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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.
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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.
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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.
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To maintain the equal weight focus, the index is rebalanced quarterly and reconstituted semi-annually.
Ticker | NFTY |
Fund Type | India Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
CUSIP | 33737J802 |
ISIN | US33737J8027 |
Intraday NAV | NFTYIV |
Fiscal Year-End | 12/31 |
Exchange | Nasdaq |
Inception | 2/14/2012 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Rebalance Frequency | Quarterly |
Expense Ratio | 0.80% |
Closing NAV1 | $43.27 |
Closing Market Price2 | $42.19 |
Bid/Ask Midpoint | $42.65 |
Bid/Ask Discount | 1.44% |
30-Day Median Bid/Ask Spread3 | 1.15% |
Total Net Assets | $4,327,333 |
Outstanding Shares | 100,002 |
Daily Volume | 673 |
Average 30-Day Daily Volume | 1,241 |
Closing Market Price 52-Week High/Low | $43.41 / $20.59 |
Closing NAV 52-Week High/Low | $43.30 / $20.14 |
Number of Holdings (excluding cash) | 51 |
Holding |
Percent |
Tata Motors Limited |
3.33% |
Adani Ports and Special Economic Zone Limited |
2.71% |
Grasim Industries Limited |
2.60% |
State Bank of India |
2.56% |
Hindalco Industries Limited |
2.54% |
UPL Ltd. |
2.36% |
UltraTech Cement Limited |
2.32% |
IndusInd Bank Limited |
2.21% |
Bharat Petroleum Corporation Limited |
2.12% |
Tata Steel Limited |
2.10% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $178,752 |
Median Market Cap. | $16,860 |
Minimum Market Cap. | $5,326 |
Price/Book | 2.67 |
Price/Cash Flow | 14.80 |
Price/Sales | 1.42 |
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2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
122 |
10 |
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Days Traded at Discount |
131 |
32 |
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Financials
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22.41%
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Materials
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17.69%
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Consumer Discretionary
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14.61%
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Energy
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10.05%
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Information Technology
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9.30%
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Health Care
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6.69%
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Consumer Staples
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6.59%
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Utilities
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6.08%
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Industrials
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4.76%
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Communication Services
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1.82%
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NIFTY 50 Index - The Index tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.
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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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