Fund Description
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.
Fund Profile
Fund Name First Trust Nasdaq Smartphone Index Fund
Fund Exchange Ticker FONE
Fund Sponsor First Trust
Fund ISIN US33737K1060
Net Expense Ratio 0.70 %
Fund Inception Date 17 February 2011
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Industry Sector
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Nasdaq CTA Smartphone Index
Index Provider Nasdaq
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent Not Applicable
Key Statistics
Return As of Date 22 March 2019
Asset Under Management 14.57 Million (USD)
1 Month Total Return 1.63 %
Year To Date Return 13.62 %
1 Year Total Return -9.79 %
3 Year Annualized Total Return 10.72 %
NAV 48.58
Share Outstanding 300,002
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
APPLE INC AAPL EQUI 0.0378000000
HTC Corporation 2498 EQUI 0.0373000000
LG ELECTRONICS INC 066570 EQUI 0.0364000000
KYOCERA CORP 6971 EQUI 0.0359000000
WISTRON CORP 3231 EQUI 0.0345000000
INVENTEC CORP 2356 EQUI 0.0343000000
LENOVO GROUP LTD 992 EQUI 0.0340000000
PEGATRON CORP 4938 EQUI 0.0334000000