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First Trust NASDAQ Global Auto Index Fund (CARZ)
  • November 2, 2021 – First Trust Advisors L.P. (“FTA”) announced First Trust NASDAQ Global Auto Index Fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the S-Network Electric & Future Vehicle Ecosystem Index (the “New Index”). The Fund expects to begin tracking the New Index prior to the end of January 2022. Currently, 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 Global Auto Index(SM). The New Index will be composed of approximately 116 securities issued by companies that are materially engaged in the development and sales of electric and autonomous vehicle technologies. Additionally, at the time of the Fund’s change to the New Index, the Fund’s name is expected to change to First Trust SNetwork Electric & Future Vehicle Ecosystem ETF. The Fund’s shares will continue to be listed for trading on The Nasdaq Stock Market LLC and S-Network Global Indexes Inc. will serve as the Fund’s index provider. More information can be found here.
Investment Objective/Strategy - The First Trust NASDAQ Global Auto Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq Global Auto IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The index is a modified market-capitalization weighted index that includes securities of companies that are classified as an Automobile Manufacturer.
  • To be included in the index, a security must meet the following criteria:
    • listed on an index-eligible global stock exchange,
    • have a minimum worldwide market capitalization of at least $500 million,
    • have a minimum three-month average daily dollar trading volume of $1 million.
  • The index employs a modified market cap weighting methodology in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger stocks.
  • The index is reconstituted annually and rebalanced quarterly.
Fund Overview
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$29.88
Inception NAV$29.88
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 1/21/2022)
Closing NAV1$59.43
Closing Market Price2$59.56
Bid/Ask Midpoint$59.49
Bid/Ask Premium0.09%
30-Day Median Bid/Ask Spread30.75%
Total Net Assets$77,262,999
Outstanding Shares1,300,002
Daily Volume29,483
Average 30-Day Daily Volume24,661
Closing Market Price 52-Week High/Low$66.95 / $53.67
Closing NAV 52-Week High/Low$66.42 / $53.88
Number of Holdings (excluding cash)33
Top Holdings (as of 1/21/2022)*
Holding Percent
Toyota Motor Corporation 9.29%
Ford Motor Company 8.77%
General Motors Company 7.50%
Daimler AG 7.04%
Tesla, Inc. 6.72%
Volkswagen AG (Preference Shares) 4.72%
Porsche Automobil Holding SE 4.65%
Bayerische Motoren Werke (BMW) AG 4.58%
Honda Motor Co., Ltd. 4.51%
Nissan Motor Co., Ltd. 4.43%

* 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 1/23/2022)4$1.0570
30-Day SEC Yield (as of 12/31/2021)50.46%
12-Month Distribution Rate (as of 12/31/2021)62.26%
Index Yield (as of 12/31/2021)71.43%
Fund Characteristics (as of 12/31/2021)9
Maximum Market Cap.$1,063,564
Median Market Cap.$18,680
Minimum Market Cap.$663
Price/Cash Flow5.86
Top Country Exposure (as of 1/21/2022)
Country Percent
Japan 29.05%
United States 24.07%
Germany 20.99%
China 9.70%
South Korea 8.32%
Hong Kong 3.42%
France 2.84%
Taiwan 0.60%
Singapore 0.59%
United Kingdom 0.42%
Bid/Ask Premium/Discount (as of 1/21/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 169 14 --- ---
Days Traded at Discount 83 0 --- ---
Hypothetical Growth of $10,000 Since Inception (as of 1/20/2022) *