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First Trust S&P REIT Index Fund (FRI)
Investment Objective/Strategy - The First Trust S&P REIT Index Fund is an exchange-traded fund. This exchange-traded 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 S&P United States REIT Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The S&P United States REIT Index measures the investable U.S. real estate investment trust market and maintains a constituency that reflects the market's overall composition.
  • All securities added to the S&P United States REIT Index must meet certain liquidity and market capitalization requirements.
  • The Standard & Poor's Index Committee, a team of Standard & Poor's economists and index analysts, maintains the S&P United States REIT Index. Maintenance includes implementation of daily corporate actions, quarterly updates of significant events, and annual portfolio reconstitution each September. Share adjustments that exceed 5% are made at the time of the change. Share adjustments of less than 5% are made on a quarterly basis.
Fund Overview
TickerFRI
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734G108
ISINUS33734G1085
Intraday NAVFRIIV
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception5/8/2007
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Total Expense Ratio*0.53%
Net Expense Ratio*0.50%
* As of 5/1/2024
Expenses are capped contractually at 0.50% per year, at least through April 30, 2025.
Current Fund Data (as of 1/17/2025)
Closing NAV1$27.36
Closing Market Price2$27.36
Bid/Ask Midpoint$27.35
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$168,249,169
Outstanding Shares6,150,002
Daily Volume88,263
Average 30-Day Daily Volume68,982
Closing Market Price 52-Week High/Low$30.19 / $23.82
Closing NAV 52-Week High/Low$30.18 / $23.82
Number of Holdings (excluding cash)137
Top Holdings (as of 1/17/2025)*
Holding Percent
Prologis, Inc. 8.85%
Equinix, Inc. 7.71%
Welltower Inc. 6.67%
Digital Realty Trust, Inc. 4.66%
Simon Property Group, Inc. 4.66%
Realty Income Corporation 4.17%
Public Storage 4.07%
Iron Mountain Incorporated 2.80%
Extra Space Storage Inc. 2.79%
AvalonBay Communities, Inc. 2.70%

* 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 1/20/2025)4$0.4349
30-Day SEC Yield (as of 12/31/2024)53.48%
Unsubsidized 30-Day SEC Yield (as of 12/31/2024)63.46%
12-Month Distribution Rate (as of 12/31/2024)73.33%
Index Yield (as of 12/31/2024)84.12%
Fund Characteristics (as of 12/31/2024)9
Maximum Market Cap.$97,897
Median Market Cap.$2,891
Minimum Market Cap.$144
Price/Earnings34.61
Price/Book2.12
Price/Cash Flow16.35
Price/Sales6.76
Bid/Ask Premium/Discount (as of 1/17/2025)
  2024 Q1 2025 Q2 2025 Q3 2025
Days Traded at Premium 172 3 --- ---
Days Traded at Discount 80 8 --- ---
Top Sub-Industry Exposure (as of 1/17/2025)
Retail REITs 16.95%
Health Care REITs 14.96%
Industrial REITs 13.25%
Data Center REITs 12.40%
Multi-Family Residential REITs 10.93%
Self-Storage REITs 7.92%
Single-Family Residential REITs 5.08%
Office REITs 4.27%
Hotel & Resort REITs 3.05%
Hypothetical Growth of $10,000 Since Inception (as of 1/17/2025) *