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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.
Index Description According to the Index Provider
  • 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 AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$19.97
Inception NAV$19.97
Rebalance FrequencyAnnual
Expense Ratio*0.60%
* As of 2/1/2024
Current Fund Data (as of 7/16/2024)
Closing NAV1$16.20
Closing Market Price2$16.18
Bid/Ask Midpoint$16.21
Bid/Ask Premium0.06%
30-Day Median Bid/Ask Spread30.44%
Total Net Assets$76,122,847
Outstanding Shares4,700,002
Daily Volume11,459
Average 30-Day Daily Volume15,936
Closing Market Price 52-Week High/Low$16.60 / $14.07
Closing NAV 52-Week High/Low$16.64 / $14.08
Number of Holdings (excluding cash)76
Top Holdings (as of 7/16/2024)*
Holding Percent
Solvay SA 3.16%
Vanguard International Semiconductor Corporation 2.32%
Henderson Land Development Company Limited 2.23%
Sino Land Company Limited 1.92%
KT&G Corporation 1.89%
Ping An Insurance (Group) Company of China, Ltd. (Class H) 1.89%
Keyera Corp. 1.83%
Capital Power Corporation 1.80%
APA Group 1.76%
CK Infrastructure Holdings Limited 1.75%

* 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 7/17/2024)4$0.3378
30-Day SEC Yield (as of 6/28/2024)53.98%
12-Month Distribution Rate (as of 6/28/2024)64.48%
Index Yield (as of 6/28/2024)75.37%
Fund Characteristics (as of 6/28/2024)8
Maximum Market Cap.$224,243
Median Market Cap.$11,553
Minimum Market Cap.$1,668
Price/Cash Flow6.58
Top Country Exposure (as of 7/16/2024)
Country Percent
Canada 25.95%
Japan 17.83%
Switzerland 11.05%
Hong Kong 10.56%
United Kingdom 5.32%
Italy 3.74%
South Korea 3.57%
France 3.24%
Belgium 3.17%
Finland 2.50%
Bid/Ask Premium/Discount (as of 7/16/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 195 60 26 4
Days Traded at Discount 55 1 37 7
Top Sector Exposure (as of 7/16/2024)
Financials 27.73%
Utilities 20.31%
Industrials 9.12%
Communication Services 8.12%
Real Estate 7.58%
Materials 6.65%
Energy 6.20%
Consumer Discretionary 4.45%
Consumer Staples 4.27%
Health Care 3.24%
Information Technology 2.33%
Hypothetical Growth of $10,000 Since Inception (as of 7/16/2024) *