First Trust S-Network Future Vehicles & Technology ETF (CARZ)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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 1/25/2022
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 11/25/2022)
Closing NAV1$45.10
Closing Market Price2$44.81
Bid/Ask Midpoint$44.88
Bid/Ask Discount0.50%
30-Day Median Bid/Ask Spread30.84%
Total Net Assets$42,843,356
Outstanding Shares950,002
Daily Volume417
Average 30-Day Daily Volume5,881
Closing Market Price 52-Week High/Low$66.95 / $38.80
Closing NAV 52-Week High/Low$66.42 / $38.84
Number of Holdings (excluding cash)101
Top Holdings (as of 11/23/2022)*
Holding Percent
NVIDIA Corporation 5.49%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 4.89%
Samsung Electronics Co., Ltd. 4.69%
Texas Instruments Incorporated 4.61%
Apple Inc. 4.20%
Microsoft Corporation 4.20%
Alphabet Inc. (Class A) 3.95%
Tesla, Inc. 3.28%
QUALCOMM Incorporated 2.90%
Toyota Motor Corporation 2.82%

* 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 11/26/2022)4$0.1148
30-Day SEC Yield (as of 10/31/2022)51.24%
12-Month Distribution Rate (as of 10/31/2022)63.53%
Index Yield (as of 10/31/2022)71.69%
Fund Characteristics (as of 10/31/2022)9
Maximum Market Cap.$2,439,351
Median Market Cap.$13,920
Minimum Market Cap.$512
Price/Cash Flow8.44
Top Country Exposure (as of 11/23/2022)
Country Percent
United States 56.28%
South Korea 9.43%
Japan 6.68%
Taiwan 5.50%
China 5.34%
Germany 3.74%
The Netherlands 2.19%
France 1.65%
Australia 1.62%
Canada 1.07%
Bid/Ask Premium/Discount (as of 11/25/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 169 36 31 21
Days Traded at Discount 83 26 31 43
Hypothetical Growth of $10,000 Since Inception (as of 11/23/2022) *