Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in commercial mortgage-backed securities ("CMBS") with a "AAA" rating (or equivalent) at the time of purchase, as determined by at least one nationally recognized statistical rating organization ("NRSRO") or, if unrated, as determined by the Advisor to be of comparable credit quality at the time of purchase. The fund is non-diversified.
Research context
First Trust Exchange-Traded Fund IV appears in PyInvesting’s ETF catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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