UCON is a Bond ETF from First Trust holding 504 positions as of May 31, 2026, with $3.3B in assets and a 0.86% net expense ratio. Its largest positions are U.S. Treasury Notes/Bonds (2.3%), U.S. Treasury Bonds (2.1%) and U.S. Treasury Bonds (2.1%); the top 10 holdings account for 13.7% of the portfolio. It yields 4.72% on a trailing-12-month basis.
- Issuer
- First Trust
- Holdings
- 504
- Net Assets
- $3.3BETF assets as of 2026-08-10
- Expense Ratio
- 0.86%per latest SEC prospectus filing
- TTM Yield
- 4.72%trailing 12-month distributions
Performance
- 1M
- -0.1%
- YTD
- +0.7%
- 1Y
- +3.7%
- 3Y (ann.)
- +5.5%
- 5Y (ann.)
- +2.7%
- 10Y (ann.)
- —
A $10,000 investment 5 years ago would be worth $11,447 today at the 5Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 | U.S. Treasury Notes/Bonds | 2.33% |
| 2 | U.S. Treasury Bonds | 2.13% |
| 3 | U.S. Treasury Bonds | 2.12% |
| 4 | U.S. Treasury Notes | 1.69% |
| 5 | U.S. Treasury Notes | 1.18% |
| 6 | U.S. Treasury Notes/Bonds | 1.04% |
| 7 | FN BM7755 | 0.96% |
| 8 | Boeing Co. (The) | 0.81% |
| 9 | FNR 2024-82 CF | 0.73% |
| 10 | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC | 0.71% |
| 11 | Jane Street Group / JSG Finance Inc. | 0.67% |
| 12 | FN BQ7973 | 0.65% |
| 13 | Amneal Pharmaceuticals LLC | 0.62% |
| 14 | Gildan Activewear, Inc. | 0.61% |
| 15 | Hilcorp Energy I LP / Hilcorp Finance Co | 0.60% |
| 16 | Permian Resources Operating LLC | 0.57% |
| 17 | Citadel Securities Global Holdings LLC | 0.55% |
| 18 | FR SD0778 | 0.54% |
| 19 | FN FA4541 | 0.53% |
| 20 | First Citizens BancShares Inc/NC | 0.52% |
| 21 | UBS V7.125 PERP 144a | 0.50% |
| 22 | Raising Cane's Restaurants Term Loan B (Incremental) 200 2032-10-18 | 0.49% |
| 23 | Kennedy-Wilson, Inc. | 0.49% |
| 24 | CVS Health Corp. | 0.49% |
| 25 | VF Corp. | 0.49% |
Showing the top 25 of 504 holdings. See the full UCON holdings list →
UCON alternatives
The closest Bond ETFs to UCON by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 HYGiShares iBoxx $ High Yield Corporate Bond ETF | 9% | 0.49%cheaper | $17.4B | Compare → |
 SCYBSchwab High Yield Bond ETF | 9% | 0.03%cheaper | $2.8B | Compare → |
 HYLBXtrackers USD High Yield Corporate Bond ETF | 9% | 0.05%cheaper | $3.5B | Compare → |
 USHYiShares Broad USD High Yield Corporate Bond ETF | 9% | 0.08%cheaper | $28.6B | Compare → |
 SHYGiShares 0-5 Year High Yield Corporate Bond ETF | 6% | 0.3%cheaper | $7.6B | Compare → |
 VCITVanguard Intermediate-term Corporate Bond Index Fund | 5% | 0.03%cheaper | $67.6B | Compare → |
 VGLTVanguard Long-term Treasury Index Fund | 5% | 0.03%cheaper | $10.4B | Compare → |
| 5% | 0.36%cheaper | $27.3B | Compare → |
Frequently Asked Questions
What is UCON's expense ratio?
UCON has a net expense ratio of 0.86%, per its latest SEC prospectus filing. That works out to about $86 a year on a $10,000 investment.
How many holdings does UCON have?
UCON held 504 positions as of May 31, 2026, per its latest official holdings data.
What are UCON's top 10 holdings?
UCON's largest positions are U.S. Treasury Notes/Bonds (2.3%), U.S. Treasury Bonds (2.1%), U.S. Treasury Bonds (2.1%), U.S. Treasury Notes (1.7%), U.S. Treasury Notes (1.2%), U.S. Treasury Notes/Bonds (1.0%), FN BM7755 (1.0%), Boeing Co. (The) (0.8%), FNR 2024-82 CF (0.7%), Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC (0.7%). Together they account for 13.7% of the portfolio.
What is UCON's dividend yield?
UCON yields 4.72% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is UCON?
UCON has $3.3B in assets as of Aug 10, 2026.
What are good alternatives to UCON?
By portfolio overlap, the closest Bond ETFs to UCON are HYG (9% overlap), SCYB (9% overlap), HYLB (9% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.