LGOV ETF — First Trust Long Duration Opportunities ETF

First Trust Long Duration Opportunities ETF (LGOV)

Updated October 16, 2026.

LGOV is an ETF. its distribution rate is 4.62%, its trailing-12-month yield is 5.01%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 61/100 (Generally safe). Total return is 4.7% over the past 7.7 years, 220.0 points behind SPY at 224.7%.

First Trust Long Duration Opportunities ETF is an exchange-traded fund that invests at least eighty percent of its assets in investment-grade U.S. government debt securities and mortgage-related securities, including Treasury bonds and agency-issued instruments, with the remainder available for related ETFs and similar fixed-income investments. The fund distributes income monthly at a current high distribution rate, with an expense ratio of 0.49%. It appeals to income-focused investors seeking regular distributions from government-backed fixed-income securities.

LGOV performance versus SPY

Price and return data through 2026-10-16.

Total return is 4.7% over the past 7.7 years, 220.0 points behind SPY at 224.7%. Over the past year its total return — price change plus distributions reinvested — is -5.1%. Its deepest 1-year drawdown was 10.6%.

LGOV key facts

Distribution Safety Score™

61 · Generally safe

Safety-Adjusted Yield

2.82%

Issuer

First Trust

Asset type

ETF

Asset class

Fixed Income

Inception date

01/22/2019

Expense ratio

0.49%

Distribution rate

4.62%

Distribution frequency

Monthly

Trailing yield

5.01%

Last close

$20.11 (as of 2026-10-16)

AUM

$592,663,658

Average volume

236518.0

Dividend

$0.0775

Ex-dividend date

09/24/2026

Payment date

09/30/2026

Beta

1.79

How Dividend Vision calculates yield and returns

Distribution rate (4.62%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.01%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LGOV risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.6%.

Who may consider LGOV — and who may not

LGOV may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on LGOV

• All tickers starting with L

Tagged: Fixed Income.

Frequently asked questions

More securities from First Trust.