First Trust Intermediate Government Opportunities ETF
MGOV
New York Stock Exchange Arca- -
USD
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- -
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 - Bonds
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 7, 2023
- CIK
- 0001517936
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Intermediate Government Opportunities ETF (MGOV) is an actively managed exchange-traded fund that seeks to maximize long-term total return by investing principally in intermediate-term debt securities issued or guaranteed by the U.S. government, its agencies, or government-sponsored entities. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio comprising U.S. Treasury bonds, notes, and bills; agency mortgage-backed securities such as pass-through securities and collateralized mortgage obligations; and related derivatives including futures contracts, swap agreements referencing Government Securities, and to-be-announced mortgage transactions; with up to 20% allocated to other investment-grade debt securities. The fund targets an average portfolio duration of three to eight years through a top-down and bottom-up investment process that employs fundamental analysis, quantitative models for duration calculation, and systematic monitoring of holdings for performance and risk changes. MGOV was launched on August 2, 2023, and is advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., the fund's distributor; First Trust entities maintain headquarters in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee. The ETF trades on the NYSE Arca exchange and primarily serves U.S. investors seeking exposure to the intermediate government bond segment, characterized by high credit quality and moderate interest-rate sensitivity within the Morningstar Intermediate Government category. Its portfolio typically includes around 90 to 150 holdings, with significant allocations to agency mortgage-backed securities (over 80%), government-related debt, U.S. Treasuries, and cash equivalents; top positions often feature Treasury futures and Federal National Mortgage Association securities. Assets under management stand at approximately $66 million to $82 million as of late 2025, with a net expense ratio of 0.65% to 0.66% and a trailing twelve-month dividend yield around 5%; the fund declares monthly distributions, such as $0.0825 and $0.0875 per share in recent payouts. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for MGOV since inception, reflecting its stable operational focus amid ongoing portfolio adjustments for market conditions including interest rate volatility and mortgage prepayment variability. The fund remains part of First Trust's broader lineup of over 100 ETFs, unit investment trusts, and other structured products offered globally through financial advisors.