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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
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*0.52%
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 6/11/2021)
Closing NAV1$29.04
Closing Market Price2$29.04
Bid/Ask Midpoint$29.04
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$111,787,335
Outstanding Shares3,850,002
Daily Volume4,097
Average 30-Day Daily Volume21,060
Closing Market Price 52-Week High/Low$29.14 / $20.34
Closing NAV 52-Week High/Low$29.13 / $20.34
Number of Holdings (excluding cash)152
Top Holdings (as of 6/11/2021)*
Holding Percent
Prologis, Inc. 8.05%
Equinix, Inc. 6.36%
Digital Realty Trust, Inc. 3.98%
Public Storage 3.93%
Simon Property Group, Inc. 3.85%
Welltower Inc. 2.90%
AvalonBay Communities, Inc. 2.61%
Equity Residential 2.42%
Realty Income Corporation 2.29%
Alexandria Real Estate Equities, Inc. 2.15%

* 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 6/15/2021)4$0.0596
30-Day SEC Yield (as of 5/28/2021)52.63%
Unsubsidized 30-Day SEC Yield (as of 5/28/2021)62.61%
12-Month Distribution Rate (as of 5/28/2021)72.24%
Index Yield (as of 5/28/2021)83.17%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 5/28/2021)10
Maximum Market Cap.$87,175
Median Market Cap.$3,346
Minimum Market Cap.$130
Price/Earnings45.13
Price/Book2.53
Price/Cash Flow19.97
Price/Sales9.19
Bid/Ask Premium/Discount (as of 6/11/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 35 48 ---
Days Traded at Discount 141 26 2 ---
Top Sub-Industry Exposure (as of 6/11/2021)
Specialized REITs 24.17%
Residential REITs 18.54%
Industrial REITs 14.44%
Retail REITs 13.49%
Health Care REITs 10.93%
Office REITs 9.69%
Diversified REITs 4.93%
Hotel & Resort REITs 3.81%
Hypothetical Growth of $10,000 Since Inception (as of 6/11/2021) *


Month End Performance (as of 5/28/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) 13.67% 18.27% 37.50% 9.90% 6.42% 8.01% 5.01%
After Tax Held 13.56% 18.16% 35.97% 8.60% 5.15% 6.80% 3.92%
After Tax Sold 8.09% 10.81% 22.02% 7.04% 4.36% 5.83% 3.41%
Market Price 13.62% 18.32% 37.42% 9.93% 6.43% 8.00% 5.01%
Index Performance **