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.
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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.
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All securities added to the S&P United States REIT Index must meet certain liquidity and market capitalization requirements.
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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.
Ticker | FRI |
Fund Type | REIT |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33734G108 |
ISIN | US33734G1085 |
Intraday NAV | FRIIV |
Fiscal Year-End | 12/31 |
Exchange | NYSE Arca |
Inception | 5/8/2007 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Rebalance Frequency | Quarterly |
Gross Expense Ratio* | 0.51% |
Net Expense Ratio* | 0.50% |
* As of 5/1/2020
Expenses are capped contractually at 0.50% per year, at least until April 30, 2021.
Closing NAV1 | $24.99 |
Closing Market Price2 | $25.01 |
Bid/Ask Midpoint | $25.00 |
Bid/Ask Premium | 0.04% |
30-Day Median Bid/Ask Spread3 | 0.37% |
Total Net Assets | $81,233,498 |
Outstanding Shares | 3,250,002 |
Daily Volume | 16,922 |
Average 30-Day Daily Volume | 33,004 |
Closing Market Price 52-Week High/Low | $27.47 / $15.54 |
Closing NAV 52-Week High/Low | $27.46 / $15.62 |
Number of Holdings (excluding cash) | 150 |
Holding |
Percent |
Prologis, Inc. |
7.79% |
Equinix, Inc. |
5.81% |
Simon Property Group, Inc. |
3.98% |
Digital Realty Trust, Inc. |
3.86% |
Public Storage |
3.76% |
Welltower Inc. |
3.13% |
AvalonBay Communities, Inc. |
2.64% |
Equity Residential |
2.42% |
Realty Income Corporation |
2.23% |
Ventas, Inc. |
2.14% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $76,288 |
Median Market Cap. | $2,813 |
Minimum Market Cap. | $125 |
Price/Earnings | 36.46 |
Price/Book | 2.17 |
Price/Cash Flow | 16.27 |
Price/Sales | 7.25 |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
112 |
18 |
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--- |
Days Traded at Discount |
141 |
18 |
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Specialized REITs
|
22.97%
|
Residential REITs
|
18.09%
|
Industrial REITs
|
14.02%
|
Retail REITs
|
13.55%
|
Health Care REITs
|
12.16%
|
Office REITs
|
9.89%
|
Diversified REITs
|
4.96%
|
Hotel & Resort REITs
|
4.36%
|
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FRI |
19.82% |
-4.91 |
0.81 |
0.24 |
0.80 |
FTSE EPRA/NAREIT North America Index |
21.04% |
-5.79 |
0.86 |
0.22 |
0.80 |
Russell 3000® Index |
19.57% |
--- |
1.00 |
0.61 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
FTSE EPRA/NAREIT North America Index - The Index is modified market cap weighted based on free float market capitalization and tracks the performance of listed real estate companies or REITs in North America. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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