FRI

First Trust S&P REIT Index Fund

First Trust S&P REIT Index Fund seeks investment results that correspond generally to the S&P REIT Composite Index.


Rules-Based, Concentrated

MANAGEMENT MATRIX

BBRE

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMay 08, 2007
Assets (mns)$143
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PROLOGIS INC 10.7 %
EQUINIX INC 6.2 %
PUBLIC STORAGE 4.6 %
SIMON PROPERTY GROUP INC 3.9 %
REALTY INCOME CORP 3.8 %
WELLTOWER, INC. 3.3 %
VICI PROPERTIES INC 3.2 %
DIGITAL REALTY TRUST INC 3.2 %
AVALONBAY COMMUNITIES INC 2.4 %
ALEXANDRIA REAL ESTATE EQUIT 2.3 %
Constituent Breakdown
Number of holdings141
Herfindahl-Hirschman Index 304
Wgt avg mkt cap (mns)$28,238
Large cap (>$10bn)72.6%
Mid cap ($2-10bn)20.9%
Small cap (<$2bn)5.9%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 99.7 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-20.6% -13.8% 8.2% 1.1% 4.2% 6.8% 4.2%
Market Correlations
versus...BetaR-squared
S&P 5001.0081%
MSCI EAFE0.9573%
MSCI Emg Mkts0.7145%
Liquidity Measures
Avg. volume (000)81
Turnover1.4%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$5,473
Technical Indicators
Recent close$24.77
30d moving avg.$24.43
Annualized volatility23.4%
Relative strength (RSI)62
Short interest (ETF)0.0%
Short interest (underlying)3.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: FRI vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
6.0 14.7 2.0 4.2% --
Based on closing prices from 12/6/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FRI



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FRI

6.6%

Cat. Avg

6.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.6%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 874 funds in the US Equities category, with an average ALTAR Score™ of 6.6% and a standard deviation of 3.0%. FRI's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places FRI in the 50th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FRI
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FRI 50.0 8.1 58.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.