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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
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*0.52%
Net Expense Ratio*0.50%
* As of 5/3/2021
Expenses are capped contractually at 0.50% per year, at least until April 30, 2022.
Current Fund Data (as of 9/17/2021)
Closing NAV1$29.15
Closing Market Price2$29.17
Bid/Ask Midpoint$29.15
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$196,755,262
Outstanding Shares6,750,002
Daily Volume565,357
Average 30-Day Daily Volume49,235
Closing Market Price 52-Week High/Low$30.49 / $20.37
Closing NAV 52-Week High/Low$30.51 / $20.37
Number of Holdings (excluding cash)155
Top Holdings (as of 9/17/2021)*
Holding Percent
Prologis, Inc. 8.27%
Equinix, Inc. 6.73%
Public Storage 4.08%
Digital Realty Trust, Inc. 3.81%
Simon Property Group, Inc. 3.71%
Welltower Inc. 3.12%
AvalonBay Communities, Inc. 2.64%
Equity Residential 2.35%
Alexandria Real Estate Equities, Inc. 2.31%
Realty Income Corporation 2.27%

* 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 9/20/2021)4$0.1091
30-Day SEC Yield (as of 8/31/2021)52.42%
Unsubsidized 30-Day SEC Yield (as of 8/31/2021)62.42%
12-Month Distribution Rate (as of 8/31/2021)71.82%
Index Yield (as of 8/31/2021)82.94%
Fund Characteristics (as of 8/31/2021)10
Maximum Market Cap.$99,548
Median Market Cap.$3,416
Minimum Market Cap.$136
Price/Cash Flow21.41
Bid/Ask Premium/Discount (as of 9/17/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 35 60 54
Days Traded at Discount 141 26 3 1
Top Sub-Industry Exposure (as of 9/17/2021)
Specialized REITs 24.43%
Residential REITs 19.28%
Industrial REITs 14.76%
Retail REITs 13.25%
Health Care REITs 10.79%
Office REITs 8.93%
Diversified REITs 5.06%
Hotel & Resort REITs 3.50%
Hypothetical Growth of $10,000 Since Inception (as of 9/17/2021) *