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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.
Index Description According to the Index Provider
  • 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 AgentBank of New York Mellon Corp
Fiscal Year-End12/31
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Expense Ratio*0.80%
* As of 5/1/2023
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
Current Fund Data (as of 9/29/2023)
Closing NAV1$48.61
Closing Market Price2$48.64
Bid/Ask Midpoint$48.41
Bid/Ask Discount0.42%
30-Day Median Bid/Ask Spread30.74%
Total Net Assets$102,071,117
Outstanding Shares2,100,002
Daily Volume60,760
Average 30-Day Daily Volume13,330
Closing Market Price 52-Week High/Low$49.46 / $41.05
Closing NAV 52-Week High/Low$49.07 / $40.99
Number of Holdings (excluding cash)50
Top Holdings (as of 9/29/2023)*
Holding Percent
Hindalco Industries Limited 2.09%
Larsen & Toubro Ltd. 2.08%
Coal India Limited 2.06%
Sun Pharmaceutical Industries Limited 2.06%
Axis Bank Limited 2.04%
Cipla Limited 2.04%
Dr. Reddy's Laboratories Limited 2.04%
NTPC Limited 2.04%
Oil and Natural Gas Corporation Limited 2.04%
Apollo Hospitals Enterprise Limited 2.03%

* 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 10/2/2023)4$0.0183
30-Day SEC Yield (as of 8/31/2023)50.93%
12-Month Distribution Rate (as of 8/31/2023)62.24%
Index Yield (as of 8/31/2023)71.65%
Fund Characteristics (as of 9/29/2023)8
Maximum Market Cap.$179,321
Median Market Cap.$25,794
Minimum Market Cap.$5,567
Price/Cash Flow15.97
Bid/Ask Premium/Discount (as of 9/29/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 110 60 62 53
Days Traded at Discount 141 2 0 10
Top Sector Exposure (as of 9/29/2023)
Financials 19.99%
Materials 14.02%
Consumer Discretionary 13.93%
Information Technology 11.73%
Health Care 10.20%
Consumer Staples 9.90%
Energy 8.08%
Industrials 6.06%
Utilities 4.06%
Communication Services 2.03%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2023) *