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UCON
+0.14 · +0.55%
$25.19 · NYSE ARCA

First Trust TCW Unconstrained Plus Bond ETF (UCON) ETF Analysis | Nontraditional Bond

First Trust · USA
AUM:$3.3B
#– of – in Nontraditional 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 6.3% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.85% — above average for this category.

What is UCON?

Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. Its average portfolio duration will vary from between 0 to 10 years.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Positive 1-Year Return
UCON returned 6.3% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 0.85% is above average. Verify whether the strategy justifies the cost.
Broadly Diversified
Top 10 holdings represent just 0.4% of the ETF — exposure spread across many positions.
ETF Information
AUM$3.3B
Expense Ratio0.85%
Dividend Yield4.62%
Holdings1
Inception DateJun 2018
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta0.57
CategoryNontraditional Bond
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.4%
1Y
+1.2%
3Y
+14.8%
5Y
+12.2%
OpenBook InsightIf you had invested £10,000 in UCON 5 years ago, it would have grown to £11,220 — a gain of £1,220.

Annual Returns

Calendar year performance

UCON delivered positive returns in 3 of the last 5 calendar years.
YearUCON
2026 YTD-1.3%
2025+7.0%
2024+4.9%
2023+7.7%
2022-5.7%
CAGR 4yr+3.3%
3/5 positive yearsAvg return: +2.5%Worst year: -5.7% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
3.4%
Low
Momentum
-0.6%
30-day change
Support Level
24.56
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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