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First Trust Global Engineering and Construction ETF (FLM)
  • 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.
Fund Overview
TickerFLM
Fund TypeForeign Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33736M103
ISINUS33736M1036
Intraday NAVFLMIV
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception10/13/2008
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencySemi-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.
Current Fund Data (as of 9/22/2021)
Closing NAV1$54.88
Closing Market Price2$55.00
Bid/Ask Midpoint$54.99
Bid/Ask Premium0.20%
30-Day Median Bid/Ask Spread (as of 9/21/2021)30.50%
Total Net Assets$10,976,772
Outstanding Shares200,002
Daily Volume327
Average 30-Day Daily Volume1,813
Closing Market Price 52-Week High/Low$59.36 / $40.85
Closing NAV 52-Week High/Low$59.19 / $40.91
Number of Holdings (excluding cash)59
Top Holdings (as of 9/22/2021)*
Holding Percent
Quanta Services, Inc. 4.08%
Kingspan Group Plc 3.93%
Bouygues S.A. 3.34%
Vinci S.A. 3.19%
Jacobs Engineering Group Inc. 3.14%
AECOM 3.06%
Skanska AB (Class B) 2.87%
Eiffage SA 2.76%
KBR, Inc. 2.71%
Taisei Corporation 2.64%

* 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 9/23/2021)4$0.1370
30-Day SEC Yield (as of 8/31/2021)51.25%
Unsubsidized 30-Day SEC Yield (as of 8/31/2021)-0.67%
12-Month Distribution Rate (as of 8/31/2021)61.51%
Index Yield (as of 8/31/2021)72.41%
Fund Characteristics (as of 8/31/2021)9
Maximum Market Cap.$61,535
Median Market Cap.$3,336
Minimum Market Cap.$516
Price/Earnings13.81
Price/Book1.46
Price/Cash Flow8.92
Price/Sales0.46
Top Country Exposure (as of 9/22/2021)
Country Percent
Japan 29.75%
United States 23.62%
France 9.35%
Canada 5.32%
Sweden 5.15%
South Korea 4.06%
The Netherlands 4.01%
Ireland 3.95%
Spain 3.40%
Australia 3.03%
Bid/Ask Premium/Discount (as of 9/22/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 109 45 46 39
Days Traded at Discount 144 16 17 19
Top Sector Exposure (as of 9/22/2021)
Industrials 99.27%
Utilities 0.69%
Energy 0.04%
Hypothetical Growth of $10,000 Since Inception (as of 9/21/2021) *