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First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Investment Objective/Strategy - The First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund. The 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 NASDAQ Technology Dividend IndexSM (the "Index").
There can be no assurance that the Fund's investment objectives will be achieved.
  • To be included in the index, the security must be listed on The Nasdaq Stock Market LLC, the New York Stock Exchange, or the NYSE Amex and classified as a technology or telecommunications company according to Industry Classification Benchmark (ICB).
  • Each security must have a minimum market capitalization of $500 million, have a minimum three-month average daily dollar trading volume of $1 million, have paid a regular or common dividend within the past 12 months; have a yield of at least 0.5%; have not had a decrease in common dividends per share paid within past 12 months; and may not be issued by an issuer currently in bankruptcy proceedings.
  • The index is evaluated semi-annually in March and September, but if at any time during the year other than the evaluation, an index security no longer meets the eligibility criteria, or is otherwise determined to have become ineligible for inclusion in the index, the security is removed from the Index and is not replaced.
  • The index employs a modified dividend value weighting methodology. At each evaluation, the index securities are classified as technology or telecommunications based on their ICB classification. The technology securities are given a collective weight of 80% and the telecommunications securities are given a collective weight of 20% in the index. The index weighting methodology includes caps to prevent high concentrations among larger stocks.
  • The index is rebalanced quarterly.
Fund Overview
TickerTDIV
Fund TypeTechnology
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33738R118
ISINUS33738R1187
Intraday NAVTDIVIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception8/13/2012
Inception Price$19.92
Inception NAV$19.92
Rebalance FrequencyQuarterly
Expense Ratio0.50%
Current Fund Data (as of 10/26/2021)
Closing NAV1$57.57
Closing Market Price2$57.57
Bid/Ask Midpoint$57.56
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$1,643,880,439
Outstanding Shares28,555,000
Daily Volume28,886
Average 30-Day Daily Volume47,469
Closing Market Price 52-Week High/Low$59.23 / $41.70
Closing NAV 52-Week High/Low$59.23 / $41.72
Number of Holdings (excluding cash)93
Top Holdings (as of 10/26/2021)*
Holding Percent
Broadcom Inc. 8.78%
Microsoft Corporation 8.40%
Apple Inc. 8.05%
International Business Machines Corporation 7.41%
Intel Corporation 7.31%
Oracle Corporation 4.45%
Texas Instruments Incorporated 4.22%
QUALCOMM Incorporated 3.68%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 3.48%
Analog Devices, Inc. 3.00%

* 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 10/27/2021)4$0.2371
30-Day SEC Yield (as of 9/30/2021)51.97%
12-Month Distribution Rate (as of 9/30/2021)61.89%
Index Yield (as of 9/30/2021)72.62%
Fund Characteristics (as of 9/30/2021)9
Maximum Market Cap.$2,339,018
Median Market Cap.$13,694
Minimum Market Cap.$508
Price/Earnings21.39
Price/Book4.10
Price/Cash Flow11.63
Price/Sales2.55
Bid/Ask Premium/Discount (as of 10/26/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 148 29 59 49
Days Traded at Discount 105 32 4 15
Top Industry Exposure (as of 10/26/2021)
Semiconductors & Semiconductor Equipment 37.03%
Software 15.26%
Technology Hardware, Storage & Peripherals 13.57%
Diversified Telecommunication Services 10.77%
IT Services 9.37%
Electronic Equipment, Instruments & Components 4.31%
Communications Equipment 3.84%
Wireless Telecommunication Services 2.90%
Media 1.92%
Professional Services 0.69%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *