Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
First Trust S&P REIT Index Fund (FRI)
  • 2023 Estimated Capital Gain Distributions
    Please note that none of our First Trust Exchange-Traded Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Exchange-Traded Funds are expected to pay any special short-term capital gain distributions in December. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
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.
Index Description According to the Index Provider
  • 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
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.50%
Net Expense Ratio*0.50%
* As of 5/1/2023
Expenses are capped contractually at 0.50% per year, at least through April 30, 2024. 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 11/28/2023)
Closing NAV1$23.82
Closing Market Price2$23.82
Bid/Ask Midpoint$23.81
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread30.05%
Total Net Assets$113,143,433
Outstanding Shares4,750,002
Daily Volume17,294
Average 30-Day Daily Volume41,522
Closing Market Price 52-Week High/Low$27.24 / $21.37
Closing NAV 52-Week High/Low$27.24 / $21.38
Number of Holdings (excluding cash)137
Top Holdings (as of 11/28/2023)*
Holding Percent
Prologis, Inc. 10.70%
Equinix, Inc. 7.71%
Welltower Inc. 5.11%
Digital Realty Trust, Inc. 4.28%
Public Storage 4.20%
Simon Property Group, Inc. 4.13%
Realty Income Corporation 3.94%
VICI Properties Inc. 3.06%
Extra Space Storage Inc. 2.78%
AvalonBay Communities, Inc. 2.53%

* 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 11/29/2023)4$0.3398
30-Day SEC Yield (as of 10/31/2023)54.20%
Unsubsidized 30-Day SEC Yield (as of 10/31/2023)64.15%
12-Month Distribution Rate (as of 10/31/2023)73.71%
Index Yield (as of 10/31/2023)84.85%
Fund Characteristics (as of 10/31/2023)9
Maximum Market Cap.$93,090
Median Market Cap.$2,018
Minimum Market Cap.$73
Price/Cash Flow13.08
Bid/Ask Premium/Discount (as of 11/28/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 125 21 20 28
Days Traded at Discount 126 41 42 35
Top Sub-Industry Exposure (as of 11/28/2023)
Retail REITs 16.60%
Industrial REITs 15.70%
Data Center REITs 12.03%
Health Care REITs 11.16%
Multi-Family Residential REITs 10.83%
Self-Storage REITs 8.20%
Single-Family Residential REITs 6.24%
Office REITs 5.53%
Hotel & Resort REITs 3.73%
Hypothetical Growth of $10,000 Since Inception (as of 11/28/2023) *