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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.
  • 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
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.52%
Net Expense Ratio*0.50%
* As of 5/3/2021
Expenses are capped contractually at 0.50% per year, at least until April 30, 2022.
Current Fund Data (as of 6/24/2021)
Closing NAV1$28.21
Closing Market Price2$28.20
Bid/Ask Midpoint$28.22
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread (as of 6/23/2021)30.07%
Total Net Assets$110,031,066
Outstanding Shares3,900,002
Daily Volume12,801
Average 30-Day Daily Volume21,548
Closing Market Price 52-Week High/Low$29.16 / $20.34
Closing NAV 52-Week High/Low$29.15 / $20.34
Number of Holdings (excluding cash)152
Top Holdings (as of 6/24/2021)*
Holding Percent
Prologis, Inc. 7.97%
Equinix, Inc. 6.20%
Public Storage 4.08%
Simon Property Group, Inc. 3.81%
Digital Realty Trust, Inc. 3.75%
Welltower Inc. 3.10%
AvalonBay Communities, Inc. 2.63%
Equity Residential 2.40%
Alexandria Real Estate Equities, Inc. 2.24%
Realty Income Corporation 2.22%

* 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 6/25/2021)4$0.1091
30-Day SEC Yield (as of 5/28/2021)52.63%
Unsubsidized 30-Day SEC Yield (as of 5/28/2021)62.61%
12-Month Distribution Rate (as of 5/28/2021)72.24%
Index Yield (as of 5/28/2021)83.17%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 5/28/2021)10
Maximum Market Cap.$87,175
Median Market Cap.$3,346
Minimum Market Cap.$130
Price/Cash Flow19.97
Bid/Ask Premium/Discount (as of 6/24/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 35 56 ---
Days Traded at Discount 141 26 3 ---
Top Sub-Industry Exposure (as of 6/24/2021)
Specialized REITs 23.97%
Residential REITs 18.65%
Industrial REITs 14.35%
Retail REITs 13.30%
Health Care REITs 11.15%
Office REITs 9.59%
Diversified REITs 5.14%
Hotel & Resort REITs 3.85%
Hypothetical Growth of $10,000 Since Inception (as of 6/23/2021) *

Month End Performance (as of 5/28/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance