Symbols

CARZ

First Trust S-Network Future Vehicles & Technology ETF·NASDAQ

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Key Stats

Assets Under Management

50.98MUSD

Fund Flows (1Y)

5.65MUSD

Dividend Yield

1.95%

Discount/Premium to NAV

0.15%

Shares Outstanding

600.00K

Expense Ratio

0.70%

About First Trust S-Network Future Vehicles & Technology ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/etf/ETFsummary.aspx?Ticker=CARZ

Inception Date

May 9, 2011

Structure

Open-Ended Fund

Index Tracked

S-Network Electric & Future Vehicle Ecosystem Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

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

CARZ invests in electric and autonomous vehicles, which it defines as "future vehicles” as well as on its related technology. The index includes companies that are primarily engaged in the following: (1) electric and autonomous vehicle manufacturing, (2) electric and autonomous vehicle enabling technologies, (3) electric and autonomous vehicle enabling materials, and (4) the development and manufacture of future automotive technology and products. It also includes technology companies focused on developing and supplying technology essential to manufacturing future vehicles. The index ranks the securities by market-cap and selects the top 100. These securities are weighted by float-adjusted market capitalization with a single security cap of 4.5%. Prior to Jan. 26, 2022, the fund name was First Trust NASDAQ Global Auto Index Fund. It followed the NASDAQ Global Auto Index, which focused on global automobile manufacturers.