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First Trust India NIFTY 50 Equal Weight ETF (NFTY)
Investment Objective/Strategy - The First Trust India NIFTY 50 Equal Weight ETF (the "Fund"), formerly First Trust Taiwan AlphaDEX® 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 NIFTY 50 Equal Weight Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The NIFTY 50 Equal Weight Index is an equally weighted index that consists of the same companies as the NIFTY 50 Index, an index that tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.
  • The NIFTY 50 Equal Weight Index gives equal exposure to all 50 constituents. The same weight, or importance, is given to each stock in the index, allowing for the performance of smaller companies to contribute as much as the larger companies within the index.
  • To maintain the equal weight focus, the index is rebalanced quarterly and reconstituted semi-annually.
Fund Overview
Fund TypeIndia Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End12/31
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Expense Ratio0.80%
Current Fund Data (as of 9/29/2022)
Closing NAV1$42.69
Closing Market Price2$42.97
Bid/Ask Midpoint$42.87
Bid/Ask Premium0.42%
30-Day Median Bid/Ask Spread30.37%
Total Net Assets$42,686,109
Outstanding Shares1,000,002
Daily Volume1,439
Average 30-Day Daily Volume5,615
Closing Market Price 52-Week High/Low$51.39 / $40.00
Closing NAV 52-Week High/Low$50.95 / $40.29
Number of Holdings (excluding cash)51
Top Holdings (as of 9/29/2022)*
Holding Percent
Dr. Reddy's Laboratories Limited 2.09%
Sun Pharmaceutical Industries Limited 2.09%
Apollo Hospitals Enterprise Limited 2.08%
Mahindra & Mahindra Ltd. 2.05%
Nestle India Limited 2.05%
Oil and Natural Gas Corporation Limited 2.05%
Cipla Limited 2.04%
Eicher Motors Limited 2.04%
Hdfc Life Insurance Company Limited 2.04%
Power Grid Corporation of India Limited 2.04%

* 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 9/30/2022)4$0.2245
30-Day SEC Yield (as of 8/31/2022)50.77%
12-Month Distribution Rate (as of 8/31/2022)64.09%
Index Yield (as of 8/31/2022)72.02%
Fund Characteristics (as of 8/31/2022)9
Maximum Market Cap.$210,900
Median Market Cap.$21,187
Minimum Market Cap.$5,187
Price/Cash Flow13.40
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 106 16 19 24
Days Traded at Discount 146 46 43 39
Top Sector Exposure (as of 9/29/2022)
Financials 21.79%
Consumer Discretionary 13.98%
Materials 13.85%
Health Care 10.33%
Consumer Staples 10.12%
Information Technology 9.98%
Energy 7.98%
Industrials 5.89%
Utilities 4.06%
Communication Services 2.02%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *