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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 10/25/2021)
Closing NAV1$49.35
Closing Market Price2$49.00
Bid/Ask Midpoint$49.14
Bid/Ask Discount0.43%
30-Day Median Bid/Ask Spread30.49%
Total Net Assets$76,487,363
Outstanding Shares1,550,002
Daily Volume3,906
Average 30-Day Daily Volume8,362
Closing Market Price 52-Week High/Low$51.39 / $31.59
Closing NAV 52-Week High/Low$50.95 / $31.43
Number of Holdings (excluding cash)52
Top Holdings (as of 10/25/2021)*
Holding Percent
Tata Motors Limited 2.84%
ICICI Bank Limited 2.26%
Oil and Natural Gas Corporation Limited 2.26%
NTPC Limited 2.23%
State Bank of India 2.23%
Titan Company Limited 2.23%
Indian Oil Corporation Ltd. 2.16%
Mahindra & Mahindra Ltd. 2.15%
Power Grid Corporation of India Limited 2.15%
Sun Pharmaceutical Industries Limited 2.09%

* 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 10/26/2021)4$0.0765
30-Day SEC Yield (as of 9/30/2021)50.61%
12-Month Distribution Rate (as of 9/30/2021)60.50%
Index Yield (as of 9/30/2021)71.57%
Fund Characteristics (as of 9/30/2021)9
Maximum Market Cap.$215,732
Median Market Cap.$21,298
Minimum Market Cap.$4,239
Price/Cash Flow15.87
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 122 24 32 26
Days Traded at Discount 131 37 31 38
Top Sector Exposure (as of 10/25/2021)
Financials 22.38%
Materials 15.32%
Consumer Discretionary 14.68%
Energy 10.56%
Information Technology 9.61%
Consumer Staples 9.26%
Health Care 7.88%
Utilities 4.41%
Industrials 4.01%
Communication Services 1.89%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *