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First Trust India NIFTY 50 Equal Weight ETF (NFTY)
Investment Objective/Strategy - The First Trust India NIFTY 50 Equal Weight ETF (the "Fund"), formerly First Trust Taiwan AlphaDEX® 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 NIFTY 50 Equal Weight Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NIFTY 50 Equal Weight Index is an equally weighted index that consists of the same companies as the NIFTY 50 Index, an index that tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.
  • The NIFTY 50 Equal Weight Index gives equal exposure to all 50 constituents. The same weight, or importance, is given to each stock in the index, allowing for the performance of smaller companies to contribute as much as the larger companies within the index.
  • To maintain the equal weight focus, the index is rebalanced quarterly and reconstituted semi-annually.
Fund Overview
Fund TypeIndia Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End12/31
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Expense Ratio0.80%
Current Fund Data (as of 6/23/2022)
Closing NAV1$41.11
Closing Market Price2$41.16
Bid/Ask Midpoint$41.11
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.54%
Total Net Assets$47,276,255
Outstanding Shares1,150,002
Daily Volume2,226
Average 30-Day Daily Volume890
Closing Market Price 52-Week High/Low$51.39 / $40.00
Closing NAV 52-Week High/Low$50.95 / $40.29
Number of Holdings (excluding cash)51
Top Holdings (as of 6/23/2022)*
Holding Percent
Mahindra & Mahindra Ltd. 2.93%
Eicher Motors Limited 2.60%
Hindustan Unilever Limited 2.50%
Hero MotoCorp Limited 2.47%
Britannia Industries Limited 2.43%
Maruti Suzuki India Limited 2.43%
Hdfc Life Insurance Company Limited 2.39%
ITC Limited 2.28%
Bajaj Auto Limited 2.25%
NTPC Limited 2.22%

* 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$1.2954
30-Day SEC Yield (as of 5/31/2022)50.71%
12-Month Distribution Rate (as of 5/31/2022)64.30%
Index Yield (as of 5/31/2022)71.91%
Fund Characteristics (as of 5/31/2022)9
Maximum Market Cap.$215,435
Median Market Cap.$20,385
Minimum Market Cap.$4,244
Price/Cash Flow17.04
Bid/Ask Premium/Discount (as of 6/23/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 106 16 17 ---
Days Traded at Discount 146 46 40 ---
Top Sector Exposure (as of 6/23/2022)
Financials 22.11%
Consumer Discretionary 16.56%
Materials 13.41%
Consumer Staples 11.58%
Health Care 9.87%
Information Technology 8.49%
Energy 7.70%
Utilities 4.38%
Industrials 3.92%
Communication Services 1.98%
Hypothetical Growth of $10,000 Since Inception (as of 6/23/2022) *