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First Trust S&P International Dividend Aristocrats ETF (FID)
Investment Objective/Strategy - The First Trust S&P International Dividend Aristocrats ETF (the "Fund"), formerly the International Multi-Asset Diversified Income Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the S&P International Dividend Aristocrats Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The index begins with the S&P Global Broad Market Index and eliminates those companies that do not have an average daily traded value of at least $5 million for the 3-months prior to the rebalancing reference date.
  • Every security must have a float-adjusted market capitalization of at least $1 billion and must meet stringent eligibility criteria.
    • Historical dividend increases, dividend yield and payout ratio are examined.
  • The 100 eligible securities with the highest indicated dividend yield are considered, subject to a maximum of 20 securities from any one country and a maximum of 35 securities from any one Global Industry Classification Standard (GICS) sector.
    • U.S. stocks are excluded from inclusion and approximately 80 - 100 eligible securities are selected.
  • Index constituents are weighted by indicated annual dividend yield. At each rebalancing, the weight for each index constituent is capped at 3%, and the weight of each country and GICS sector is capped at 25%, respectively.
  • The index is rebalanced annually.
Fund Overview
Fund TypeForeign Equity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End09/30
Inception Price$19.97
Inception NAV$19.97
Rebalance FrequencyAnnual
Expense Ratio0.60%
Current Fund Data (as of 5/20/2022)
Closing NAV1$17.04
Closing Market Price2$17.03
Bid/Ask Midpoint$17.07
Bid/Ask Premium0.15%
30-Day Median Bid/Ask Spread30.41%
Total Net Assets$57,944,039
Outstanding Shares3,400,002
Daily Volume3,757
Average 30-Day Daily Volume20,753
Closing Market Price 52-Week High/Low$19.36 / $16.38
Closing NAV 52-Week High/Low$18.95 / $16.43
Number of Holdings (excluding cash)79
Top Holdings (as of 5/20/2022)*
Holding Percent
Enagas S.A. 2.44%
Keyera Corp. 2.28%
China Overseas Land & Investment Limited 1.96%
TC Energy Corporation 1.96%
Power Assets Holdings Limited 1.92%
Sino Land Company Limited 1.92%
New World Development Company Limited 1.88%
Capital Power Corporation 1.87%
Electric Power Development Co., Ltd. 1.87%
APA Group 1.81%

* 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 5/23/2022)4$0.0121
30-Day SEC Yield (as of 4/29/2022)54.30%
12-Month Distribution Rate (as of 4/29/2022)63.85%
Index Yield (as of 4/29/2022)75.13%
Fund Characteristics (as of 4/29/2022)9
Maximum Market Cap.$196,651
Median Market Cap.$11,633
Minimum Market Cap.$1,251
Price/Cash Flow7.47
Top Country Exposure (as of 5/20/2022)
Country Percent
Canada 25.20%
Hong Kong 17.96%
Japan 14.82%
Switzerland 9.21%
United Kingdom 8.13%
France 3.26%
Germany 2.56%
Spain 2.47%
Belgium 2.12%
Australia 1.83%
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 198 61 29 ---
Days Traded at Discount 54 1 6 ---
Top Sector Exposure (as of 5/20/2022)
Utilities 23.72%
Financials 21.98%
Real Estate 17.90%
Energy 8.29%
Industrials 7.51%
Communication Services 6.87%
Consumer Staples 5.30%
Health Care 4.32%
Materials 4.11%
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *
Tracking Index: S&P International Dividend Aristocrats

Month End Performance (as of 4/29/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) -4.00% -3.62% -2.14% 3.69% 3.74% N/A 2.72%
After Tax Held -4.03% -3.65% -3.59% 2.05% 1.97% N/A 0.77%
After Tax Sold -2.37% -2.14% -1.24% 2.11% 2.08% N/A 1.18%
Market Price -3.98% -3.38% -2.29% 3.89% 3.99% N/A 2.78%
Index Performance **
S&P International Dividend Aristocrats -2.67% -2.72% -0.52% 5.18% N/A N/A N/A
Dow Jones EPAC Select Dividend™ Index -3.17% -1.70% -1.02% 4.78% 4.85% N/A 3.94%
MSCI World ex USA Index -6.95% -11.06% -6.66% 5.14% 5.25% N/A 4.67%
Quarter End Performance (as of 3/31/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 0.13% 0.13% 4.62% 5.87% 4.65% N/A 3.20%
After Tax Held 0.10% 0.10% 3.07% 4.20% 2.83% N/A 1.23%
After Tax Sold 0.07% 0.07% 2.73% 3.76% 2.75% N/A 1.52%
Market Price 0.12% 0.12% 4.08% 6.09% 4.83% N/A 3.23%
Index Performance **
S&P International Dividend Aristocrats 0.98% 0.98% 6.38% 7.33% N/A N/A N/A
Dow Jones EPAC Select Dividend™ Index 3.12% 3.12% 6.97% 7.35% 6.13% N/A 4.56%
MSCI World ex USA Index -4.81% -4.81% 3.04% 8.55% 7.14% N/A 5.55%
3-Year Statistics (as of 4/29/2022)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
FID 19.48% -1.12 1.02 0.25 0.93
Dow Jones EPAC Select Dividend™ Index 21.10% -0.32 1.12 0.29 0.95
MSCI World ex USA Index 17.88% --- 1.00 0.32 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.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the S&P International Dividend Aristocrats is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

On August 30, 2018, the fund's underlying index changed from the NASDAQ International Multi-Asset Diversified Income Index to the S&P International Dividend Aristocrats Index. Therefore, the fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the fund, based on its current index, would have generated.

Dow Jones EPAC Select Dividend™ Index - The Index consists of high dividend paying companies in the EPAC (Europe, Pacific, Asia and Canada) region,