050 | 1.79% |
| 23 | — | Freddie Mac - SLST Series 2025-1, Class A2, 3%, due 05/25/2035 | 1.75% |
| 24 | — | Fannie Mae Series 2024-20, Class QZ, 4%, due 10/25/2045 | 1.73% |
| 25 | — | GNMA Series 2018-53, Class BZ, 3.50%, due 04/20/2048 | 1.73% |
| 26 | — | Fannie Mae Series 2024-20, Class ZA, 4%, due 10/25/2045 | 1.70% |
| 27 | — | U.S. Treasury Bond, 5.125%, due 08/15/2056 | 1.66% |
| 28 | — | Fannie Mae Series 2025-44, Class CZ, 3.50%, due 07/25/2050 | 1.65% |
| 29 | — | Freddie Mac FR SD7509, 3%, due 11/01/2049 | 1.59% |
| 30 | — | Freddie Mac - SLST Series 2024-2, Class A2, 3.25%, due 10/25/2034 | 1.50% |

Source: etf.net, https://etf.net/etf/LGOV. Please cite the page URL.