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
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
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. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 8/5/2022)
Closing NAV1$27.47
Closing Market Price2$27.45
Bid/Ask Midpoint$27.47
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$196,392,626
Outstanding Shares7,150,002
Daily Volume26,152
Average 30-Day Daily Volume79,624
Closing Market Price 52-Week High/Low$32.60 / $24.70
Closing NAV 52-Week High/Low$32.59 / $24.72
Number of Holdings (excluding cash)144
Top Holdings (as of 8/4/2022)*
Holding Percent
Prologis, Inc. 8.82%
Equinix, Inc. 5.78%
Public Storage 4.60%
Realty Income Corporation 3.97%
Digital Realty Trust, Inc. 3.36%
Welltower Inc. 3.35%
Simon Property Group, Inc. 3.17%
VICI Properties Inc. 2.99%
AvalonBay Communities, Inc. 2.60%
Extra Space Storage Inc. 2.39%

* 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 8/7/2022)4$0.1391
30-Day SEC Yield (as of 6/30/2022)53.15%
Unsubsidized 30-Day SEC Yield (as of 6/30/2022)63.15%
12-Month Distribution Rate (as of 6/30/2022)72.06%
Index Yield (as of 6/30/2022)83.59%
Fund Characteristics (as of 7/29/2022)10
Maximum Market Cap.$98,140
Median Market Cap.$3,127
Minimum Market Cap.$145
Price/Earnings32.81
Price/Book2.33
Price/Cash Flow16.63
Price/Sales8.33
Bid/Ask Premium/Discount (as of 8/5/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 202 37 40 7
Days Traded at Discount 50 25 22 18
Top Sub-Industry Exposure (as of 8/4/2022)
Specialized REITs 24.59%
Residential REITs 19.76%
Industrial REITs 15.71%
Retail REITs 14.95%
Health Care REITs 10.50%
Office REITs 7.43%
Hotel & Resort REITs 3.54%
Diversified REITs 3.52%
Hypothetical Growth of $10,000 Since Inception (as of 8/4/2022) *


Month End Performance (as of 6/30/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) -16.97% -20.36% -6.49% 3.49% 4.74% 6.67% 4.36%
After Tax Held -17.16% -20.63% -7.16% 2.48% 3.63% 5.50% 3.29%
After Tax Sold -10.05% -12.04% -3.78% 2.23% 3.16% 4.75% 2.92%
Market Price -17.00% -20.38% -6.49% 3.51% 4.74% 6.69% 4.36%
Index Performance **
S&P United States REIT Index -16.88% -20.20% -6.20% 4.02% 5.26% 7.22% N/A
FTSE EPRA/NAREIT North America Index -17.29% -20.50% -7.20% 2.93% 4.69% 6.55% 4.47%
Russell 3000® Index -16.70% -21.10% -13.87% 9.77% 10.60% 12.57% 8.27%
Quarter End Performance (as of 6/30/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) -16.97% -20.36% -6.49% 3.49% 4.74% 6.67% 4.36%
After Tax Held -17.16% -20.63% -7.16% 2.48% 3.63% 5.50% 3.29%
After Tax Sold -10.05% -12.04% -3.78% 2.23% 3.16% 4.75% 2.92%
Market Price -17.00% -20.38% -6.49% 3.51% 4.74% 6.69% 4.36%
Index Performance **
S&P United States REIT Index -16.88% -20.20% -6.20% 4.02% 5.26% 7.22% N/A
FTSE EPRA/NAREIT North America Index -17.29% -20.50% -7.20% 2.93% 4.69% 6.55% 4.47%
Russell 3000® Index -16.70% -21.10% -13.87% 9.77% 10.60% 12.57%