UCON – First Trust TCW Unconstrained Plus Bond ETF

First Trust TCW Unconstrained Plus Bond ETF (UCON) is a Nontraditional Bond ETF, issued by First Trust, $3.1B in assets, 0.84% expense ratio.

Returns as of Oct 23, 2026: 1 week +0.0%, 1 year -1.4%.

TCW Unconstrained Plus Bond invests in fixed income with varying duration. Up to 50% each in asset-backed, residential, and commercial mortgage-backed securities.

Top holdings

• US902973BC96 – USB 3.7, 0.4%
• US693475BC86 – PNC 3.4, 0.3%
• US29273VAM28 – Energy Transfer 7.125% perp., 0.3%
• US693475BD69 – PNC 6, 0.2%
• US89832QAD16 – TFC 4.8, 0.2%
• XELLL – Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085, 0.2%
• US064058AL44 – BK 3.75, 0.1%
• US02005NBN93 – ALLY 4.7, 0.1%
• JXN-PA – Jackson Financial Inc., 0.1%

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