Symbols

FTXL

First Trust Nasdaq Semiconductor ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

1.61BUSD

Fund Flows (1Y)

869.42MUSD

Dividend Yield

0.24%

Discount/Premium to NAV

-0.13%

Shares Outstanding

10.40M

Expense Ratio

0.60%

About First Trust Nasdaq Semiconductor ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=FTXL

Inception Date

Sep 20, 2016

Structure

Open-Ended Fund

Index Tracked

Nasdaq US Smart Semiconductor 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

FTXL tracks an index of highly liquid semiconductor stocks weighted according to various factors. While many funds perform a basic liquidity screen as part of their index construction and rebalancing, FTXL is noteworthy because it goes beyond the basic screen and uses liquidity selection. The 30 most liquid semiconductor stocks in the US are chosen for inclusion in the index as determined by the average daily traded volume over three months. The securities are then ranked and weighed according to value, volatility, and growth factors. Value is measured using a cash flow to price metric. The trailing one- year volatility provides another factor. Growth is considered using the average of the 3, 6, 9, and 12-month price return. The five highest ranking securities will be capped at 8% and the remaining securities will be capped at 4%. The index is reconstituted annually and rebalanced quarterly.