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Investment Objective/Strategy - The First Trust S&P 500 Diversified Dividend Aristocrats ETF (the "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 500 Sector-Neutral Dividend Aristocrats Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (plus any borrowings for investment purposes) in the securities of the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the total return performance of the Index, which includes dividends paid by the common stocks in the Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The starting universe consists of all the securities comprising the S&P 500® Index.
- Only those securities with stable or increasing total dividend per share amounts every year for at least 15 consecutive years are eligible for inclusion.#
- The stocks are then ranked in their respective Global Industry Classification Standard (GICS®) sectors in descending order by their indicated annualized dividend yields.
- The index seeks to select 100 securities that meet its eligibility criteria.
- Within each sector, the index provider selects the eligible securities with the highest indicated annualized dividend yield until the number of securities is equivalent to 20% of the number of the securities comprising the sector in the S&P 500® Index.
- At each reconstitution and rebalance, the index seeks to mirror the sector weights of the S&P 500® Index, with constituents weighted by dividend yield within each GICS® sector.
- In addition, the weight for each index constituent is constrained between 0.25% and 4.00%.
- The index is reconstituted annually and rebalanced quarterly.
#Subject to a relaxation rule. The minimum dividend growth history should be at least five years.
Ticker | KNGZ |
Fund Type | Equity Income |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33738R738 |
ISIN | US33738R7382 |
Intraday NAV | KNGZIV |
Fiscal Year-End | 03/31 |
Exchange | Nasdaq |
Inception | 6/20/2017 |
Inception Price | $19.85 |
Inception NAV | $19.85 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.50% |
* As of 8/1/2024
Closing NAV1 | $34.22 |
Closing Market Price2 | $34.25 |
Bid/Ask Midpoint | $34.25 |
Bid/Ask Premium | 0.07% |
30-Day Median Bid/Ask Spread3 | 0.33% |
Total Net Assets | $39,351,192 |
Outstanding Shares | 1,150,002 |
Daily Volume | 14,217 |
Average 30-Day Daily Volume | 2,609 |
Closing Market Price 52-Week High/Low | $34.38 / $25.75 |
Closing NAV 52-Week High/Low | $34.37 / $25.78 |
Number of Holdings (excluding cash) | 96 |
Holding |
Percent |
International Business Machines Corporation |
4.74% |
Corning Incorporated |
3.73% |
HP Inc. |
3.63% |
Verizon Communications Inc. |
3.53% |
Texas Instruments Incorporated |
3.36% |
Hewlett Packard Enterprise Company |
3.09% |
The Interpublic Group of Companies, Inc. |
2.41% |
Accenture Plc |
2.26% |
Microchip Technology Incorporated |
2.15% |
Bristol-Myers Squibb Company |
2.14% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $3,198,436 |
Median Market Cap. | $46,905 |
Minimum Market Cap. | $8,231 |
Price/Earnings | 19.44 |
Price/Book | 2.99 |
Price/Cash Flow | 12.84 |
Price/Sales | 1.50 |
|
2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
205 |
53 |
44 |
47 |
Days Traded at Discount |
45 |
8 |
19 |
17 |
Information Technology
|
31.40%
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Financials
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12.12%
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Health Care
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11.92%
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Consumer Discretionary
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10.53%
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Communication Services
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9.47%
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Industrials
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8.42%
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Consumer Staples
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5.88%
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Energy
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3.59%
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Materials
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2.30%
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Utilities
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2.25%
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Real Estate
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2.12%
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Tracking Index: S&P 500® Sector-Neutral Dividend Aristocrats Index
Nasdaq Riskalyze US Large Cap Select Dividend™ Index - The Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying securities with above average yield. Nasdaq US 500 Large Cap™ Index - The Index is a float modified market capitalization weighted index that contains the top 500 securities from the NASDAQ US Benchmark™ Index. S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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