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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.
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*0.53%
Net Expense Ratio*0.50%
* As of 5/1/2024
Expenses are capped contractually at 0.50% per year, at least through April 30, 2025.
Current Fund Data (as of 5/28/2024)
Closing NAV1$24.68
Closing Market Price2$24.69
Bid/Ask Midpoint$24.68
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$112,271,357
Outstanding Shares4,550,002
Daily Volume11,999
Average 30-Day Daily Volume20,499
Closing Market Price 52-Week High/Low$26.67 / $21.37
Closing NAV 52-Week High/Low$26.68 / $21.38
Number of Holdings (excluding cash)133
Top Holdings (as of 5/28/2024)*
Holding Percent
Prologis, Inc. 9.67%
Equinix, Inc. 7.20%
Welltower Inc. 5.57%
Simon Property Group, Inc. 4.72%
Digital Realty Trust, Inc. 4.63%
Realty Income Corporation 4.28%
Public Storage 4.27%
Extra Space Storage Inc. 3.00%
VICI Properties Inc. 2.92%
AvalonBay Communities, Inc. 2.72%

* 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 5/29/2024)4$0.0975
30-Day SEC Yield (as of 4/30/2024)53.92%
Unsubsidized 30-Day SEC Yield (as of 4/30/2024)63.92%
12-Month Distribution Rate (as of 4/30/2024)72.97%
Index Yield (as of 4/30/2024)84.37%
Fund Characteristics (as of 4/30/2024)9
Maximum Market Cap.$94,482
Median Market Cap.$2,737
Minimum Market Cap.$68
Price/Cash Flow14.70
Bid/Ask Premium/Discount (as of 5/28/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 95 42 24 ---
Days Traded at Discount 155 19 17 ---
Top Sub-Industry Exposure (as of 5/28/2024)
Retail REITs 16.73%
Industrial REITs 14.46%
Data Center REITs 11.85%
Multi-Family Residential REITs 11.82%
Health Care REITs 11.77%
Self-Storage REITs 8.48%
Single-Family Residential REITs 5.76%
Office REITs 5.71%
Hotel & Resort REITs 3.60%
Hypothetical Growth of $10,000 Since Inception (as of 5/28/2024) *