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First Trust NASDAQ Global Auto Index Fund (CARZ)
Investment Objective/Strategy - The First Trust NASDAQ Global Auto 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 NASDAQ OMX Global Auto Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The index is a modified market-capitalization weighted index that includes securities of companies that are classified as an Automobile Manufacturer.
  • To be included in the index, a security must meet the following criteria:
    • listed on an index-eligible global stock exchange,
    • have a minimum worldwide market capitalization of at least $500 million,
    • have a minimum three-month average daily dollar trading volume of $1 million.
  • The index employs a modified market cap weighting methodology in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger stocks.
  • The index is reconstituted annually and rebalanced quarterly.
Fund Overview
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
Fiscal Year-End09/30
Inception Price$29.88
Inception NAV$29.88
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 5/5/2021)
Closing NAV1$55.63
Closing Market Price2$55.88
Bid/Ask Midpoint$55.88
Bid/Ask Premium0.45%
30-Day Median Bid/Ask Spread30.67%
Total Net Assets$66,761,186
Outstanding Shares1,200,002
Daily Volume6,846
Average 30-Day Daily Volume26,278
Closing Market Price 52-Week High/Low$59.37 / $26.63
Closing NAV 52-Week High/Low$59.41 / $26.77
Number of Holdings (excluding cash)33
Top Holdings (as of 5/5/2021)*
Holding Percent
General Motors Company 8.77%
Honda Motor Co., Ltd. 8.46%
Daimler AG 8.41%
Toyota Motor Corporation 7.87%
Tesla, Inc. 7.76%
Porsche Automobil Holding SE 4.94%
Volkswagen AG (Preference Shares) 4.84%
Bayerische Motoren Werke (BMW) AG 4.49%
Kia Corporation 3.97%
Ford Motor Company 3.88%

* 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 5/6/2021)4$0.1777
30-Day SEC Yield (as of 3/31/2021)50.31%
12-Month Distribution Rate (as of 3/31/2021)60.57%
Index Yield (as of 3/31/2021)71.33%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 4/30/2021)9
Maximum Market Cap.$683,425
Median Market Cap.$15,145
Minimum Market Cap.$902
Price/Cash Flow7.74
Top Country Exposure (as of 5/5/2021)
Country Percent
Japan 31.09%
Germany 22.71%
United States 22.33%
China 7.83%
South Korea 7.66%
Hong Kong 4.01%
France 2.63%
United Kingdom 0.66%
Singapore 0.51%
Taiwan 0.41%
Bid/Ask Premium/Discount (as of 5/5/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 152 41 10 ---
Days Traded at Discount 101 20 14 ---
Hypothetical Growth of $10,000 Since Inception (as of 5/5/2021) *