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Investment Objective/Strategy - The First Trust Bloomberg Artificial Intelligence ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Bloomberg Artificial Intelligence Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Bloomberg Artificial Intelligence Index is constructed to track the performance of companies that develop or facilitate solutions such as deep learning, machine learning, natural language processing, and image and speech recognition utilizing data from Bloomberg Intelligence (“BI”).
- The index begins with a universe of all the securities comprising the Bloomberg World Aggregate Universe within the Artificial Intelligence ecosystem, as determined by BI.
- Companies are scored based on the sum of combined Revenue and Theme Assessments which reflect a company’s near-term revenue exposure to AI and, positioning and ability to execute within the AI competitive landscape, according to BI.
- These companies are then assigned a Gold Tier or Silver Tier. Only companies within the Gold Tier, which have the highest exposure to AI, are eligible for index inclusion.
- A company must belong to at least one or more of the following Exposure Categories within the Artificial Intelligence Ecosystem, as determined by BI:
- Application Software – Companies that provide AI application software development
- Infrastructure Software – Companies that provide AI infrastructure software development
- Hyperscaler – Companies integral to AI proliferation across multiple business layers
- Hardware – Companies that provide AI hardware and storage
- Semiconductors – Companies that provide semiconductor solutions for AI
- A security must also meet minimum issuer free float market capitalization and liquidity requirements, and be listed on a Bloomberg Global Equity Index (excluding the Shanghai or Shenzhen Stock Connect exchanges).
- Securities are sorted by their Revenue Assessment in ascending order and by issuer free float market capitalization in descending order.
- The top 50 securities in the sorted list are selected for inclusion in the index.
- The securities are weighted according to a modified market capitalization that adjusts for their Revenue Assessment and issuer free float market capitalization.
- The index is rebalanced and reconstituted quarterly.
Ticker | FAI |
Fund Type | Technology |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33734X739 |
ISIN | US33734X7396 |
Fiscal Year-End | 09/30 |
Exchange | NYSE Arca |
Inception | 11/20/2024 |
Inception Price | $29.84 |
Inception NAV | $29.84 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.65% |
* As of 11/21/2024
Closing NAV1 | $32.04 |
Closing Market Price2 | $32.09 |
Bid/Ask Midpoint | $32.10 |
Bid/Ask Premium | 0.19% |
30-Day Median Bid/Ask Spread3 | 0.22% |
Total Net Assets | $1,602,103 |
Outstanding Shares | 50,002 |
Daily Volume | 1,762 |
Closing Market Price 52-Week High/Low | $32.10 / $29.84 |
Closing NAV 52-Week High/Low | $32.04 / $29.84 |
Number of Holdings (excluding cash) | 50 |
Holding |
Percent |
Amazon.com, Inc. |
8.78% |
Alphabet Inc. (Class A) |
8.32% |
NVIDIA Corporation |
7.93% |
Microsoft Corporation |
7.68% |
Meta Platforms Inc. (Class A) |
7.54% |
Palantir Technologies Inc. (Class A) |
4.54% |
ServiceNow, Inc. |
4.44% |
Adobe Incorporated |
3.84% |
Taiwan Semiconductor Manufacturing Company Ltd. |
3.75% |
Oracle Corporation |
3.72% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $3,385,743 |
Median Market Cap. | $59,621 |
Minimum Market Cap. | $2,205 |
Price/Earnings | 40.66 |
Price/Book | 9.39 |
Price/Cash Flow | 29.15 |
Price/Sales | 8.46 |
Country |
Percent |
United States |
87.44% |
Taiwan |
4.64% |
The Netherlands |
3.70% |
Canada |
2.14% |
South Korea |
0.90% |
Australia |
0.67% |
Israel |
0.30% |
Japan |
0.21% |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
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Days Traded at Discount |
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Information Technology
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74.56%
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Communication Services
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15.92%
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Consumer Discretionary
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8.81%
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Industrials
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0.71%
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S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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