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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.
  • 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
TickerFRI
Fund TypeREIT
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734G108
ISINUS33734G1085
Intraday NAVFRIIV
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception5/8/2007
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.51%
Net Expense Ratio*0.50%
* As of 5/2/2022
Expenses are capped contractually at 0.50% per year, at least through April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 6/23/2022)
Closing NAV1$25.82
Closing Market Price2$25.80
Bid/Ask Midpoint$25.81
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$201,398,481
Outstanding Shares7,800,002
Daily Volume86,483
Average 30-Day Daily Volume106,869
Closing Market Price 52-Week High/Low$32.60 / $24.70
Closing NAV 52-Week High/Low$32.59 / $24.72
Number of Holdings (excluding cash)146
Top Holdings (as of 6/23/2022)*
Holding Percent
Prologis, Inc. 8.36%
Equinix, Inc. 5.89%
Public Storage 4.50%
Realty Income Corporation 3.91%
Digital Realty Trust, Inc. 3.72%
Welltower Inc. 3.54%
Simon Property Group, Inc. 3.03%
VICI Properties Inc. 2.69%
AvalonBay Communities, Inc. 2.63%
Equity Residential 2.38%

* 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 6/25/2022)4$0.1391
30-Day SEC Yield (as of 5/31/2022)52.89%
Unsubsidized 30-Day SEC Yield (as of 5/31/2022)62.89%
12-Month Distribution Rate (as of 5/31/2022)71.79%
Index Yield (as of 5/31/2022)83.23%
Fund Characteristics (as of 5/31/2022)10
Maximum Market Cap.$94,369
Median Market Cap.$3,086
Minimum Market Cap.$136
Price/Earnings32.00
Price/Book2.36
Price/Cash Flow16.36
Price/Sales8.32
Bid/Ask Premium/Discount (as of 6/23/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 202 37 39 ---
Days Traded at Discount 50 25 18 ---
Top Sub-Industry Exposure (as of 6/23/2022)
Specialized REITs 24.37%
Residential REITs 19.91%
Industrial REITs 15.17%
Retail REITs 14.67%
Health Care REITs 10.86%
Office REITs 7.67%
Diversified REITs 4.13%
Hotel & Resort REITs 3.22%
Hypothetical Growth of $10,000 Since Inception (as of 6/23/2022) *