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First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)
Investment Objective/Strategy - The First Trust Alerian Disruptive Technology Real Estate ETF, formerly First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 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 Alerian Disruptive Technology Real Estate Index. The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks, real estate investment trusts ("REITs") 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 real estate investment trusts (“REITs”) and depositary receipts of companies listed on a global securities exchange that are constituents of the S-Network Global 5000 Index or the S-Network Global REIT Index that derive at least 50 percent of their revenues from the following disruptive technology business segments:
    • Rapid Data Transfer
    • Distributed Data Handling
    • E-Commerce Warehousing
  • To be eligible for the index, each security must meet the following criteria:
    • Minimum market capitalization of $500 million;
    • Three-month average daily trading value of at least $5 million;
    • Float adjusted market capitalization value of at least $100 million;
    • Minimum free float of 18% of shares outstanding.
  • Each eligible security is selected for the index and weighted by their three-month average daily trading values.
    • The maximum weight assigned to a single security is 10%.
  • The index is rebalanced and reconstituted quarterly
Fund Overview
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception Price$50.00
Inception NAV$50.00
Rebalance FrequencyQuarterly
Expense Ratio*0.60%
* As of 2/1/2023
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
Current Fund Data (as of 9/22/2023)
Closing NAV1$38.50
Closing Market Price2$38.38
Bid/Ask Midpoint$38.38
Bid/Ask Discount0.31%
30-Day Median Bid/Ask Spread30.84%
Total Net Assets$20,854,276
Outstanding Shares541,608
Daily Volume2,696
Average 30-Day Daily Volume1,167
Closing Market Price 52-Week High/Low$44.92 / $35.08
Closing NAV 52-Week High/Low$45.08 / $35.04
Number of Holdings (excluding cash)26
Top Holdings (as of 9/22/2023)*
Holding Percent
Digital Realty Trust, Inc. 7.59%
Equinix, Inc. 6.65%
Prologis, Inc. 6.54%
American Tower Corporation 6.15%
SBA Communications Corporation 6.00%
Crown Castle Inc. 5.80%
STAG Industrial, Inc. 5.02%
Rexford Industrial Realty, Inc. 5.01%
Americold Realty Trust Inc. 4.83%
Terreno Realty Corporation 4.75%

* 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 9/24/2023)4$0.1623
30-Day SEC Yield (as of 8/31/2023)52.57%
12-Month Distribution Rate (as of 8/31/2023)62.74%
Index Yield (as of 8/31/2023)73.58%
Fund Characteristics (as of 8/31/2023)8
Maximum Market Cap.$114,744
Median Market Cap.$6,363
Minimum Market Cap.$1,282
Price/Cash Flow16.76
Top Country Exposure (as of 9/22/2023)
Country Percent
United States 78.45%
Japan 8.36%
Singapore 5.96%
United Kingdom 4.93%
Hong Kong 1.46%
Belgium 0.84%