|
|
 |
|
-
May 14, 2021 – First Trust Advisors L.P. (“FTA”) announced that, First Trust Global Engineering and Construction ETF will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Alerian US NextGen Infrastructure 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 ISE Global Engineering and Construction Index. Additionally, the Fund’s name is expected to change to First Trust Alerian US NextGen Infrastructure ETF and its new ticker symbol is expected to be RBLD. 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. More information can be found here.
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.
-
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.
-
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.
-
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 Corp |
| 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* | 1.43% |
| Net Expense Ratio* | 0.70% |
* As of 2/1/2021
Expenses are capped contractually at 0.70% per year, at least until January 31, 2022.
| Closing NAV1 | $52.75 |
| Closing Market Price2 | $52.69 |
| Bid/Ask Midpoint | $52.68 |
| Bid/Ask Discount | 0.13% |
| 30-Day Median Bid/Ask Spread3 | 0.53% |
| Total Net Assets | $10,549,762 |
| Outstanding Shares | 200,002 |
| Daily Volume | 11,779 |
| Average 30-Day Daily Volume | 1,520 |
| Closing Market Price 52-Week High/Low | $59.36 / $48.77 |
| Closing NAV 52-Week High/Low | $59.19 / $48.69 |
| Number of Holdings (excluding cash) | 59 |
| Holding |
Percent |
| Vinci S.A. |
3.82% |
| Taisei Corporation |
3.35% |
| Eiffage SA |
3.27% |
| Bouygues S.A. |
3.17% |
| AECOM |
3.08% |
| Jacobs Engineering Group Inc. |
2.92% |
| Skanska AB (Class B) |
2.89% |
| ACS, Actividades de Construccion y Servicios, S.A. |
2.87% |
| Kajima Corporation |
2.82% |
| KBR, Inc. |
2.80% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
| Maximum Market Cap. | $60,001 |
| Median Market Cap. | $3,017 |
| Minimum Market Cap. | $424 |
| Price/Earnings | 13.75 |
| Price/Book | 1.41 |
| Price/Cash Flow | 8.17 |
| Price/Sales | 0.45 |
| Country |
Percent |
| Japan |
31.20% |
| United States |
23.35% |
| France |
10.29% |
| Sweden |
5.06% |
| Canada |
4.68% |
| Spain |
4.15% |
| The Netherlands |
4.07% |
| South Korea |
3.35% |
| Australia |
2.81% |
| Ireland |
2.45% |
|
|
2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
| Days Traded at Premium |
159 |
9 |
--- |
--- |
| Days Traded at Discount |
93 |
7 |
--- |
--- |
|
Industrials
|
99.37%
|
|
Utilities
|
0.57%
|
|
Energy
|
0.06%
|
|
|
| | |