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First Trust S&P REIT Index Fund (FRI)
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.
  • 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.
  • All securities added to the S&P United States REIT Index must meet certain liquidity and market capitalization requirements.
  • 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.
Fund Overview
TickerFRI
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734G108
ISINUS33734G1085
Intraday NAVFRIIV
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception5/8/2007
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.51%
Net Expense Ratio*0.50%
* As of 5/2/2022
Expenses are capped contractually at 0.50% per year, at least through April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 8/11/2022)
Closing NAV1$28.34
Closing Market Price2$28.34
Bid/Ask Midpoint$28.34
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread (as of 8/10/2022)30.07%
Total Net Assets$204,031,044
Outstanding Shares7,200,002
Daily Volume23,445
Average 30-Day Daily Volume79,568
Closing Market Price 52-Week High/Low$32.60 / $24.70
Closing NAV 52-Week High/Low$32.59 / $24.72
Number of Holdings (excluding cash)143
Top Holdings (as of 8/10/2022)*
Holding Percent
Prologis, Inc. 8.84%
Equinix, Inc. 5.74%
Public Storage 4.69%
Realty Income Corporation 3.96%
Welltower Inc. 3.36%
Digital Realty Trust, Inc. 3.35%
Simon Property Group, Inc. 3.25%
VICI Properties Inc. 2.98%
AvalonBay Communities, Inc. 2.65%
Extra Space Storage Inc. 2.47%

* 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 8/12/2022)4$0.1391
30-Day SEC Yield (as of 7/29/2022)52.89%
Unsubsidized 30-Day SEC Yield (as of 7/29/2022)62.88%
12-Month Distribution Rate (as of 7/29/2022)71.90%
Index Yield (as of 7/29/2022)83.62%
Fund Characteristics (as of 7/29/2022)10
Maximum Market Cap.$98,140
Median Market Cap.$3,127
Minimum Market Cap.$145
Price/Earnings32.81
Price/Book2.33
Price/Cash Flow16.63
Price/Sales8.33
Bid/Ask Premium/Discount (as of 8/11/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 202 37 40 11
Days Traded at Discount 50 25 22 18
Top Sub-Industry Exposure (as of 8/10/2022)
Specialized REITs 24.87%
Residential REITs 19.19%
Industrial REITs 15.70%
Retail REITs 15.16%
Health Care REITs 10.54%
Office REITs 7.42%
Hotel & Resort REITs 3.59%
Diversified REITs 3.53%
Hypothetical Growth of $10,000 Since Inception (as of 8/10/2022) *