Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
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 7/23/2021)
Closing NAV1$17.96
Closing Market Price2$18.12
Bid/Ask Midpoint$18.09
Bid/Ask Premium0.70%
30-Day Median Bid/Ask Spread30.38%
Total Net Assets$43,092,618
Outstanding Shares2,400,002
Daily Volume8,097
Average 30-Day Daily Volume10,366
Closing Market Price 52-Week High/Low$19.10 / $13.81
Closing NAV 52-Week High/Low$18.95 / $13.82
Number of Holdings (excluding cash)76
Top Holdings (as of 7/23/2021)*
Holding Percent
Enagas S.A. 2.47%
Keyera Corp. 2.36%
SmartCentres Real Estate Investment Trust 2.25%
Power Assets Holdings Limited 2.13%
Pembina Pipeline Corporation 2.07%
Japan Tobacco, Inc. 1.97%
Shaw Communications, Inc. (Class B) 1.96%
Henderson Land Development Company Limited 1.77%
CK Infrastructure Holdings Limited 1.72%
Arca Continental, S.A.B. de C.V. 1.70%

* 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 7/26/2021)4$0.2300
30-Day SEC Yield (as of 6/30/2021)53.91%
12-Month Distribution Rate (as of 6/30/2021)63.33%
Index Yield (as of 6/30/2021)74.81%
Fund Characteristics (as of 6/30/2021)9
Maximum Market Cap.$144,462
Median Market Cap.$13,881
Minimum Market Cap.$1,564
Price/Cash Flow9.20
Top Country Exposure (as of 7/23/2021)
Country Percent
Canada 29.27%
Japan 16.08%
Hong Kong 15.09%
United Kingdom 11.05%
Finland 4.14%
Switzerland 4.10%
South Korea 2.74%
Spain 2.48%
France 2.35%
China 2.06%
Bid/Ask Premium/Discount (as of 7/23/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 110 60 60 16
Days Traded at Discount 143 1 3 0
Top Sector Exposure (as of 7/23/2021)
Financials 25.57%
Utilities 20.08%
Real Estate 12.81%
Communication Services 10.79%
Consumer Staples 8.74%
Consumer Discretionary 6.12%
Energy 6.01%
Industrials 3.75%
Health Care 2.80%
Materials 2.42%
Information Technology 0.91%
Hypothetical Growth of $10,000 Since Inception (as of 7/23/2021) *

Month End Performance (as of 6/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 4.46% 12.92% 33.42% 5.50% 5.88% N/A 3.50%
After Tax Held 3.92% 12.28% 31.46% 3.81% 3.97% N/A 1.45%
After Tax Sold 2.64% 7.65% 19.67% 3.43% 3.64% N/A 1.70%
Market Price 4.25% 13.26% 35.01% 5.61% 6.14% N/A 3.57%
Index Performance **
S&P International Dividend Aristocrats 4.80% 13.84% 36.01% 7.09% N/A N/A N/A
Dow Jones EPAC Select Dividend™ Index 4.03% 11.93% 34.42% 6.21% 8.29% N/A 4.63%
MSCI World ex USA Index 5.65% 9.92% 33.60% 8.57% 10.36% N/A 6.43%
Quarter End Performance (as of 6/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 4.46% 12.92% 33.42% 5.50% 5.88% N/A 3.50%
After Tax Held 3.92% 12.28% 31.46% 3.81% 3.97% N/A 1.45%
After Tax Sold 2.64% 7.65% 19.67% 3.43% 3.64% N/A 1.70%
Market Price 4.25% 13.26% 35.01% 5.61% 6.14% N/A 3.57%
Index Performance **
S&P International Dividend Aristocrats 4.80% 13.84% 36.01% 7.09% N/A N/A N/A
Dow Jones EPAC Select Dividend™ Index 4.03% 11.93% 34.42% 6.21% 8.29% N/A 4.63%
MSCI World ex USA Index 5.65% 9.92% 33.60% 8.57% 10.36% N/A 6.43%
3-Year Statistics (as of 6/30/2021)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
FID 19.86% -2.81 1.04 0.30 0.95
Dow Jones EPAC Select Dividend™ Index 21.41% -2.69 1.14 0.33 0.97
MSCI World ex USA Index 18.06% --- 1.00 0.47 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, which covers developed markets excluding the United States.

MSCI World ex USA Index - The Index includes developed markets and is designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies.

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
7 Index yield represents the weighted average trailing 12-month dividend of the constituents of the S&P International Dividend Aristocrats.
8 Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
9 All market capitalization numbers are in USD$ Millions.
10 Inception Date is 8/22/2013

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Risk Considerations

A fund's return may not match the return of its underlying index. A fund invests in securities included in the index regardless of investment merit and the securities held by a fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, many countries continue to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

A fund's investment in dividend-paying securities may cause a fund to underperform similar funds that do not consider an issuer's track record of paying dividends.

A fund may be a constituent of one or more indices which could greatly affect a fund's trading activity, size and volatility.

There is no assurance that the index provider or its agents will compile or maintain the index accurately.

As inflation increases, the present value of the fund's assets and distributions may decline.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

S&P International Dividend Aristocrats Index (“Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the Index.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
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.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2021 All rights reserved.