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Investment Objective/Strategy - The First Trust Nasdaq Semiconductor ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called the Nasdaq US Smart Semiconductor™ Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Semiconductor™ Index so as to generate performance results 95% correlated to that of the Nasdaq US Smart Semiconductor™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Nasdaq US Smart Semiconductor™ Index is a modified factor weighted index created and administered by Nasdaq, Inc. (“Nasdaq”) designed to provide exposure to US companies within the semiconductor industry.
- Nasdaq ranks eligible semiconductor securities from the Nasdaq US Benchmark™ Index on three factors:
- Trailing 12-month return on assets;
- Trailing 12-month gross income;
- Momentum: the 3-, 6-, 9-, and 12-month average price appreciation.
- The bottom 25% of eligible companies based on the aggregate score from the above factors are eliminated and the remaining stocks make up the portfolio subject to the portfolio having 30-50 stocks.
- The securities are weighted based on their trailing 12-month cash flow subject to a maximum of 8% and minimum of 0.50%.
- The index is reconstituted and rebalanced semi-annually.
Ticker | FTXL |
Fund Type | Semiconductor |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33738R811 |
ISIN | US33738R8117 |
Intraday NAV | FTXLIV |
Fiscal Year-End | 03/31 |
Exchange | Nasdaq |
Inception | 9/20/2016 |
Inception Price | $19.93 |
Inception NAV | $19.93 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.60% |
* As of 8/1/2024
Closing NAV1 | $89.37 |
Closing Market Price2 | $89.55 |
Bid/Ask Midpoint | $89.38 |
Bid/Ask Premium | 0.01% |
30-Day Median Bid/Ask Spread3 | 0.11% |
Total Net Assets | $1,371,790,409 |
Outstanding Shares | 15,350,002 |
Daily Volume | 26,071 |
Average 30-Day Daily Volume | 24,021 |
Closing Market Price 52-Week High/Low | $107.11 / $62.18 |
Closing NAV 52-Week High/Low | $107.10 / $62.28 |
Number of Holdings (excluding cash) | 31 |
Holding |
Percent |
NVIDIA Corporation |
9.39% |
Intel Corporation |
8.72% |
Broadcom Inc. |
8.59% |
QUALCOMM Incorporated |
7.81% |
Applied Materials, Inc. |
7.70% |
Micron Technology, Inc. |
4.29% |
Analog Devices, Inc. |
3.98% |
Texas Instruments Incorporated |
3.96% |
NXP Semiconductors N.V. |
3.85% |
Lam Research Corporation |
3.77% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Among 235 funds in the Technology category. This fund was rated 3 stars/235 funds (3 years), 4 stars/202 funds (5 years) based on risk adjusted returns.
Maximum Market Cap. | $3,256,603 |
Median Market Cap. | $30,014 |
Minimum Market Cap. | $2,783 |
Price/Earnings | 31.50 |
Price/Book | 3.35 |
Price/Cash Flow | 18.56 |
Price/Sales | 3.02 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
165 |
37 |
38 |
39 |
Days Traded at Discount |
85 |
24 |
25 |
25 |
Semiconductors
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77.13%
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Production Technology Equipment
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22.87%
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Tracking Index: Nasdaq US Smart Semiconductor™ Index
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FTXL |
31.27% |
1.33 |
1.46 |
0.42 |
0.84 |
Nasdaq US Benchmark Semiconductors™ Index |
38.65% |
24.20 |
1.72 |
0.98 |
0.80 |
Nasdaq US Benchmark™ Index |
17.87% |
--- |
1.00 |
0.45 |
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.
Nasdaq US Benchmark Semiconductors™ Index - The Index is a float adjusted market capitalization-weighted index which includes securities in the US Benchmark Index that are classified in the Semiconductors Subsector according to the Industry Classification Benchmark. Nasdaq US Benchmark™ Index - The Index is a float adjusted market capitalization-weighted index designed to track the performance of securities assigned to the United States.
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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.
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