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.
Index Description According to the Index Provider
  • The index begins with a universe of common stocks and depositary receipts of future vehicles companies and technology companies listed on a recognized global securities exchange and engaged in the electric and autonomous vehicle manufacturing; enabling materials; or enabling technologies sectors.
  • Each company is classified as either "Pure-Play" or "Diversified":
    • Pure-Play companies – companies that derive at least 50% of their revenue from business activities related to the sectors above.
    • Diversified companies – companies that fulfill the following criteria: derive more than 20% of their total revenues and such revenues are independently reported in their financial reports from business activities related to the sectors above; applicable revenues are likely to have a material impact on their overall share price performance; research and development investments in the technology are at the forefront of their future initiatives; or their applicable business is likely to have a significant impact on one of the above sectors as a whole.
  • 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.
  • Companies are ranked in order of float adjusted market capitalization. The top 100 eligible Pure Play companies will be selected for inclusion in the index. If there are less than 100 Pure-Play companies, eligible Diversified companies will be selected. Securities are weighted by float-adjusted market capitalization.
    • 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 Ratio*0.70%
* As of 2/1/2024
Current Fund Data (as of 7/12/2024)
Closing NAV1$63.06
Closing Market Price2$63.00
Bid/Ask Midpoint$62.78
Bid/Ask Discount0.44%
30-Day Median Bid/Ask Spread30.84%
Total Net Assets$37,833,754
Outstanding Shares600,002
Daily Volume2,534
Average 30-Day Daily Volume1,893
Closing Market Price 52-Week High/Low$63.00 / $46.67
Closing NAV 52-Week High/Low$63.18 / $46.84
Number of Holdings (excluding cash)102
Top Holdings (as of 7/12/2024)*
Holding Percent
NVIDIA Corporation 5.97%
Tesla, Inc. 5.95%
Apple Inc. 5.51%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 5.33%
Alphabet Inc. (Class A) 4.86%
Advanced Micro Devices, Inc. 4.46%
Microsoft Corporation 4.44%
Samsung Electronics Co., Ltd. 4.15%
QUALCOMM Incorporated 3.28%
Texas Instruments Incorporated 2.67%

* 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 7/14/2024)4$0.2658
30-Day SEC Yield (as of 6/28/2024)50.60%
12-Month Distribution Rate (as of 6/28/2024)61.04%
Index Yield (as of 6/28/2024)71.33%
Fund Characteristics (as of 6/28/2024)8
Maximum Market Cap.$3,321,869
Median Market Cap.$13,163
Minimum Market Cap.$118
Price/Cash Flow11.28
Top Country Exposure (as of 7/12/2024)
Country Percent
United States 59.96%
South Korea 8.12%
Japan 6.09%
Taiwan 5.34%
China 4.22%
Germany 2.99%
France 2.73%
The Netherlands 1.88%
Switzerland 1.26%
United Kingdom 0.86%
Bid/Ask Premium/Discount (as of 7/12/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 80 7 4 0
Days Traded at Discount 170 54 59 9
Hypothetical Growth of $10,000 Since Inception (as of 7/11/2024) *