First Trust TCW Emerging Markets Debt ETF
EFIX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Feb 24, 2021
- CIK
- 0001667919
- Similar Companies
- Business
- First Trust TCW Emerging Markets Debt ETF (EFIX) is an actively managed exchange-traded fund that seeks high total return from current income and capital appreciation through investments in debt securities issued or guaranteed by governments, financial institutions, and companies in emerging market countries; sovereign bonds, quasi-sovereign debt, and corporate securities denominated primarily in U.S. dollars with up to 10% in Eurodollars or Japanese yen; and at least 80% of net assets in emerging markets fixed income under normal conditions, including up to 25% in non-quasi-sovereign corporate issuers. The ETF, part of First Trust Exchange-Traded Fund VIII and advised by First Trust Advisors L.P. with sub-advisory from TCW Investment Management Company, was launched on February 18, 2021, and headquartered in Wheaton, Illinois. It targeted broad credit fixed income in emerging markets across regions such as Latin America, Asia, Africa, and Eastern Europe, with holdings diversified across approximately 140 securities, including major positions in sovereign debt from Indonesia, Brazil, Colombia, and South Africa; corporate bonds; and cash equivalents. In a significant operational change, the Board of Trustees approved the liquidation of the ETF on March 11, 2025, following a recommendation from First Trust Advisors L.P., with trading ceasing on April 8, 2025, and final liquidation on or around April 15, 2025, after which shares were de-listed from NYSE Arca and shareholders received cash based on net asset value. Prior to termination, the fund managed approximately $30 million in assets under management with a net expense ratio of 0.95% and an annual dividend yield around 6.7-6.9%, focusing on broad maturities and proprietary weighting without reported recent partnerships, acquisitions, or new product launches.