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2024 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
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™ Index (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 Nasdaq, Inc., 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.
| Ticker | TDIV |
| Fund Type | Technology |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | Bank of New York Mellon Corp |
| CUSIP | 33738R118 |
| ISIN | US33738R1187 |
| Intraday NAV | TDIVIV |
| Fiscal Year-End | 09/30 |
| Exchange | Nasdaq |
| Inception | 8/13/2012 |
| Inception Price | $19.92 |
| Inception NAV | $19.92 |
| Rebalance Frequency | Quarterly |
| Total Expense Ratio* | 0.50% |
* As of 2/1/2024
| Closing NAV1 | $79.92 |
| Closing Market Price2 | $79.97 |
| Bid/Ask Midpoint | $79.94 |
| Bid/Ask Premium | 0.02% |
| 30-Day Median Bid/Ask Spread3 | 0.04% |
| Total Net Assets | $2,893,344,680 |
| Outstanding Shares | 36,205,000 |
| Daily Volume | 52,086 |
| Average 30-Day Daily Volume | 89,967 |
| Closing Market Price 52-Week High/Low | $82.13 / $60.72 |
| Closing NAV 52-Week High/Low | $82.17 / $60.69 |
| Number of Holdings (excluding cash) | 86 |
| Holding |
Percent |
| Oracle Corporation |
9.21% |
| International Business Machines Corporation |
8.76% |
| Microsoft Corporation |
7.90% |
| Broadcom Inc. |
7.75% |
| Texas Instruments Incorporated |
7.11% |
| Taiwan Semiconductor Manufacturing Company Ltd. (ADR) |
3.92% |
| QUALCOMM Incorporated |
3.52% |
| Analog Devices, Inc. |
2.77% |
| T-Mobile US, Inc. |
2.42% |
| Cisco Systems, Inc. |
2.28% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 237 funds in the Technology category. This fund was rated 5 stars/237 funds (3 years), 4 stars/203 funds (5 years), 3 stars/158 funds (10 years) based on risk adjusted returns.
| Maximum Market Cap. | $3,021,164 |
| Median Market Cap. | $19,788 |
| Minimum Market Cap. | $546 |
| Price/Earnings | 27.35 |
| Price/Book | 4.82 |
| Price/Cash Flow | 15.34 |
| Price/Sales | 2.98 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
| Days Traded at Premium |
184 |
34 |
40 |
40 |
| Days Traded at Discount |
66 |
27 |
23 |
24 |
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Semiconductors & Semiconductor Equipment
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34.61%
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Software
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21.24%
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IT Services
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10.57%
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Diversified Telecommunication Services
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9.01%
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Technology Hardware, Storage & Peripherals
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6.06%
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Communications Equipment
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5.42%
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Electronic Equipment, Instruments & Components
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5.04%
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Wireless Telecommunication Services
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3.93%
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Media
|
2.33%
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Professional Services
|
1.51%
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