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First Trust NASDAQ Technology Dividend Index Fund (TDIV)
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 Nasdaq, Inc., 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 AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$19.92
Inception NAV$19.92
Rebalance FrequencyQuarterly
Expense Ratio*0.50%
* As of 2/1/2024
Current Fund Data (as of 7/24/2024)
Closing NAV1$74.92
Closing Market Price2$74.88
Bid/Ask Midpoint$74.94
Bid/Ask Premium0.03%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$2,630,204,068
Outstanding Shares35,105,000
Daily Volume133,369
Average 30-Day Daily Volume98,273
Closing Market Price 52-Week High/Low$79.61 / $53.99
Closing NAV 52-Week High/Low$79.62 / $54.04
Number of Holdings (excluding cash)87
Top Holdings (as of 7/24/2024)*
Holding Percent
Broadcom Inc. 8.74%
Apple Inc. 8.72%
International Business Machines Corporation 8.46%
Microsoft Corporation 7.92%
Texas Instruments Incorporated 6.44%
Oracle Corporation 4.54%
QUALCOMM Incorporated 3.40%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 3.31%
Analog Devices, Inc. 2.53%
AT&T Inc. 2.02%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 6/30/2024)4

Among 231 funds in the Technology category. This fund was rated 5 stars/231 funds (3 years), 4 stars/201 funds (5 years), 3 stars/155 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 7/25/2024)5$0.3664
30-Day SEC Yield (as of 6/28/2024)61.65%
12-Month Distribution Rate (as of 6/28/2024)71.62%
Index Yield (as of 6/28/2024)82.24%
Fund Characteristics (as of 6/28/2024)9
Maximum Market Cap.$3,321,869
Median Market Cap.$21,583
Minimum Market Cap.$352
Price/Cash Flow14.13
Bid/Ask Premium/Discount (as of 7/24/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 184 34 40 12
Days Traded at Discount 66 27 23 5
Top Industry Exposure (as of 7/24/2024)
Semiconductors & Semiconductor Equipment 33.85%
Software 16.07%
Technology Hardware, Storage & Peripherals 14.25%
IT Services 10.20%
Diversified Telecommunication Services 8.75%
Electronic Equipment, Instruments & Components 5.34%
Communications Equipment 4.86%
Wireless Telecommunication Services 3.28%
Media 2.00%
Professional Services 1.23%
Hypothetical Growth of $10,000 Since Inception (as of 7/24/2024) *