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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
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.51%
Net Expense Ratio*0.50%
* As of 5/2/2022
Expenses are capped contractually at 0.50% per year, at least through April 30, 2023.
Current Fund Data (as of 10/3/2022)
Closing NAV1$23.43
Closing Market Price2$23.41
Bid/Ask Midpoint$23.41
Bid/Ask Discount0.09%
30-Day Median Bid/Ask Spread (as of 9/30/2022)30.07%
Total Net Assets$156,966,933
Outstanding Shares6,700,002
Daily Volume59,200
Average 30-Day Daily Volume73,941
Closing Market Price 52-Week High/Low$32.60 / $22.74
Closing NAV 52-Week High/Low$32.59 / $22.73
Number of Holdings (excluding cash)141
Top Holdings (as of 9/30/2022)*
Holding Percent
Prologis, Inc. 8.14%
Equinix, Inc. 5.60%
Public Storage 5.00%
Realty Income Corporation 3.89%
Welltower Inc. 3.22%
Simon Property Group, Inc. 3.18%
VICI Properties Inc. 3.11%
Digital Realty Trust, Inc. 3.08%
AvalonBay Communities, Inc. 2.79%
Extra Space Storage Inc. 2.50%

* 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 10/4/2022)4$0.1326
30-Day SEC Yield (as of 8/31/2022)53.12%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)63.10%
12-Month Distribution Rate (as of 8/31/2022)72.02%
Index Yield (as of 8/31/2022)83.88%
Fund Characteristics (as of 9/30/2022)10
Maximum Market Cap.$75,222
Median Market Cap.$2,476
Minimum Market Cap.$112
Price/Cash Flow13.07
Bid/Ask Premium/Discount (as of 10/3/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 202 37 40 31
Days Traded at Discount 50 25 22 33
Top Sub-Industry Exposure (as of 9/30/2022)
Specialized REITs 25.11%
Residential REITs 19.75%
Retail REITs 15.08%
Industrial REITs 14.88%
Health Care REITs 10.31%
Office REITs 7.42%
Diversified REITs 3.90%
Hotel & Resort REITs 3.55%
Hypothetical Growth of $10,000 Since Inception (as of 9/30/2022) *