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First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD)
Investment Objective/Strategy - The First Trust Alerian U.S. NextGen Infrastructure ETF (the "Fund"), formerly First Trust Global Engineering and Construction ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Alerian U.S. NextGen Infrastructure Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts ("REITs") that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and is developed, maintained and sponsored by VettaFi LLC ("VettaFi" or the "Index Provider"). The Index Provider retains the right at any time, upon prior written notice, to modify the Index methodology.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The index begins with a universe of common stocks and real estate investment trusts (“REITs”) of companies in the S-Network U.S. Equity WR 3000 Index that comprise the U.S. infrastructure industry, as defined by Alerian, the index provider.
  • To be eligible for the index, each security must meet the following criteria:
    • Minimum market capitalization of $500 million;
    • Float adjusted market capitalization value of at least $100 million;
    • Minimum free float factor of 20%;
    • Three-month average daily trading value of at least $5 million.
  • The top 100 stocks are selected based on market capitalization and are weighted equally.
  • The index is rebalanced and reconstituted quarterly.
Fund Overview
Fund TypeInfrastructure
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Expense Ratio*0.65%
* As of 2/1/2024
Current Fund Data (as of 4/15/2024)
Closing NAV1$60.12
Closing Market Price2$60.15
Bid/Ask Midpoint$60.09
Bid/Ask Discount0.05%
30-Day Median Bid/Ask Spread (as of 4/12/2024)30.21%
Total Net Assets$9,018,710
Outstanding Shares150,002
Daily Volume391
Average 30-Day Daily Volume1,127
Closing Market Price 52-Week High/Low$62.27 / $48.48
Closing NAV 52-Week High/Low$62.25 / $48.48
Number of Holdings (excluding cash)101
Top Holdings (as of 4/15/2024)*
Holding Percent
Vistra Corp. 1.63%
Constellation Energy Corporation 1.53%
Vertiv Group Corp 1.50%
General Electric Company 1.38%
NRG Energy, Inc. 1.34%
Targa Resources Corp. 1.28%
Eaton Corporation Plc 1.20%
Advanced Drainage Systems, Inc. 1.17%
Caterpillar Inc. 1.16%
PACCAR Inc 1.16%

* 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 4/16/2024)4$0.1587
30-Day SEC Yield (as of 3/28/2024)51.39%
12-Month Distribution Rate (as of 3/28/2024)61.18%
Index Yield (as of 3/28/2024)71.97%
Fund Characteristics (as of 3/28/2024)8
Maximum Market Cap.$191,901
Median Market Cap.$31,221
Minimum Market Cap.$9,168
Price/Cash Flow12.40
Bid/Ask Premium/Discount (as of 4/15/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 55 23 4 ---
Days Traded at Discount 195 38 7 ---
Top Industry Exposure (as of 4/15/2024)
Machinery 18.78%
Electric Utilities 15.55%
Building Products 10.36%
Multi-Utilities 9.21%
IT Services 7.11%
Electrical Equipment 6.82%
Metals & Mining 5.23%
Oil, Gas & Consumable Fuels 5.14%
Specialized REITs 4.21%
Energy Equipment & Services 3.02%
Hypothetical Growth of $10,000 Since Inception (as of 4/12/2024) *