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First Trust S-Network Future Vehicles & Technology ETF (CARZ)
Investment Objective/Strategy - The First Trust S-Network Future Vehicles & Technology ETF (the "Fund"), formerly First Trust NASDAQ Global Auto Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the S-Network Electric & Future Vehicle Ecosystem Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and depository 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 of companies listed on a recognized global securities exchange, including U.S. dollar denominated and non-U.S. dollar denominated securities issued by U.S. and non-U.S. companies, including companies located in emerging market countries.
  • Securities must be issued by companies operating in the electric and future vehicle ecosystem:
    • Future vehicles companies – companies that have at least 50% of their assets in, or derive at least 50% of their revenues or profits from one of the following business segments: electric and autonomous vehicle manufacturing; electric and autonomous vehicle enabling technologies; electric and autonomous vehicle enabling materials; and the development and manufacture of future automotive technology and products.
    • Technology companies – companies that have at least 50% of their assets in, or derive at least 50% of their revenues or profits from the information technology sector.
  • To be eligible for the Index, a security must meet the following criteria:
    • Minimum market capitalization of $500 million;
    • Three-month average daily trading value of at least $5 million;
    • Minimum float-adjusted market capitalization value of at least $100 million;
    • Minimum free float of 20% of shares outstanding.
  • All qualifying securities are selected for inclusion in the index and are weighted according to a float-adjusted market capitalization weighting methodology in which the maximum weight assigned to a single security is 4.5% and the minimum is 0.5% (with larger cap companies receiving higher weightings within the approximate range).
  • The Index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeTransportation
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$29.88
Inception NAV$29.88
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 6/27/2022)
Closing NAV1$47.65
Closing Market Price2$47.54
Bid/Ask Midpoint$47.62
Bid/Ask Discount0.06%
30-Day Median Bid/Ask Spread30.64%
Total Net Assets$54,802,186
Outstanding Shares1,150,002
Daily Volume8,625
Average 30-Day Daily Volume4,577
Closing Market Price 52-Week High/Low$66.95 / $45.18
Closing NAV 52-Week High/Low$66.42 / $45.33
Number of Holdings (excluding cash)101
Top Holdings (as of 6/27/2022)*
Holding Percent
QUALCOMM Incorporated 4.73%
Toyota Motor Corporation 4.64%
Microsoft Corporation 4.55%
Texas Instruments Incorporated 4.54%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 4.43%
Alphabet Inc. (Class A) 4.42%
Advanced Micro Devices, Inc. 4.30%
Apple Inc. 4.26%
Samsung Electronics Co., Ltd. 4.25%
Intel Corporation 4.21%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 6/28/2022)4$0.2271
30-Day SEC Yield (as of 5/31/2022)50.80%
12-Month Distribution Rate (as of 5/31/2022)62.72%
Index Yield (as of 5/31/2022)71.45%
Fund Characteristics (as of 5/31/2022)9
Maximum Market Cap.$2,409,002
Median Market Cap.$18,338
Minimum Market Cap.$351
Price/Cash Flow9.91
Top Country Exposure (as of 6/27/2022)
Country Percent
United States 55.74%
Japan 8.64%
South Korea 8.54%
China 7.66%
Taiwan 5.47%
Germany 4.33%
The Netherlands 1.61%
Australia 1.28%
Sweden 1.17%
Canada 1.09%
Bid/Ask Premium/Discount (as of 6/27/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 169 36 29 ---
Days Traded at Discount 83 26 30 ---
Hypothetical Growth of $10,000 Since Inception (as of 6/27/2022) *