First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Investment Objective/Strategy - The First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund. 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 Nasdaq Technology Dividend Index™ (the "Index").
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • To be included in the Index, the security must be listed on The Nasdaq Stock Market LLC, the New York Stock Exchange, or the NYSE Amex and classified as a technology or telecommunications company according to Industry Classification Benchmark (ICB).
  • Each security must have a minimum market capitalization of $500 million, have a minimum three-month average daily dollar trading volume of $1 million, have paid a regular or common dividend within the past 12 months; have a yield of at least 0.5%; have not had a decrease in common dividends per share paid within past 12 months; and may not be issued by an issuer currently in bankruptcy proceedings.
  • The Index is evaluated semi-annually in March and September, but if at any time during the year other than the evaluation, an index security no longer meets the eligibility criteria, or is otherwise determined to have become ineligible for inclusion in the Index, the security is removed from the Index and is not replaced.
  • The Index employs a modified dividend value weighting methodology. At each evaluation, the Index securities are classified as technology or telecommunications based on their ICB classification. The technology securities are given a collective weight of 80% and the telecommunications securities are given a collective weight of 20% in the index. The Index weighting methodology includes caps to prevent high concentrations among larger stocks.
  • The Index is rebalanced quarterly.
Fund Overview
Fund TypeTechnology
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$19.92
Inception NAV$19.92
Rebalance FrequencyQuarterly
Expense Ratio*0.50%
* As of 2/1/2023
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
Current Fund Data (as of 9/29/2023)
Closing NAV1$56.07
Closing Market Price2$56.09
Bid/Ask Midpoint$56.08
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$1,940,142,050
Outstanding Shares34,605,000
Daily Volume120,173
Average 30-Day Daily Volume88,000
Closing Market Price 52-Week High/Low$60.15 / $42.80
Closing NAV 52-Week High/Low$60.14 / $42.77
Number of Holdings (excluding cash)84
Top Holdings (as of 9/29/2023)*
Holding Percent
Microsoft Corporation 8.20%
International Business Machines Corporation 8.14%
Texas Instruments Incorporated 8.06%
Broadcom Inc. 7.66%
Oracle Corporation 7.01%
QUALCOMM Incorporated 4.13%
Analog Devices, Inc. 3.40%
Motorola Solutions, Inc. 2.04%
NXP Semiconductors N.V. 2.04%
Comcast Corporation (Class A) 2.02%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2023)4

Among 228 funds in the Technology category. This fund was rated 4 stars/228 funds (3 years), 4 stars/202 funds (5 years), 3 stars/157 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 10/2/2023)5$0.2217
30-Day SEC Yield (as of 8/31/2023)61.99%
12-Month Distribution Rate (as of 8/31/2023)71.89%
Index Yield (as of 8/31/2023)82.62%
Fund Characteristics (as of 9/29/2023)9
Maximum Market Cap.$2,345,948
Median Market Cap.$15,715
Minimum Market Cap.$484
Price/Cash Flow10.58
Bid/Ask Premium/Discount (as of 9/29/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 168 40 50 55
Days Traded at Discount 83 22 12 8
Top Industry Exposure (as of 9/29/2023)
Semiconductors & Semiconductor Equipment 35.75%
Software 19.54%
IT Services 10.18%
Technology Hardware, Storage & Peripherals 7.06%
Diversified Telecommunication Services 6.96%
Communications Equipment 6.09%
Electronic Equipment, Instruments & Components 5.73%
Wireless Telecommunication Services 4.48%
Media 2.27%
Professional Services 1.49%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2023) *