First Trust Low Duration Opportunities ETF
First Trust Low Duration Opportunities ETF (NASDAQ: LMBS) is an exchange-traded fund listed on NASDAQ, trading at $48.78 (about ₹4,599 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.66% and holds 1,245 securities. Indian residents can buy LMBS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$48.72
Today's high
$48.86
52 week low
$47.61
52 week high
$51.98
LMBS opened at $48.81, closed previously at $48.79, and has traded between $47.61 and $51.98 over the past 52 weeks.
About
First Trust Exchange-Traded Fund IV - First Trust Low Duration Opportunities ETF is an exchange traded fund launched and managed by First Trust Advisors LP. It invests in the fixed income markets of the United States. The fund invests in investment grade mortgage-related debt securities including residential mortgage-backed securities, commercial mortgage-backed securities, stripped mortgage-backed securities, and collateralized mortgage obligations which are issued or guaranteed by the government or its agencies or instrumentalities. The fund invents in securities with an average maturity of less than three years. It seeks to benchmark the performance of its portfolio against the ICE BofA 1-5 Year US Treasury & Agency Index and the Bloomberg US Aggregate Bond Index. First Trust Exchange-Traded Fund IV - First Trust Low Duration Opportunities ETF was formed on November 4, 2014 and is domiciled in the United States.
Key statistics
Expense ratio
0.66%
Assets (AUM)
$6.6B
Holdings
1,245
NAV
$48.72
Avg. volume
581.84K
1-year price change
-2.36%
5-year price change
-2.89%
Price change excludes dividends.
Top 10 holdings
LMBS holds 1,245 securities in total. These 10 are 39.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy LMBS from India
Indian residents can buy LMBS units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in LMBS from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search LMBS and buy
Find the fund by its ticker, LMBS, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your LMBS position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying LMBS from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the LMBS price today?
First Trust Low Duration Opportunities ETF (LMBS) last traded at $48.78 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹4,599 a unit at the 13 Nov 2026 USD/INR rate.
When does LMBS trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is LMBS, and what does it cost to hold?
First Trust Low Duration Opportunities ETF manages about $6.6B. Its expense ratio is 0.66% a year, deducted inside the fund. It launched in 2014.
What are LMBS's largest holdings?
The top three are US 2YR NOTE (CBT) Dec26 (18.3%), GNMA TBA, 6.50%, due 02/01/2056 (4.4%) and Fannie Mae or Freddie Mac TBA, 3.50%, due 01/01/2052 (3.5%). LMBS's 10 largest positions make up 39.0% of the fund.
Does LMBS pay dividends?
Yes. LMBS is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on LMBS taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of LMBS?
Yes. You can buy LMBS by amount rather than by whole unit, and there is no minimum trade size.
How has LMBS performed?
LMBS' price is down 2.4% over the past year and down 2.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.