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2019 Estimated Capital Gain Distributions
Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or 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.
Investment Objective/Strategy - First Trust Global Engineering and Construction ETF 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 the Fund's fees and expenses, of the ISE Global Engineering and Construction Index.
There can be no assurance that the Fund's investment objectives will be achieved.
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The index specifically targets companies that are engaged in large civil and capital projects such as
infrastructure, utilities, transportation, telecommunications, commercial, residential, and commerce
facilities and whose roles are within the engineering, designing, planning, consulting, project
managing, and/or constructing of these projects.To be included in the index, a company must
receive at least 70% of revenues from these types of services and projects based on the reportable
segment/division from its most recent annual report.
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The companies must meet market capitalization and weighting concentration requirements for
inclusion in the index.
- The index uses a linear-based capitalization-weighted methodology for the group of companies.The
resulting linear weight distribution prevents a few large component stocks from dominating the
index while allowing smaller companies to adequately influence index performance.
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Index components are reviewed semi-annually for eligibility, and the weights are re-set according to
that distribution.
Ticker | FLM |
Fund Type | Foreign Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33736M103 |
ISIN | US33736M1036 |
Intraday NAV | FLMIV |
Fiscal Year-End | 09/30 |
Exchange | NYSE Arca |
Inception | 10/13/2008 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Rebalance Frequency | Semi-Annual |
Gross Expense Ratio* | 0.88% |
Net Expense Ratio* | 0.70% |
* As of 2/1/2019
Expenses are capped contractually at 0.70% per year, at least until January 31, 2020.
Closing NAV1 | $49.81 |
Closing Market Price2 | $49.60 |
Bid/Ask Midpoint | $49.59 |
Bid/Ask Discount | 0.44% |
Total Net Assets | $9,962,322 |
Outstanding Shares | 200,002 |
Daily Volume | 427 |
Average 30-Day Daily Volume | 1,228 |
Closing Market Price 52-Week High/Low | $52.05 / $43.16 |
Closing NAV 52-Week High/Low | $52.11 / $43.45 |
Number of Holdings (excluding cash) | 65 |
Maximum Market Cap. | $60,624 |
Median Market Cap. | $2,437 |
Minimum Market Cap. | $146 |
Price/Earnings | 11.59 |
Price/Book | 1.39 |
Price/Cash Flow | 7.91 |
Price/Sales | 0.40 |
Holding |
Percent |
Jacobs Engineering Group Inc. |
3.15% |
Vinci S.A. |
3.15% |
Bouygues S.A. |
3.12% |
Skanska AB (Class B) |
3.10% |
MasTec, Inc. |
3.04% |
Taisei Corporation |
3.00% |
Quanta Services, Inc. |
2.97% |
AECOM |
2.90% |
Eiffage SA |
2.86% |
Obayashi Corporation |
2.85% |
* Excluding cash.
Holdings are subject to change.
Country |
Percent |
Japan |
32.35% |
United States |
22.87% |
France |
9.16% |
Sweden |
5.29% |
Australia |
4.08% |
Spain |
3.99% |
Canada |
3.70% |
China |
3.33% |
The Netherlands |
3.09% |
United Kingdom |
2.45% |
Past performance is not indicative of future results.
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
15 |
0 |
0 |
0 |
6/30/2019 |
10 |
0 |
0 |
0 |
3/31/2019 |
39 |
2 |
0 |
0 |
12/31/2018 |
35 |
4 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
41 |
7 |
1 |
0 |
6/30/2019 |
49 |
4 |
0 |
0 |
3/31/2019 |
19 |
1 |
0 |
0 |
12/31/2018 |
23 |
1 |
0 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
Industrials
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95.11%
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Information Technology
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2.85%
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Energy
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1.26%
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Utilities
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0.78%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FLM |
14.50% |
-10.72 |
0.95 |
0.07 |
0.80 |
MSCI World Industrials Index |
13.89% |
-3.45 |
1.06 |
0.70 |
0.94 |
Russell 3000® Index |
12.35% |
--- |
1.00 |
1.01 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
MSCI World Industrials Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the industrials sector performance of 23 developed markets around the world. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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