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Investment Objective/Strategy - The First Trust Indxx Metaverse ETF (the "Fund") seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx Metaverse Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The index begins with a universe of common stocks and depositary receipts issued by U.S. and non-U.S. Metaverse companies listed in a developed or emerging market, as defined by the index provider.*
- To be eligible for the index, a security must meet the following criteria:
- Minimum market capitalization of $1 billion;
- Six-month average daily turnover value of greater than or equal to $5 million;
- Minimum free float of 10% of shares outstanding in order to meet the index provider's market capitalization and liquidity requirements.
- All eligible companies considered for inclusion in the index must be involved in business activities associated with the following sub-themes:
- Internet Protocol (IP) and Contents
- Platforms
- Payment
- Optics & Display
- Semiconductor, Hardware and 5G
- Only companies that derive at least 50% of revenues from, or devote 50% of assets to, one of the Metaverse sub-themes will be eligible for inclusion in the index.
- A total of 50 will be selected based on market capitalization and equally weighted.
- Each company with a market capitalization less than $10 billion will have its weight halved, with the remaining weight equally allocated among other components in the index.
- The index is rebalanced quarterly and reconstituted semi-annually.
*Depositary receipts issued by Chinese companies are not eligible for inclusion in the index. The index does include non-Chinese variable interest entities (“VIEs”) in order to gain exposure to Chinese companies.
Ticker | ARVR |
Fund Type | Technology |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33734X762 |
ISIN | US33734X7628 |
Intraday NAV | ARVRIV |
Fiscal Year-End | 09/30 |
Exchange | Nasdaq |
Inception | 4/19/2022 |
Inception Price | $30.21 |
Inception NAV | $30.21 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.70% |
* As of 2/1/2024
Closing NAV1 | $37.80 |
Closing Market Price2 | $37.94 |
Bid/Ask Midpoint | $37.94 |
Bid/Ask Premium | 0.36% |
30-Day Median Bid/Ask Spread3 | 0.39% |
Total Net Assets | $1,890,050 |
Outstanding Shares | 50,002 |
Daily Volume | 106 |
Average 30-Day Daily Volume | 2,621 |
Closing Market Price 52-Week High/Low | $38.90 / $28.26 |
Closing NAV 52-Week High/Low | $38.73 / $28.09 |
Number of Holdings (excluding cash) | 42 |
Holding |
Percent |
Xiaomi Corporation (Class B) |
4.52% |
Tencent Holdings Limited |
3.87% |
Zoom Video Communications, Inc. (Class A) |
3.73% |
Meta Platforms Inc. (Class A) |
3.60% |
NetEase, Inc. |
3.44% |
Netflix, Inc. |
3.39% |
Roblox Corporation (Class A) |
3.35% |
Texas Instruments Incorporated |
3.12% |
Take-Two Interactive Software, Inc. |
3.08% |
Apple Inc. |
3.06% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $3,542,564 |
Median Market Cap. | $33,270 |
Minimum Market Cap. | $1,046 |
Price/Earnings | 26.35 |
Price/Book | 3.26 |
Price/Cash Flow | 18.86 |
Price/Sales | 3.28 |
Country |
Percent |
United States |
59.07% |
Japan |
16.97% |
China |
13.39% |
Taiwan |
5.26% |
Switzerland |
2.08% |
Ireland |
1.25% |
South Korea |
1.21% |
France |
0.77% |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
242 |
61 |
63 |
60 |
Days Traded at Discount |
8 |
0 |
0 |
4 |
Entertainment
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32.24%
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Semiconductors & Semiconductor Equipment
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23.87%
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Software
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14.80%
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Interactive Media & Services
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9.52%
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Technology Hardware, Storage & Peripherals
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7.60%
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Electronic Equipment, Instruments & Components
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5.39%
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Household Durables
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3.03%
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IT Services
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1.25%
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Health Care Technology
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1.16%
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Communications Equipment
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1.14%
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Tracking Index: Indxx Metaverse Index
MSCI ACWI Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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