First Trust Intermediate Government Opportunities ETF (MGOV)

The First Trust Intermediate Government Opportunities ETF is an actively managed fixed income fund from First Trust Advisors, based in Wheaton, Illinois. It seeks current income and total return by investing primarily in U.S. government and agency debt.

The portfolio can include U.S. Treasury securities and mortgage-backed securities issued or guaranteed by government agencies and government-sponsored enterprises, and it generally maintains an intermediate duration profile. The managers actively adjust sector allocations and security selection in search of relative value within the government bond market.