First Trust Long Duration Opportunities ETF
LGOV
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
FRC
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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 - Bonds
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Jan 23, 2019
- CIK
- 0001517936
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Long Duration Opportunities ETF (LGOV) is an actively managed exchange-traded fund that seeks to generate current income with a focus on capital preservation by investing at least 80% of its net assets in a portfolio of investment-grade U.S. government bonds and securities issued or guaranteed by U.S. government agencies or government-sponsored enterprises, including U.S. Treasury bonds, notes, bills, agency mortgage-backed securities such as those from Fannie Mae, Freddie Mac, and Ginnie Mae, and related futures contracts; the fund targets an average portfolio duration of eight years or more. Launched on January 22, 2019, and listed on NYSE Arca, LGOV is managed by First Trust Advisors L.P., a privately held investment advisor founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee. The ETF's portfolio features significant allocations to long-duration securities like 10-Year Treasury Note Futures, Ultra U.S. Treasury Bond Futures, and various agency mortgage-backed classes from Fannie Mae (e.g., Series 2024-6 AL, Series 2025-40 EZ), Freddie Mac, and GNMA, alongside U.S. Treasury bonds and Tennessee Valley Authority notes, serving institutional and retail investors focused on fixed income exposure in developed North American markets. In recent developments, First Trust Advisors announced monthly distributions for LGOV, including $0.0775 per share in December 2025, alongside ongoing portfolio adjustments amid fixed income market conditions; the firm also implemented fee waivers effective January 1, 2026, for certain fixed income ETFs including those in its opportunities lineup to enhance investor appeal, while expanding its actively managed fixed income offerings with complementary strategies like the First Trust Intermediate Government Opportunities ETF (MGOV) in 2023.