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First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)
  • 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 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 9/30/2022
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 12/8/2022)
Closing NAV1$40.77
Closing Market Price2$40.62
Bid/Ask Midpoint$40.63
Bid/Ask Discount0.34%
30-Day Median Bid/Ask Spread30.41%
Total Net Assets$26,159,317
Outstanding Shares641,608
Daily Volume7,944
Average 30-Day Daily Volume3,166
Closing Market Price 52-Week High/Low$54.36 / $35.08
Closing NAV 52-Week High/Low$54.12 / $35.04
Number of Holdings (excluding cash)32
Top Holdings (as of 12/8/2022)*
Holding Percent
Equinix, Inc. 7.62%
Digital Realty Trust, Inc. 6.79%
SBA Communications Corporation 6.75%
Prologis, Inc. 6.69%
American Tower Corporation 6.52%
Crown Castle Inc. 6.19%
Goodman Group 4.59%
Rexford Industrial Realty, Inc. 4.56%
Americold Realty Trust Inc. 4.51%
Segro Plc 4.45%

* 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 12/9/2022)4$0.2462
30-Day SEC Yield (as of 11/30/2022)52.44%
12-Month Distribution Rate (as of 11/30/2022)63.94%
Index Yield (as of 11/30/2022)72.99%
Fund Characteristics (as of 11/30/2022)9
Maximum Market Cap.$108,729
Median Market Cap.$5,432
Minimum Market Cap.$887
Price/Cash Flow10.76
Top Country Exposure (as of 12/8/2022)
Country Percent
United States 73.00%
United Kingdom 7.15%
Japan 7.10%
Australia 4.61%
Singapore 4.18%
Canada 2.06%
Belgium 1.18%
Hong Kong 0.72%
Bid/Ask Premium/Discount (as of 12/8/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 142 18 1 1
Days Traded at Discount 110 44 61 63
Top Sub-Industry Exposure (as of 12/8/2022)
Industrial REITs 50.36%
Data Centers REITs 15.35%
Industrial/Office Mixed REITs 2.00%
Diversified REITs 1.87%
Hypothetical Growth of $10,000 Since Inception (as of 12/8/2022) *