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Investment Objective/Strategy - The First Trust BICK Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE BICK™ (Brazil, India, China, South Korea) Index.
There can be no assurance that the Fund's investment objectives will be achieved.
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The ISE BICK™ Index is designed to provide a benchmark for investors interested in tracking the largest and most liquid public companies that are domiciled in
Brazil, India, Mainland China and South Korea.
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Each component security must have a market capitalization of at least $100 million.
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For each country, the securities are ranked in descending order by market capitalization and in descending order by liquidity.
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The 25 top ranked securities for each country are selected for inclusion in the index. If a country has less than 25 eligible securities, all eligible securities are selected.
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The index uses an equal weighted allocation methodology so that each country represents 25% of the index at each rebalance. All components within a
country allocation are equally-weighted as well at the rebalance date.
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Index components are reviewed quarterly for eligibility and any changes in component securities of the index are made after the market close on the third
Friday of each March, June, September and December.
Ticker | BICK |
Fund Type | Emerging Markets |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33733H107 |
ISIN | US33733H1077 |
Intraday NAV | BICKIV |
Fiscal Year-End | 09/30 |
Exchange | Nasdaq |
Inception | 4/12/2010 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Rebalance Frequency | Quarterly |
Expense Ratio | 0.64% |
Closing NAV1 | $39.04 |
Closing Market Price2 | $38.87 |
Bid/Ask Midpoint | $38.80 |
Bid/Ask Discount | 0.63% |
30-Day Median Bid/Ask Spread3 | 0.47% |
Total Net Assets | $87,831,495 |
Outstanding Shares | 2,250,002 |
Daily Volume | 8,535 |
Average 30-Day Daily Volume | 7,682 |
Closing Market Price 52-Week High/Low | $42.26 / $17.96 |
Closing NAV 52-Week High/Low | $42.44 / $18.04 |
Number of Holdings (excluding cash) | 87 |
Holding |
Percent |
Tata Motors Limited (ADR) |
3.21% |
Vedanta Limited (ADR) |
2.99% |
State Bank of India (GDR) |
2.84% |
ICICI Bank Limited (ADR) |
2.24% |
MakeMyTrip Limited |
2.21% |
Axis Bank Limited (GDR) |
2.19% |
Wipro Limited (ADR) |
2.13% |
Infosys Limited (ADR) |
2.03% |
HDFC Bank Ltd. (ADR) |
2.01% |
Reliance Industries Limited (GDR) |
1.96% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $813,386 |
Median Market Cap. | $27,353 |
Minimum Market Cap. | $693 |
Price/Earnings | 23.36 |
Price/Book | 2.30 |
Price/Cash Flow | 17.08 |
Price/Sales | 1.82 |
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2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
48 |
19 |
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--- |
Days Traded at Discount |
205 |
23 |
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Consumer Discretionary
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27.55%
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Financials
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19.57%
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Information Technology
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12.43%
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Communication Services
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12.32%
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Materials
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9.83%
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Health Care
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7.48%
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Industrials
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4.14%
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Energy
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4.00%
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Consumer Staples
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2.68%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
BICK |
24.18% |
2.29 |
1.20 |
0.41 |
0.95 |
MSCI Emerging Markets Index |
19.18% |
--- |
1.00 |
0.33 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
MSCI ACWI Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets. MSCI Emerging Markets Index - The Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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