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Investment Objective/Strategy - The First Trust S&P REIT Index Fund is an exchange-traded fund. This exchange-traded 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 S&P United States REIT Index.
There can be no assurance that the Fund's investment objectives will be achieved.
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The S&P United States REIT Index measures the investable U.S. real estate investment trust market and maintains a constituency that reflects the market's overall composition.
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All securities added to the S&P United States REIT Index must meet certain liquidity and market capitalization requirements.
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The Standard & Poor's Index Committee, a team of Standard & Poor's economists and index analysts, maintains the S&P United States REIT Index. Maintenance includes implementation of daily corporate actions, quarterly updates of significant events, and annual portfolio reconstitution each September. Share adjustments that exceed 5% are made at the time of the change. Share adjustments of less than 5% are made on a quarterly basis.
Ticker | FRI |
Fund Type | REIT |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33734G108 |
ISIN | US33734G1085 |
Intraday NAV | FRIIV |
Fiscal Year-End | 12/31 |
Exchange | NYSE Arca |
Inception | 5/8/2007 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Rebalance Frequency | Quarterly |
Gross Expense Ratio* | 0.48% |
Net Expense Ratio* | 0.48% |
* As of 5/1/2018
Expenses are capped contractually at 0.50% per year, at least until April 30, 2019.
Closing NAV1 | $24.40 |
Closing Share Price2 | $24.41 |
Bid/Ask Midpoint | $24.40 |
Bid/Ask Discount | 0.01% |
Total Net Assets | $117,137,386 |
Outstanding Shares | 4,800,002 |
Daily Volume | 23,354 |
Average 30-Day Daily Volume | 49,969 |
Closing Share Price 52-Week High/Low | $24.51 / $20.47 |
Closing NAV 52-Week High/Low | $24.49 / $20.47 |
Number of Holdings | 157 |
Maximum Market Cap. | $56,332 |
Median Market Cap. | $2,862 |
Minimum Market Cap. | $173 |
Price/Earnings | 29.84 |
Price/Book | 2.26 |
Price/Cash Flow | 14.47 |
Price/Sales | 6.58 |
Holding |
Percent |
Simon Property Group, Inc. |
6.67% |
Prologis, Inc. |
5.23% |
Public Storage |
3.66% |
Welltower Inc. |
3.41% |
AvalonBay Communities, Inc. |
3.17% |
Equity Residential |
3.16% |
Digital Realty Trust, Inc. |
2.75% |
Ventas, Inc. |
2.71% |
Realty Income Corporation |
2.42% |
Boston Properties, Inc. |
2.41% |
Holdings are subject to change.
Past performance is not indicative of future results.
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
12/31/2018 |
25 |
2 |
1 |
0 |
9/30/2018 |
34 |
1 |
0 |
0 |
6/30/2018 |
23 |
0 |
0 |
0 |
3/31/2018 |
4 |
0 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
12/31/2018 |
34 |
0 |
1 |
0 |
9/30/2018 |
28 |
0 |
0 |
0 |
6/30/2018 |
41 |
0 |
0 |
0 |
3/31/2018 |
57 |
0 |
0 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
Retail REITs
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19.01%
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Residential REITs
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18.34%
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Specialized REITs
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15.36%
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Office REITs
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13.19%
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Health Care REITs
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13.03%
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Industrial REITs
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9.07%
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Hotel & Resort REITs
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6.13%
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Diversified REITs
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5.87%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FRI |
15.01% |
-3.60 |
0.84 |
0.48 |
0.65 |
FTSE EPRA/NAREIT North America Index |
14.71% |
-3.06 |
0.83 |
0.52 |
0.65 |
Russell 3000® Index |
11.55% |
--- |
1.00 |
1.12 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
FTSE EPRA/NAREIT North America Index - The Index is modified market cap weighted based on free float market capitalization and tracks the performance of listed real estate companies or REITs in North America. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
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