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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 5/1/2024
Current Fund Data (as of 6/21/2024)
Closing NAV1$59.16
Closing Market Price2$59.44
Bid/Ask Midpoint$59.31
Bid/Ask Premium0.25%
30-Day Median Bid/Ask Spread30.35%
Total Net Assets$239,580,844
Outstanding Shares4,050,002
Daily Volume15,979
Average 30-Day Daily Volume26,531
Closing Market Price 52-Week High/Low$60.51 / $46.62
Closing NAV 52-Week High/Low$59.82 / $46.15
Number of Holdings (excluding cash)50
Top Holdings (as of 6/21/2024)*
Holding Percent
Mahindra & Mahindra Ltd. 2.82%
Divi's Laboratories Limited 2.46%
Hindalco Industries Limited 2.33%
Eicher Motors Limited 2.27%
Shriram Finance Limited 2.26%
Axis Bank Limited 2.23%
Tata Steel Limited 2.21%
Power Grid Corporation of India Limited 2.20%
Hero MotoCorp Limited 2.17%
Adani Ports and Special Economic Zone Limited 2.16%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 5/31/2024)4
Maximum Market Cap.$231,920
Median Market Cap.$33,846
Minimum Market Cap.$10,060
Price/Cash Flow19.77
Bid/Ask Premium/Discount (as of 6/21/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 227 57 53 ---
Days Traded at Discount 23 4 5 ---
Top Sector Exposure (as of 6/21/2024)
Financials 21.89%
Consumer Discretionary 14.68%
Materials 12.71%
Information Technology 11.33%
Health Care 9.74%
Consumer Staples 9.52%
Energy 7.80%
Industrials 5.90%
Utilities 4.28%
Communication Services 2.15%
Hypothetical Growth of $10,000 Since Inception (as of 6/20/2024) *