Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 
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
TickerNFTY
Fund TypeIndia Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33737J802
ISINUS33737J8027
Intraday NAVNFTYIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception2/14/2012
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Total Expense Ratio*0.80%
* As of 5/1/2024
Current Fund Data (as of 10/4/2024)
Closing NAV1$62.69
Closing Market Price2$63.05
Bid/Ask Midpoint$63.04
Bid/Ask Premium0.55%
30-Day Median Bid/Ask Spread30.55%
Total Net Assets$288,362,850
Outstanding Shares4,600,002
Daily Volume43,134
Average 30-Day Daily Volume19,615
Closing Market Price 52-Week High/Low$65.45 / $46.65
Closing NAV 52-Week High/Low$65.01 / $46.83
Number of Holdings (excluding cash)50
Top Holdings (as of 10/4/2024)*
Holding Percent
JSW Steel Limited 2.16%
Hindalco Industries Limited 2.14%
Tata Steel Limited 2.12%
Grasim Industries Limited 2.11%
Sun Pharmaceutical Industries Limited 2.09%
Infosys Limited 2.07%
Tech Mahindra Ltd. 2.07%
Britannia Industries Limited 2.06%
State Bank of India 2.06%
Adani Enterprises Ltd 2.05%

* 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 10/7/2024)4$0.0612
30-Day SEC Yield (as of 9/30/2024)50.39%
12-Month Distribution Rate (as of 9/30/2024)60.22%
Index Yield (as of 9/30/2024)71.24%
Fund Characteristics (as of 9/30/2024)8
Maximum Market Cap.$238,482
Median Market Cap.$38,642
Minimum Market Cap.$12,355
Price/Earnings25.42
Price/Book4.26
Price/Cash Flow19.46
Price/Sales2.52
Bid/Ask Premium/Discount (as of 10/4/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 227 57 58 59
Days Traded at Discount 23 4 5 5
Top Sector Exposure (as of 10/4/2024)
Financials 21.64%
Consumer Discretionary 15.80%
Materials 12.47%
Information Technology 10.29%
Consumer Staples 9.96%
Health Care 8.09%
Energy 8.00%
Industrials 7.90%
Utilities 3.94%
Communication Services 1.91%
Hypothetical Growth of $10,000 Since Inception (as of 10/3/2024) *