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First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund (FFR)
  • May 14, 2021 – First Trust Advisors L.P.(“FTA”) announced that First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Alerian Disruptive Technology Real Estate Index (the “New Index”). Currently, the 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 FTSE EPRA/NAREIT Developed Index. Additionally, the Fund’s name is expected to change to First Trust Alerian Disruptive Technology Real Estate ETF and its new ticker symbol is expected to be DTRE. The Fund’s shares will continue to be listed for trading on NYSE Arca, Inc. and S-Network Global Indexes Inc. will serve as the Fund’s index provider. These changes will be implemented as soon as practicable after Fund shareholders approve certain matters by proxy related to these changes, including the approval of a new investment advisory agreement between the Fund and First Trust Advisors L.P., and a change in the Fund’s diversification status under the Investment Company Act of 1940. More information can be found here.
Investment Objective/Strategy - First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the FTSE EPRA/NAREIT Developed Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Index is designed to measure the stock performance of companies engaged in specific real estate activities of the North American, European and Asian real estate markets. Relevant real estate activities are defined as the ownership, trading and development of income-producing real estate.
  • The constituents of the Index are required to meet individual geographic criteria and are subject to size, liquidity, and free float screens.
  • The Index is a modified market capitalization weighted index, based on free float market capitalization. The Index is rebalanced and reconstituted quarterly.
Fund Overview
TickerFFR
Fund TypeGlobal REIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33736N101
ISINUS33736N1019
Intraday NAVFFRIV
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception8/27/2007
Inception Price$50.00
Inception NAV$50.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.85%
Net Expense Ratio*0.60%
* As of 2/1/2021
Expenses are capped contractually at 0.60% per year, at least until January 31, 2022.
Current Fund Data (as of 1/21/2022)
Closing NAV1$50.78
Closing Market Price2$50.86
Bid/Ask Midpoint$50.86
Bid/Ask Premium0.16%
30-Day Median Bid/Ask Spread30.36%
Total Net Assets$35,121,422
Outstanding Shares691,608
Daily Volume4,924
Average 30-Day Daily Volume3,311
Closing Market Price 52-Week High/Low$54.36 / $43.46
Closing NAV 52-Week High/Low$54.12 / $43.47
Number of Holdings (excluding cash)380
Top Holdings (as of 1/21/2022)*
Holding Percent
Prologis, Inc. 5.84%
Equinix, Inc. 3.28%
Public Storage 2.71%
Simon Property Group, Inc. 2.44%
Digital Realty Trust, Inc. 2.21%
Vonovia SE 2.13%
Realty Income Corporation 1.96%
Welltower Inc. 1.94%
AvalonBay Communities, Inc. 1.72%
Equity Residential 1.65%

* 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 1/23/2022)4$1.0969
30-Day SEC Yield (as of 12/31/2021)52.34%
Unsubsidized 30-Day SEC Yield (as of 12/31/2021)62.05%
12-Month Distribution Rate (as of 12/31/2021)72.65%
Index Yield (as of 12/31/2021)80.23%
Fund Characteristics (as of 12/31/2021)10
Maximum Market Cap.$124,473
Median Market Cap.$3,037
Minimum Market Cap.$264
Price/Earnings21.53
Price/Book1.66
Price/Cash Flow15.77
Price/Sales8.12
Top Country Exposure (as of 1/21/2022)
Country Percent
United States 60.40%
Japan 9.10%
Hong Kong 4.76%
United Kingdom 4.67%
Australia 3.52%
Germany 3.29%
Singapore 3.11%
Canada 2.95%
Sweden 2.44%
France 1.41%
Bid/Ask Premium/Discount (as of 1/21/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 142 11 --- ---
Days Traded at Discount 110 3 --- ---
Top Sub-Industry Exposure (as of 1/21/2022)
Diversified REITs 19.06%
Residential REITs 17.69%
Industrial REITs 14.56%
Retail REITs 13.19%
Office REITs 9.93%
Healthcare REITs 7.27%
Data Centers REITs 6.22%
Self Storage REITs 5.93%
Lodging/Resorts REITs 2.26%
Industrial/Office Mixed REITs 2.14%
Hypothetical Growth of $10,000 Since Inception (as of 1/20/2022) *