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UCON ETF · First Trust TCW Unconstrained Plus Bond ETF
The UCON Exchange Traded Fund (ETF) is provided by First Trust. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofIntl Aggregate Bonds1M perf.-0.64%
Last price
$24.87
1M perf.
-0.69%
1M flows
+€39M
AuM
€2.81B
E/R
0.86%
Rating
Not rated
ESG Consensus®
UCON
$24.87
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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UCON
$24.86
+0.69%
Intl Aggregate Bonds
+0.55%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.69%  | +0.69%  | +4.98% | +14.11% | +9.86% | -1.37% | +0.25% | +0.25% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
$24.89
1D NAV change
-0.34%
Dividend policy
No. of holdings
290
Inception date
6/4/2018
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The investment objective of the First Trust TCW Unconstrained Plus Bond ETF is to seek to maximize long-term total return. Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. The Fund's investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor"), manages the Fund's portfolio in an "unconstrained" manner, meaning that its investment universe is not limited to the securities of any particular index and it has discretion to invest in fixed income securities of any type or credit quality, including up to 70% of its net assets in high yield (or "junk") securities, up to 60% of its net assets in securities issued by issuers with significant ties to emerging market countries and up to 50% of its net assets in securities denominated in non-U.S. currencies. Additionally, under normal market conditions, the Fund's average portfolio duration will vary from between 0 to 10 years. Duration is a measure of the expected price volatility of a fixed income security as a result of changes in market rates of interest
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.69% | +4.98% | +14.11% | +9.86% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
79.40%
Unavailable
19.04%
Other
1.56%
Sectors
Sovereign
6.96%
Banks
6.55%
Other sectors
3.05%
Oil and gas extraction and refining
2.56%
Aircraft production and defense
2.37%
Financial markets
2.24%
Media
1.74%
Pipelines
1.67%
Unavailable
58.06%
Other
14.80%
Diversification
Total weight of top 15 holdings out of 290
Top 15 holdings
Data as of January 31, 2026
US91282CNG23
US91282CNV99
US3132DWNG41
USA, Notes 4.25% 31jan2030, USD (U-2030)
US91282CPE56
US912810UQ93
US91282CPJ44
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
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US91282CPN55
USA, Notes 3.5% 31jan2028, USD (U-2028)
USA, Notes 3.5% 30sep2029, USD (AD-2029)
Boeing, 7.008% 1may2064, USD
Albertsons Companies Inc, 6.5% 15feb2028, USD
Jane Street Group, 7.125% 30apr2031, USD
US912810UP11
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
First Trust
First Trust ID Card
Number of funds
401
Total AuM
€211.16B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.7991%
Top 5 funds by First Trust
| AuM | ||
|---|---|---|
RDVY | First Trust NASDAQ Rising Dividend Achievers ETF | €17.19B |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | €8.73B |
CIBR | First Trust NASDAQ Cybersecurity ETF | €8.53B |
BUFR | FT Vest Fund of Buffer ETF | €7.48B |
FVD | First Trust Value Line Dividend ETF - USD | €7.16B |
Frequently asked questions about UCON
What does First Trust TCW Unconstrained Plus Bond ETF, UCON, invest in?
UCON is a Active ETF. This ETF provides exposure to Mixed Ratings Aggregate Bonds.
What is the Total Expense ratio (TER) of UCON?
UCON carries a total expense ratio (TER) of 0.86%, indicating the annual cost for holding the fund.
When was UCON launched?
UCON was introduced to the market on June 4, 2018. It trades on United States
Who is the ETF issuer of UCON?
First Trust TCW Unconstrained Plus Bond ETF, UCON, is provided by First Trust. Learn more about First Trust here.
What is the current assets under management (AUM) of UCON?
UCON oversees €2.81B in assets as of March 12, 2026.
How has UCON performed lately?
Based on data from March 12, 2026, UCON returned -0.69% over the past month, 0.69% over the last three months and 0.25% year-to-date.
What are the latest inflows or outflows for UCON?
As of March 12, 2026, UCON recorded net flows of +€39M over the last month and +€66M year-to-date.
Does UCON distribute dividends?
UCON follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 4.56%.
What are the main country or region exposures of UCON?
As of January 31, 2026, UCON has significant geographic allocations in USA.
In which sector or theme does UCON invest in?
As of January 31, 2026, UCON focuses largely on Sovereign, Banks and Other sectors.
How many securities does UCON hold and how diversified is it?
As of January 31, 2026, UCON holds 290 positions in its portfolio, with 27.94% of assets concentrated in its top 15 holdings.
What are the main positions in UCON?
As of January 31, 2026, UCON top three holdings include US91282CNG23, US91282CNV99 and US3132DWNG41.
What is the base currency of UCON?
The base currency of UCON is USD.
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