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First Trust S&P REIT Index Fund (FRI)
Investment Objective/Strategy - The First Trust S&P REIT Index Fund is an exchange-traded fund. This exchange-traded Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the S&P United States REIT Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The S&P United States REIT Index measures the investable U.S. real estate investment trust market and maintains a constituency that reflects the market's overall composition.
  • All securities added to the S&P United States REIT Index must meet certain liquidity and market capitalization requirements.
  • The Standard & Poor's Index Committee, a team of Standard & Poor's economists and index analysts, maintains the S&P United States REIT Index. Maintenance includes implementation of daily corporate actions, quarterly updates of significant events, and annual portfolio reconstitution each September. Share adjustments that exceed 5% are made at the time of the change. Share adjustments of less than 5% are made on a quarterly basis.
Fund Overview
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.50%
Net Expense Ratio*0.50%
* As of 5/1/2023
Expenses are capped contractually at 0.50% per year, at least through April 30, 2024.
Current Fund Data (as of 4/12/2024)
Closing NAV1$24.73
Closing Market Price2$24.70
Bid/Ask Midpoint$24.72
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$112,526,533
Outstanding Shares4,550,002
Daily Volume14,814
Average 30-Day Daily Volume29,264
Closing Market Price 52-Week High/Low$26.67 / $21.37
Closing NAV 52-Week High/Low$26.68 / $21.38
Number of Holdings (excluding cash)133
Top Holdings (as of 4/12/2024)*
Holding Percent
Prologis, Inc. 10.90%
Equinix, Inc. 7.11%
Welltower Inc. 4.66%
Simon Property Group, Inc. 4.57%
Realty Income Corporation 4.29%
Digital Realty Trust, Inc. 4.28%
Public Storage 4.27%
Extra Space Storage Inc. 2.95%
VICI Properties Inc. 2.87%
AvalonBay Communities, Inc. 2.59%

* 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 4/14/2024)4$0.0975
30-Day SEC Yield (as of 3/28/2024)53.64%
Unsubsidized 30-Day SEC Yield (as of 3/28/2024)63.60%
12-Month Distribution Rate (as of 3/28/2024)73.65%
Index Yield (as of 3/28/2024)84.07%
Fund Characteristics (as of 3/28/2024)9
Maximum Market Cap.$120,438
Median Market Cap.$2,727
Minimum Market Cap.$78
Price/Cash Flow15.85
Bid/Ask Premium/Discount (as of 4/12/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 95 42 3 ---
Days Traded at Discount 155 19 7 ---
Top Sub-Industry Exposure (as of 4/12/2024)
Retail REITs 16.68%
Industrial REITs 16.00%
Data Center REITs 11.50%
Multi-Family Residential REITs 11.40%
Health Care REITs 10.49%
Self-Storage REITs 8.56%
Office REITs 5.95%
Single-Family Residential REITs 5.83%
Hotel & Resort REITs 3.94%
Hypothetical Growth of $10,000 Since Inception (as of 4/11/2024) *