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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*0.52%
Net Expense Ratio*0.50%
* As of 5/3/2021
Expenses are capped contractually at 0.50% per year, at least until April 30, 2022.
Current Fund Data (as of 10/25/2021)
Closing NAV1$30.43
Closing Market Price2$30.42
Bid/Ask Midpoint$30.44
Bid/Ask Premium0.03%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$209,990,225
Outstanding Shares6,900,002
Daily Volume155,698
Average 30-Day Daily Volume86,820
Closing Market Price 52-Week High/Low$30.49 / $20.39
Closing NAV 52-Week High/Low$30.51 / $20.40
Number of Holdings (excluding cash)153
Top Holdings (as of 10/25/2021)*
Holding Percent
Prologis, Inc. 8.86%
Equinix, Inc. 6.10%
Public Storage 4.14%
Simon Property Group, Inc. 3.99%
Digital Realty Trust, Inc. 3.66%
Welltower Inc. 2.83%
AvalonBay Communities, Inc. 2.68%
Equity Residential 2.40%
Alexandria Real Estate Equities, Inc. 2.39%
Realty Income Corporation 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 10/26/2021)4$0.0595
30-Day SEC Yield (as of 9/30/2021)52.55%
Unsubsidized 30-Day SEC Yield (as of 9/30/2021)62.55%
12-Month Distribution Rate (as of 9/30/2021)71.75%
Index Yield (as of 9/30/2021)83.13%
Fund Characteristics (as of 9/30/2021)10
Maximum Market Cap.$92,724
Median Market Cap.$3,095
Minimum Market Cap.$130
Price/Earnings44.78
Price/Book2.57
Price/Cash Flow20.22
Price/Sales9.12
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 35 60 59
Days Traded at Discount 141 26 3 5
Top Sub-Industry Exposure (as of 10/25/2021)
Specialized REITs 23.80%
Residential REITs 19.39%
Industrial REITs 15.53%
Retail REITs 13.56%
Health Care REITs 10.11%
Office REITs 9.12%
Diversified REITs 5.06%
Hotel & Resort REITs 3.43%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *