|
 |
|
-
The Board of Trustees of First Trust Exchange-Traded Fund III (the “Trust”) has approved a transaction to combine the First Trust RiverFront Dynamic Asia Pacific ETF (“RFAP”), an actively managed exchange-traded fund that seeks to provide capital appreciation, with First Trust RiverFront Dynamic Developed International ETF (“RFDI”), an actively managed exchange-traded fund that seeks to provide capital appreciation. Pursuant to this transaction, RFAP shareholders will become shareholders of RFDI. Shares of RFAP will be exchanged, on what is expected to be a tax-free basis for federal income tax purposes, for shares of RFDI with an equal aggregate net asset value, and RFAP shareholders will become shareholders of RFDI. More information can be found here.
Investment Objective/Strategy - The First Trust RiverFront Dynamic Developed International ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies, including through investments in common stock, depositary receipts and real estate investment trusts, and forward foreign currency exchange contracts.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | RFDI |
Fund Type | International Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
Portfolio Manager/Sub-Advisor | RiverFront Investment Group, LLC |
CUSIP | 33739P608 |
ISIN | US33739P6088 |
Intraday NAV | RFDIIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 4/13/2016 |
Inception Price | $50.73 |
Inception NAV | $50.73 |
Expense Ratio | 0.83% |
Closing NAV1 | $66.26 |
Closing Market Price2 | $66.21 |
Bid/Ask Midpoint | $66.15 |
Bid/Ask Discount | 0.17% |
30-Day Median Bid/Ask Spread3 | 0.06% |
Total Net Assets | $152,406,633 |
Outstanding Shares | 2,300,002 |
Daily Volume | 4,179 |
Average 30-Day Daily Volume | 9,094 |
Closing Market Price 52-Week High/Low | $66.50 / $39.70 |
Closing NAV 52-Week High/Low | $66.50 / $39.73 |
Number of Holdings (excluding cash) | 129 |
Holding |
Percent |
ASML Holding N.V. |
2.56% |
Roche Holding AG |
2.49% |
Nestle S.A. (Registered) |
2.31% |
Novartis AG |
2.02% |
Partners Group Holding AG |
1.74% |
Sony Corporation |
1.68% |
BHP Group Ltd |
1.60% |
Novo Nordisk A/S (Class B) |
1.59% |
Fortescue Metals Group Limited |
1.56% |
Tokyo Electron Limited |
1.55% |
* Excluding cash.
Holdings are subject to change.
Country |
Percent |
United Kingdom |
18.58% |
Japan |
15.17% |
Switzerland |
13.51% |
Australia |
8.35% |
Sweden |
7.70% |
Germany |
5.23% |
The Netherlands |
4.17% |
France |
3.63% |
Finland |
2.98% |
Denmark |
2.92% |
Past performance is not indicative of future results.
Maximum Market Cap. | $328,194 |
Median Market Cap. | $16,014 |
Minimum Market Cap. | $1,763 |
Price/Earnings | 19.48 |
Price/Book | 3.29 |
Price/Cash Flow | 13.56 |
Price/Sales | 2.32 |
Currency Hedge Ratio - Japanese Yen8 | 0.00% |
Currency Hedge Ratio - EURO8 | 0.00% |
Currency Hedge Ratio - British Pound8 | 0.00% |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
51 |
4 |
--- |
--- |
Days Traded at Discount |
202 |
10 |
--- |
--- |
Industrials
|
20.50%
|
Health Care
|
14.03%
|
Information Technology
|
12.94%
|
Financials
|
12.26%
|
Materials
|
11.41%
|
Consumer Discretionary
|
8.94%
|
Consumer Staples
|
6.88%
|
Communication Services
|
5.03%
|
Real Estate
|
3.68%
|
Utilities
|
3.42%
|
Energy
|
0.91%
|
|
|
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
RFDI |
18.31% |
-1.45 |
0.98 |
0.14 |
0.97 |
MSCI EAFE Index |
18.16% |
--- |
1.00 |
0.23 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
MSCI EAFE Index - The Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US & Canada.
|
|
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.
|