ETF Research

FIXD: FIRST TRUST TCW OPPORTUNISTIC FIXED INCOME ETF

Generated from StockValueFinder data · Updated Oct 12, 2026 1:32 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

What this ETF is trying to do

The First Trust TCW Opportunistic Fixed Income ETF (FIXD) is an exchange-traded fund that invests in fixed-income assets. This means it primarily holds things like bonds. Its top holdings include various United States Treasury Bonds and Notes, as well as mortgage-related securities from agencies like the Federal Home Loan Mortgage Corp and the Government National Mortgage Association.

What the numbers show

As of October 9, 2026, the share price of FIXD was $41.48. To understand how the price has changed, we can look at the price return and the total return.

• Price Return: This measures only the change in the share price. The one-year price return was -6.60%, and the year-to-date (YTD) price return was -6.41%.

• Total Return: This reflects the overall return, including distributions. The one-year total return was -2.10%, and the YTD total return was -3.15%.

For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($44.41), and you looked only at the share price (ignoring distributions), your investment would be worth approximately $9,340.34 today.

Income and distribution explanation

FIXD usually pays distributions monthly. Over the last 12 months, it made 12 payouts totaling $2.06 per share. This results in a distribution yield of approximately 4.95%.

It is important for new investors to remember that a high distribution yield alone can be misleading. While these payments provide cash income, they do not guarantee that the original money you invested (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time. StockValueFinder uses an erosion-risk score to measure this. FIXD has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk rather than proof that the fund's value has collapsed.

Pros

• Regular Income: The fund provides monthly cash distributions.

• Diversification: It holds a large number of assets (259 total holdings), including many U.S. government securities.

• Long-term Total Return: While recent years have been negative, the three-year total return was 13.08%.

Cons

• Recent Price Decline: Both the YTD and one-year price returns are negative.

• Mild Erosion Risk: The fund has a "mild" erosion-risk label.

• Negative Five-Year Return: The five-year total return was -5.15%.

Beginner takeaway

FIXD is a bond-focused ETF that pays monthly income. While it provides a steady stream of cash, the share price has declined recently. Investors often care about principal stability, meaning they want their initial investment to stay intact while they collect income. In this case, the total return is higher than the price return because the distributions helped offset some of the share-price decline.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

238 holdings available
# Holding Ticker Weight
1 UNITED STATES TREASURY BONDS 5.125% n/a 5.75%
2 UNITED STATES TREASURY NOTES 4.375% n/a 5.42%
3 UNITED STATES TREASURY NOTES 4.125% n/a 5.37%
4 UNITED STATES TREASURY BONDS 5% n/a 4.83%
5 DREYFUS GOVT CM INST 289 n/a 2.92%
6 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 4% n/a 2.87%
7 US TREASURY N/B 4.75 9/30/2028 n/a 1.53%
8 FEDERAL HOME LOAN MORTGAGE CORP. 3% n/a 1.09%
9 n/a n/a 1.00%
10 UNITED STATES TREASURY NOTES 4.625% n/a 0.97%
Show all 238 holdings
1. UNITED STATES TREASURY BONDS 5.125% n/a 5.75%
2. UNITED STATES TREASURY NOTES 4.375% n/a 5.42%
3. UNITED STATES TREASURY NOTES 4.125% n/a 5.37%
4. UNITED STATES TREASURY BONDS 5% n/a 4.83%
5. DREYFUS GOVT CM INST 289 n/a 2.92%
6. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 4% n/a 2.87%
7. US TREASURY N/B 4.75 9/30/2028 n/a 1.53%
8. FEDERAL HOME LOAN MORTGAGE CORP. 3% n/a 1.09%
9. n/a n/a 1.00%
10. UNITED STATES TREASURY NOTES 4.625% n/a 0.97%
11. FEDERAL HOME LOAN MORTGAGE CORP. 3.5% n/a 0.96%
12. n/a n/a 0.96%
13. BOEING CO. 7.008% n/a 0.95%
14. GILDAN ACTIVEWEAR INC. 5.4% n/a 0.89%
15. n/a n/a 0.88%
16. FEDERAL NATIONAL MORTGAGE ASSOCIATION 3% n/a 0.81%
17. UNITED STATES TREASURY BONDS 1.625% n/a 0.79%
18. FNMA PASS-THRU I 5% n/a 0.74%
19. n/a n/a 0.68%
20. V.F. CORP 2.95% n/a 0.65%
21. FEDERAL NATIONAL MORTGAGE ASSOCIATION 3.5% n/a 0.59%
22. FEDERAL NATIONAL MORTGAGE ASSOCIATION 4% n/a 0.50%
23. n/a n/a 0.50%
24. FNMA PASS-THRU I 4.5% n/a 0.49%
25. n/a n/a 0.42%
26. FEDERAL NATIONAL MORTGAGE ASSOCIATION 6% n/a 0.39%
27. FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.5% n/a 0.36%
28. n/a n/a 0.36%
29. FNMA PASS-THRU I 5.5% n/a 0.35%
30. n/a n/a 0.35%
31. AUGUSTA SPINCO CORP. 5.245% n/a 0.34%
32. FEDERAL HOME LOAN MORTGAGE CORP. 5.5% n/a 0.34%
33. FISERV INC. 5.25% n/a 0.34%
34. PERMIAN RESOURCES OPERATING, LLC 7% n/a 0.34%
35. FOUNDRY JV HOLDCO LLC. 6.1% n/a 0.33%
36. n/a n/a 0.33%
37. SYNOPSYS INC 4.85% n/a 0.32%
38. DISCOVERY GLOBAL HOLDINGS INC. 5.141% n/a 0.31%
39. FNMA PASS-THRU I 3.5% n/a 0.31%
40. SKYLINE CL A TR 2020-1 3.229% n/a 0.31%
41. GFL ENVIRONMENTAL INC. 4% n/a 0.30%
42. KINETIK HOLDINGS LP 6.625% n/a 0.30%
43. n/a n/a 0.30%
44. UNITED AIR LINES, INC. 4.625% n/a 0.30%
45. UNITED AIRLINES HOLDINGS INC 4.875% n/a 0.30%
46. WELLS FARGO & CO. 6.125% n/a 0.30%
47. ALLISON TRANSMISSION INC. 5.875% n/a 0.29%
48. CELANESE US HOLDINGS LLC 7% n/a 0.29%
49. COSTAR GROUP INC 2.8% n/a 0.29%
50. FAIR ISAAC CORPORATION 6% n/a 0.29%
51. HYUNDAI CAPITAL AMERICA 4.55% n/a 0.29%
52. n/a n/a 0.29%
53. n/a n/a 0.29%
54. THE GAP INC. 3.625% n/a 0.29%
55. U.S. BANCORP. 3.7% n/a 0.29%
56. CAESARS ENTERT 02/06/31 n/a 0.28%
57. CONSTELLATION ENERGY GENERATION LLC 5.3% n/a 0.28%
58. FHLMC SUPER 30Y FIXED 5.5% n/a 0.28%
59. FNMA PASS-THRU I 7% n/a 0.28%
60. GOLDMAN SACHS GROUP, INC. 5.065% n/a 0.28%
61. GOLDMAN SACHS GROUP, INC. 5.33% n/a 0.28%
62. GOLDMAN SACHS GROUP, INC. 5.387% n/a 0.28%
63. HONEYWELL AEROSPACE INC. 4.95% n/a 0.28%
64. JPMORGAN CHASE & CO. 5.193% n/a 0.28%
65. LEIDOS INC 5.4% n/a 0.28%
66. MARTIN MARIETTA MATERIALS INC 5.625% n/a 0.28%
67. n/a n/a 0.28%
68. n/a n/a 0.28%
69. SAUDI ARABIAN OIL COMPANY 5% n/a 0.28%
70. SM ENERGY CO. 8.75% n/a 0.28%
71. STINGRAY COMPUTE LLC 6% n/a 0.28%
72. CROWDSTRIKE HOLDINGS INC 3% n/a 0.27%
73. GENERAL MOTORS COMPANY 6.25% n/a 0.27%
74. JPMORGAN CHASE & CO. 5.803% n/a 0.27%
75. JPMORGAN CHASE & CO. 6.1% n/a 0.27%
76. MOBILITY GLOBAL INC. 6.05% n/a 0.27%
77. UBS GROUP AG 5.01% n/a 0.27%
78. VYLOR INC. 5.625% n/a 0.27%
79. WYNDHAM HOTELS & RESORTS INC 4.375% n/a 0.27%
80. BANK OF MONTREAL 7.375 11/26/2086 n/a 0.26%
81. GENMAB AS AND GENMAB FINANCE LLC 6.25% n/a 0.26%
82. MATADOR RESOURCES COMPANY 6% n/a 0.26%
83. SOPAIPILLA INVESTOR LLC 7.534% n/a 0.26%
84. STATION CASINOS LLC 4.5% n/a 0.26%
85. GOLDMAN SACHS GROUP, INC. 7.5% n/a 0.25%
86. NUSTAR LOGISTICS, L.P. 6.375% n/a 0.25%
87. SOLVENTUM CORP. 5.45% n/a 0.25%
88. ALPHABET INC. 4.7% n/a 0.24%
89. FEDERAL HOME LOAN BANKS 5.5% n/a 0.24%
90. MORGAN STANLEY 4.892% n/a 0.24%
91. n/a n/a 0.24%
92. ALASKA AIRLINES, INC. 6.5% n/a 0.23%
93. BRIGHTSTAR LOTTERY PLC 5.25% n/a 0.23%
94. CONSTELLATION ENERGY GENERATION LLC 4.8% n/a 0.23%
95. HEALTHEQUITY INC 4.5% n/a 0.23%
96. NEXSTAR MEDIA INC. 7.25% n/a 0.23%
97. ECOLAB INC. 5.35% n/a 0.22%
98. GALAXY HELIOS DATA CENTERS II LLC 9.875% n/a 0.22%
99. n/a n/a 0.22%
100. n/a n/a 0.22%
101. TRUIST FINANCIAL CORP. 6.669% n/a 0.22%
102. U.S. BANCORP. 2.491% n/a 0.22%
103. UBS GROUP AG 6.6% n/a 0.22%
104. AMERICAN WATER CAPITAL CORP 5.25% n/a 0.21%
105. AS MILEAGE PLAN IP LTD. 5.021% n/a 0.21%
106. FEDERAL HOME LOAN MORTGAGE CORP. 4% n/a 0.21%
107. FOUNDRY JV HOLDCO LLC. 6.25% n/a 0.21%
108. PERMIAN RESOURCES OPERATING, LLC 6.25% n/a 0.21%
109. SIRIUS XM RADIO LLC 5% n/a 0.21%
110. SYSCO HOLD/SYSC CORP 5.95 6/6/2036 n/a 0.21%
111. AMERICAN EXPRESS COMPANY 4.804% n/a 0.20%
112. CARNIVAL CORP LTD. 4% n/a 0.20%
113. ENERGY TRANSFER LP 7.125% n/a 0.20%
114. ESAB CORP. 6.25% n/a 0.20%
115. HOWMET AEROSPACE INC 4.75% n/a 0.20%
116. XCEL ENERGY INC 0% XELLL 0.20%
117. CHARLES SCHWAB CORP. (THE) 4.91116% n/a 0.19%
118. LSEG US FINANCE CORP 5.25% n/a 0.19%
119. OCCIDENTAL PETROLEUM CORP. 7.875% n/a 0.19%
120. PNC FINANCIAL SERVICES GROUP INC. 7.151% n/a 0.19%
121. VISTRA OPERATIONS CO LLC 7.75% n/a 0.19%
122. VMWARE LLC 2.2% n/a 0.19%
123. CELANESE US HOLDINGS LLC 7.33% n/a 0.18%
124. CITIGROUP INC. 6.5% n/a 0.18%
125. FEDERAL HOME LOAN BANKS 3.5% n/a 0.18%
126. JPMORGAN CHASE & CO. 4.898% n/a 0.18%
127. n/a n/a 0.18%
128. FEDERAL HOME LOAN MORTGAGE CORP. 6% n/a 0.17%
129. FLOWERS FOODS, INC. 5.75% n/a 0.17%
130. FLOWSERVE CORPORATION 5.7% n/a 0.17%
131. G2 788843 6 7/20/2056 n/a 0.17%
132. MOBILITY GLOBAL INC. 5.45% n/a 0.17%
133. MORGAN STANLEY 5.073% n/a 0.17%
134. n/a n/a 0.17%
135. U.S. BANCORP. 4.839% n/a 0.17%
136. WELLS FARGO & CO. 5.389% n/a 0.17%
137. ALLY FINANCIAL INC. 4.7% n/a 0.16%
138. COREWEAVE INC. 9% n/a 0.16%
139. MERIDIAN ARC HOLDCO LLC 6.25% n/a 0.16%
140. ORACLE CORP. 5.7% n/a 0.16%
141. PACIFICORP. 7.125% n/a 0.16%
142. PNC FINANCIAL SERVICES GROUP INC. 5.463% n/a 0.16%
143. QXO BUILDING PRODUCTS INC. 6.5% n/a 0.16%
144. SYSCO HOLD/SYSC CORP 6.5 10/6/2056 n/a 0.16%
145. SYSCO HOLD/SYSC CORP 7.35 10/6/2056 n/a 0.16%
146. THE BANK OF NEW YORK MELLON CORP. 3.75% n/a 0.16%
147. UNITED STATES STEEL CORPORATION 5.2% n/a 0.16%
148. AUGUSTA SPINCO CORP. 4.656% n/a 0.15%
149. n/a n/a 0.15%
150. n/a n/a 0.15%
151. n/a n/a 0.15%
152. PARAMOUNT SKYDANCE CORP. 8.875% n/a 0.15%
153. SKYDANCE CORP 7.05 10/15/2031 n/a 0.15%
154. VSP OPTICAL GROUP INC. 5.45% n/a 0.15%
155. COBANK ACB 6.75% n/a 0.14%
156. HONEYWELL AEROSPACE INC. 4.3% n/a 0.14%
157. PERMIAN RESOURCES OPERATING, LLC 5.875% n/a 0.14%
158. ROYAL BANK OF CANADA 6.5% n/a 0.14%
159. VMWARE LLC 4.7% n/a 0.14%
160. ACCENTURE CAPITAL INC. 5.6% n/a 0.13%
161. DANSKE BANK A/S 5.427% n/a 0.13%
162. FARM CREDIT BANK OF TEXAS 7% n/a 0.13%
163. GENERAL MOTORS COMPANY 5.625% n/a 0.13%
164. GOLDMAN SACHS GROUP, INC. 6.5% n/a 0.13%
165. IRON MOUNTAIN INC. 5.25% n/a 0.13%
166. MATCH GROUP HOLDINGS II LLC 4.625% n/a 0.13%
167. BUCKEYE PARTNERS LP 4.125% n/a 0.12%
168. CHARLES SCHWAB CORP. (THE) 5.493% n/a 0.12%
169. CHARLES SCHWAB CORP. (THE) 6.1% n/a 0.12%
170. CITIGROUP INC 5.86 9/24/2037 n/a 0.12%
171. HSBC HOLDINGS PLC 6.75% n/a 0.12%
172. n/a n/a 0.12%
173. PENN ENTERTAINMENT INC 5.625% n/a 0.12%
174. ROCKET COMPANIES INC 6.125% n/a 0.12%
175. SAUDI ARABIAN OIL COMPANY 4.375% n/a 0.12%
176. SUNOCO LP 5.625% n/a 0.12%
177. THE BANK OF NEW YORK MELLON CORP. 5.085% n/a 0.12%
178. THE TORONTO-DOMINION BANK 8.125% n/a 0.12%
179. VYLOR INC. 5.125% n/a 0.12%
180. APLD COMPUTECO LLC 9.25% n/a 0.11%
181. FEDERAL NATIONAL MORTGAGE ASSOCIATION 2% n/a 0.11%
182. FIRST CITIZENS BANK AND TRUST CO. 5.097% n/a 0.11%
183. MORGAN STANLEY 5.605% n/a 0.11%
184. n/a n/a 0.11%
185. QXO BUILDING PRODUCTS INC. 6.875% n/a 0.11%
186. UBS GROUP AG 7.125% n/a 0.11%
187. UNITED AIRLINES HOLDINGS INC 5.375% n/a 0.11%
188. UNITED STATES STEEL CORPORATION 5.7% n/a 0.11%
189. BAYER US FINANCE LLC 5.625% n/a 0.10%
190. COX ENTERPRISES, INC. 7.375% n/a 0.10%
191. FLEX INTERMEDIATE HOLDCO LLC 3.363% n/a 0.10%
192. HF SINCLAIR CORP. 5% n/a 0.10%
193. STATE STREET CORP. 3.031% n/a 0.10%
194. ACCENTURE CAPITAL INC. 5% n/a 0.09%
195. BAYER US FINANCE LLC 5.125% n/a 0.09%
196. BIOMARIN PHARMACEUTICAL INC. 5.5% n/a 0.09%
197. CAMPBELLS COMPANY/THE 8.5 4/5/2057 n/a 0.09%
198. COBANK ACB 7.125% n/a 0.09%
199. ECOLAB INC. 4.8% n/a 0.09%
200. ENERGY TRANSFER LP 6.625% n/a 0.09%
201. HCA INC. 2.375% n/a 0.09%
202. JACKSON FINANCIAL INC 6.15% n/a 0.09%
203. n/a n/a 0.09%
204. XCEL ENERGY INC 5.75% n/a 0.09%
205. ENTERGY CORPORATION 7.125% n/a 0.08%
206. FORD MOTOR CREDIT COMPANY LLC 5.431% n/a 0.08%
207. LEIDOS INC 2.3% n/a 0.08%
208. LEIDOS INC 5% n/a 0.08%
209. n/a JXN-PRA 0.08%
210. PARAMOUNT GLOBAL 4.375% n/a 0.08%
211. PARAMOUNT SKYDANCE CORP. 9.125% n/a 0.08%
212. ROCKET COMPANIES INC 6.5% n/a 0.08%
213. SUNOCO LP 5.875% n/a 0.08%
214. BNP PARIBAS SA 7.2% n/a 0.07%
215. n/a BOH-PRB 0.07%
216. SYSCO HOLD/SYSC CORP 7.25 10/6/2056 n/a 0.07%
217. UBS GROUP AG 5.199% n/a 0.07%
218. HEICO CORP 4.95% n/a 0.06%
219. HYUNDAI CAPITAL AMERICA 5.25% n/a 0.06%
220. JPMORGAN CHASE & CO. 5.336% n/a 0.06%
221. JPMORGAN CHASE & CO. 5.571% n/a 0.06%
222. n/a n/a 0.06%
223. ARIS WATER HOLDINGS LLC 7.25% n/a 0.05%
224. FEDERAL HOME LOAN MORTGAGE CORP. 2.5% n/a 0.05%
225. KOHL'S CORP. 10% n/a 0.05%
226. SKYDANCE CORP 7.9 10/15/2036 n/a 0.05%
227. SUNOCO LP 5.375% n/a 0.05%
228. AMERICAN EXPRESS COMPANY 5.412% n/a 0.04%
229. FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.5% n/a 0.04%
230. TELEFLEX INCORPORATED 4.25% n/a 0.04%
231. T-MOBILE USA, INC. 3.75% n/a 0.03%
232. TAYLOR MORRISON COMMUNITIES INC 5.125% n/a 0.03%
233. VISTRA CORP 8.875% n/a 0.03%
234. FEDERAL HOME LOAN MORTGAGE CORP. 6.5% n/a 0.02%
235. SPECTRUM BRANDS, INC. 3.875% n/a 0.02%
236. BUCKEYE PARTNERS LP 4.5% n/a 0.01%
237. CONTINENTAL COMMUNITY HOLDINGS LLC 3.77782% n/a 0.01%
238. EXETER AUTOMOBILE RECEIVABLES TR 2021-4 0% n/a 0.01%
Holdings data last updated Oct 12, 2026 5:39 AM . Provider-reported weights may not sum exactly to 100%.
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