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First Trust S&P REIT Index Fund (FRI)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. 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.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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*0.51%
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. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 12/6/2022)
Closing NAV1$24.77
Closing Market Price2$24.77
Bid/Ask Midpoint$24.75
Bid/Ask Discount0.08%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$142,406,386
Outstanding Shares5,750,002
Daily Volume16,284
Average 30-Day Daily Volume66,488
Closing Market Price 52-Week High/Low$32.60 / $22.15
Closing NAV 52-Week High/Low$32.59 / $22.13
Number of Holdings (excluding cash)140
Top Holdings (as of 12/6/2022)*
Holding Percent
Prologis, Inc. 10.74%
Equinix, Inc. 6.35%
Public Storage 4.63%
Realty Income Corporation 3.93%
Simon Property Group, Inc. 3.93%
VICI Properties Inc. 3.28%
Welltower Inc. 3.21%
Digital Realty Trust, Inc. 3.15%
AvalonBay Communities, Inc. 2.37%
Alexandria Real Estate Equities, Inc. 2.21%

* 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 12/7/2022)4$0.1326
30-Day SEC Yield (as of 10/31/2022)53.62%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)63.62%
12-Month Distribution Rate (as of 10/31/2022)72.50%
Index Yield (as of 10/31/2022)84.36%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$108,729
Median Market Cap.$2,713
Minimum Market Cap.$94
Price/Cash Flow13.82
Bid/Ask Premium/Discount (as of 12/6/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 202 37 40 31
Days Traded at Discount 50 25 22 33
Top Sub-Industry Exposure (as of 12/6/2022)
Specialized REITs 25.46%
Residential REITs 17.55%
Retail REITs 16.73%
Industrial REITs 15.53%
Health Care REITs 10.18%
Office REITs 6.85%
Diversified REITs 4.01%
Hotel & Resort REITs 3.69%
Hypothetical Growth of $10,000 Since Inception (as of 12/6/2022) *