Symbols

FTXO

First Trust Nasdaq Bank ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

573.80MUSD

Fund Flow (1Y)

123.07MUSD

Dividend Yield

2.16%

Discount / Premium to NAV

-0.02%

Shares Outstanding

8.65M

Expense Ratio

0.60%

About First Trust Nasdaq Bank ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FTXO

Inception Date

Sep 20, 2016

Structure

Open-Ended Fund

Index Tracked

Nasdaq US Smart Banks 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

FTXO invests in liquid US banking companies, ranked and weighted by their volatility, value, and growth factors. The fund selects the 30 most liquid banking stocks, including companies involved in financial services, retail banking, loans, and transactions. These stocks are ranked based on their trailing one-year volatility, cash flow to price, and their average three-, six-, nine-, and twelve-month price returns, and weighted according to their respective scores. No single constituent can hold more than 8% of the total holdings. The index undergoes annual reconstitution and quarterly rebalance.