Symbols

FRI

First Trust S&P REIT Index Fund·ARCA

--(--)

Key Stats

Assets Under Management

156.04MUSD

Fund Flows (1Y)

-15.34MUSD

Dividend Yield

2.91%

Discount/Premium to NAV

0.04%

Shares Outstanding

5.60M

Expense Ratio

0.49%

About First Trust S&P REIT Index Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=Fri

Inception Date

May 8, 2007

Structure

Open-Ended Fund

Index Tracked

S&P United States REIT Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FRI captures the US real estate market from top to bottom by holding a large basket of securities that traverse the market-cap range. The fund holds Real Estate Investment Trusts (REITs), stretching across multiple sub-sectors from the broad space. The fund's defining trait is its diversity: Its holdings cut across all sectors and market-caps. Reasonably marketlike, the ETF roughly captures commercial and residential REITs. It also includes specialized REITs such as hotels and hospitals, but excludes timber, mortgage, and mortgage-backed REITs. The index is reviewed annually but with quarterly IPO additions.