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MGOV
+0.20 · +0.97%
$20.54 · NYSE ARCA

First Trust Exchange-Traded Fund IV (MGOV) ETF Analysis | Government Mortgage-Backed Bond

First Trust · USA
AUM:$89.0M
#– of – in Government Mortgage-Backed Bond ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 8.3% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.65% — moderate cost. Consider how fees compound over long holding periods.

What is MGOV?

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of debt securities issued or guaranteed by the U. Treasury bonds, notes and bills), its agencies or government-sponsored entities.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Positive 1-Year Return
MGOV returned 8.3% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Expense ratio of 0.65%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 4.8% of the ETF — exposure spread across many positions.
ETF Information
AUM$89.0M
Expense Ratio0.65%
Dividend Yield4.94%
Holdings1
Inception DateAug 2023
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta–
CategoryGovernment Mortgage-Backed Bond
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-4.2%
1Y
+1.2%
3Y
+13.8%
5Y
+13.9%
OpenBook InsightIf you had invested £10,000 in MGOV 5 years ago, it would have grown to £11,386 — a gain of £1,386.

Annual Returns

Calendar year performance

MGOV delivered positive returns in 3 of the last 4 calendar years.
YearMGOV
2026 YTD-1.5%
2025+9.2%
2024+2.0%
2023+4.6%
CAGR 3yr+5.2%
3/4 positive yearsAvg return: +3.6%Worst year: -1.5% (2026)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
4.8%
Low
Momentum
-0.9%
30-day change
Support Level
19.82
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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