Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
  • 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 NASDAQ Technology Dividend Index Fund is an exchange-traded fund. The 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 Nasdaq Technology Dividend Index™ (the "Index").
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • To be included in the Index, the security must be listed on The Nasdaq Stock Market LLC, the New York Stock Exchange, or the NYSE Amex and classified as a technology or telecommunications company according to Industry Classification Benchmark (ICB).
  • Each security must have a minimum market capitalization of $500 million, have a minimum three-month average daily dollar trading volume of $1 million, have paid a regular or common dividend within the past 12 months; have a yield of at least 0.5%; have not had a decrease in common dividends per share paid within past 12 months; and may not be issued by an issuer currently in bankruptcy proceedings.
  • The Index is evaluated semi-annually in March and September, but if at any time during the year other than the evaluation, an index security no longer meets the eligibility criteria, or is otherwise determined to have become ineligible for inclusion in the Index, the security is removed from the Index and is not replaced.
  • The Index employs a modified dividend value weighting methodology. At each evaluation, the Index securities are classified as technology or telecommunications based on their ICB classification. The technology securities are given a collective weight of 80% and the telecommunications securities are given a collective weight of 20% in the index. The Index weighting methodology includes caps to prevent high concentrations among larger stocks.
  • The Index is rebalanced quarterly.
Fund Overview
Fund TypeTechnology
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End09/30
Inception Price$19.92
Inception NAV$19.92
Rebalance FrequencyQuarterly
Expense Ratio*0.50%
* As of 2/1/2022
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 12/2/2022)
Closing NAV1$50.96
Closing Market Price2$50.99
Bid/Ask Midpoint$50.98
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread30.06%
Total Net Assets$1,646,404,700
Outstanding Shares32,305,000
Daily Volume436,881
Average 30-Day Daily Volume114,280
Closing Market Price 52-Week High/Low$63.88 / $42.80
Closing NAV 52-Week High/Low$63.87 / $42.77
Number of Holdings (excluding cash)94
Top Holdings (as of 12/2/2022)*
Holding Percent
International Business Machines Corporation 9.06%
Broadcom Inc. 8.48%
Microsoft Corporation 7.63%
Apple Inc. 7.36%
Intel Corporation 7.21%
Oracle Corporation 4.40%
Texas Instruments Incorporated 4.21%
QUALCOMM Incorporated 3.72%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 3.00%
Analog Devices, Inc. 2.48%

* 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 12/3/2022)4$0.2687
30-Day SEC Yield (as of 10/31/2022)52.60%
12-Month Distribution Rate (as of 10/31/2022)62.59%
Index Yield (as of 10/31/2022)73.10%
Fund Characteristics (as of 11/30/2022)9
Maximum Market Cap.$2,354,879
Median Market Cap.$14,820
Minimum Market Cap.$499
Price/Cash Flow9.80
Bid/Ask Premium/Discount (as of 12/2/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 186 43 40 48
Days Traded at Discount 66 19 22 16
Top Industry Exposure (as of 12/2/2022)
Semiconductors & Semiconductor Equipment 38.22%
Software 14.80%
Technology Hardware, Storage & Peripherals 12.16%
IT Services 11.02%
Diversified Telecommunication Services 8.16%
Communications Equipment 6.12%
Electronic Equipment, Instruments & Components 4.23%
Wireless Telecommunication Services 2.38%
Media 2.09%
Professional Services 0.60%
Hypothetical Growth of $10,000 Since Inception (as of 12/1/2022) *