First Trust Nasdaq Smartphone Index Fund

The First Trust NASDAQ Smartphone Index Fund is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq CTA Smartphone Index. The index is designed to track the performance of companies engaged in the smartphone segment of the telecom and technology sectors. To be eligible for the index, issuers of the securities must be classified as a smartphone company as determined by the Consumer Technology Association. Component securities must be listed on an index-eligible global stock exchange, as determined by the NASDAQ OMX, have a minimum worldwide market capitalization of $250 million, have a minimum free float of 20%, and have a minimum three-month average daily dollar trading volume of $1 million. 45% of the index weight is allocated to Handsets, 45% of the index weight is allocated to Software Applications and Hardware Components, and 10% of the index weight is allocated to Network Providers. Index components are equally weighted within each business segment. Index components are reconstituted semi-annually and rebalanced quarterly.
Key Statistics
Return As of Date
22 May 2019
Assets Under Management
$14.09M (USD)
1 Month Total Return
-8.64%
Year to Date Return
9.18%
 
1 Year Total Return
-7.43%
3 Year Annualized Total Return
11.56%
NAV
46.96
Share Outstanding
300002
Fund Overview
Exchange Ticker
FONE
Sponsor
First Trust
Bloomberg Ticker
FONE:US
ETF Type
Global or ExUS Equities - Industry Sector
Active / Passive
Passive
 
ISIN
US33737K1060
Inception Date
02/17/2011
Legal Structure
ETF (Open end fund)
Exchange
NASDAQ
Fund Costs
Net Expense Ratio
0.7 %
 
Fund Features
Asset Class
Equities (Stocks)
Other Asset Types
Not Applicable
Domestic / International
Global
Developed / Emerging
Funds Combining Developed & Emerging Exposure
Continent
Not Applicable
Country
Not Applicable
Cross Sector Theme
Not Applicable
Sector
Technology
Industry
Not Applicable
 
Bond Type
Not Applicable
Average Maturity
Not Applicable
Bond Currency Denomination
Not Applicable
Credit Quality
Not Applicable
Floating Rate
Not Applicable
Currency Hedged
No
Derivatives Based
Not Primarily Derivatives Based
Inverse Leveraged
Not Applicable
Index Details
Index Name
Nasdaq CTA Smartphone Index
Index Family
Not Applicable
Broader Index Family
Not Applicable
 
Index Weighting Scheme
Other Weighting
Index Provider
Nasdaq
Fund Family
First Trust Sector Funds