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
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*0.50%
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.
Current Fund Data (as of 2/26/2024)
Closing NAV1$25.22
Closing Market Price2$25.23
Bid/Ask Midpoint$25.21
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread (as of 2/23/2024)30.08%
Total Net Assets$118,512,713
Outstanding Shares4,700,002
Daily Volume20,075
Average 30-Day Daily Volume28,161
Closing Market Price 52-Week High/Low$26.67 / $21.37
Closing NAV 52-Week High/Low$26.68 / $21.38
Number of Holdings (excluding cash)134
Top Holdings (as of 2/23/2024)*
Holding Percent
Prologis, Inc. 11.84%
Equinix, Inc. 7.97%
Welltower Inc. 4.97%
Simon Property Group, Inc. 4.72%
Public Storage 4.33%
Realty Income Corporation 4.23%
Digital Realty Trust, Inc. 4.01%
VICI Properties Inc. 2.99%
Extra Space Storage Inc. 2.85%
AvalonBay Communities, Inc. 2.40%

* 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 2/27/2024)4$0.2802
30-Day SEC Yield (as of 1/31/2024)53.68%
Unsubsidized 30-Day SEC Yield (as of 1/31/2024)63.65%
12-Month Distribution Rate (as of 1/31/2024)73.39%
Index Yield (as of 1/31/2024)84.22%
Fund Characteristics (as of 1/31/2024)9
Maximum Market Cap.$117,058
Median Market Cap.$2,428
Minimum Market Cap.$57
Price/Earnings33.81
Price/Book1.97
Price/Cash Flow15.23
Price/Sales6.46
Bid/Ask Premium/Discount (as of 2/26/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 95 26 --- ---
Days Traded at Discount 155 12 --- ---
Top Sub-Industry Exposure (as of 2/23/2024)
Industrial REITs 16.85%
Retail REITs 16.65%
Data Center REITs 12.01%
Multi-Family Residential REITs 10.52%
Health Care REITs 10.46%
Self-Storage REITs 8.41%
Single-Family Residential REITs 5.80%
Office REITs 5.75%
Hotel & Resort REITs 3.89%
Hypothetical Growth of $10,000 Since Inception (as of 2/23/2024) *