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*0.50%
Net Expense Ratio*0.50%
* As of 5/1/2023
Expenses are capped contractually at 0.50% per year, at least through April 30, 2024. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 6/2/2023)
Closing NAV1$24.33
Closing Market Price2$24.34
Bid/Ask Midpoint$24.32
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$118,012,822
Outstanding Shares4,850,002
Daily Volume22,616
Average 30-Day Daily Volume31,093
Closing Market Price 52-Week High/Low$28.91 / $22.15
Closing NAV 52-Week High/Low$28.89 / $22.13
Number of Holdings (excluding cash)140
Top Holdings (as of 6/2/2023)*
Holding Percent
Prologis, Inc. 11.88%
Equinix, Inc. 7.22%
Public Storage 4.70%
Realty Income Corporation 3.86%
Welltower Inc. 3.69%
Simon Property Group, Inc. 3.59%
VICI Properties Inc. 3.27%
Digital Realty Trust, Inc. 3.12%
AvalonBay Communities, Inc. 2.61%
Equity Residential 2.21%

* 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 6/3/2023)4$0.2309
30-Day SEC Yield (as of 4/28/2023)53.73%
Unsubsidized 30-Day SEC Yield (as of 4/28/2023)63.70%
12-Month Distribution Rate (as of 4/28/2023)73.03%
Index Yield (as of 4/28/2023)84.55%
Fund Characteristics (as of 5/31/2023)10
Maximum Market Cap.$115,018
Median Market Cap.$2,076
Minimum Market Cap.$61
Price/Cash Flow13.62
Bid/Ask Premium/Discount (as of 6/2/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 125 21 6 ---
Days Traded at Discount 126 41 37 ---
Top Sub-Industry Exposure (as of 6/2/2023)
Industrial REITs 17.06%
Retail REITs 15.69%
Multi-Family Residential REITs 12.29%
Data Center REITs 10.36%
Health Care REITs 10.15%
Self-Storage REITs 9.24%
Single-Family Residential REITs 6.15%
Office REITs 5.31%
Hotel & Resort REITs 3.81%
Hypothetical Growth of $10,000 Since Inception (as of 6/1/2023) *