FRI
First Trust S&P REIT Index Fund
First Trust Exchange-Traded Fund
ETFIndex fund
Expense ratio1
0.49%
Net assets2
$154.93M
Holdings2
132
Category
US Equity
2025 return3
2.83%

Investment objective & strategy

As of April 30, 2025 · prospectus

Objective. The First Trust S&P REIT Index 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 S&P United States REIT Index (the Index ).

Strategy. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by S&P Dow Jones Indices LLC (the Index Provider ). The Index Provider reserves the right to make exceptions when applying the methodology if the need arises. In addition, the Index Provider may revise Index policy covering rules for selecting companies, treatment of dividends, share counts or other matters. The Index seeks to measure the performance of publicly-traded real estate investment trusts ( "REITs" ) domiciled in the United States that meet … The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by S&P Dow Jones Indices LLC (the Index Provider ). The Index Provider reserves the right to make exceptions when applying the methodology if the need arises. In addition, the Index Provider may revise Index policy covering rules for selecting companies, treatment of dividends, share counts or other matters. The Index seeks to measure the performance of publicly-traded real estate investment trusts ( "REITs" ) domiciled in the United States that meet certain eligibility requirements. Generally, REITs are companies that own and most often actively manage income-generating commercial real estate. Some REITs make or invest in loans and other obligations that are secured by real estate collateral. REITs receive special tax considerations and can be a liquid method of investing in real estate. The S&P Global Property Index, which is a market capitalization-weighted index that contains property companies engaged in real estate ownership, development and/or management that trade in developed and emerging countries, serves as the initial universe for the Index. According to the Index Provider, the constituents of the S&P Global Property Index are drawn from the S&P Global Broad Market Index, which is an index that measures global stock market performance and excludes securities issued by companies with a float-adjusted market capitalization of less than or equal to $100 million. According to the Index Provider, the Index does not include timber REITs, mortgage REITs, tower REITs or mortgage-backed REITs. Securities selected for inclusion in the Index are weighted pursuant to a float-adjusted market capitalization weighted methodology. The Index Provider may make changes to the Indexs methodology or constituents on an as-needed basis. The Fund may contain securities issued by small, mid and large capitalization companies. The Index is rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Indexs quarterly rebalance schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 31, 2025, the Index was composed of 137 securities and the Fund had significant investments in real estate companies, although this may change from time to time. The Funds investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 31, 2025. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
WELLTOWER INC $17.52M 11.31%
PROLOGIS INC REIT $15.60M 10.07%
SIMON PROPERTY $7.52M 4.85%
EQUINIX INC $7.43M 4.79%
DIGITAL REALTY TRUST INC $7.39M 4.77%
REALTY INCOME CORP REIT $7.15M 4.61%
PUBLIC STORAGE $5.43M 3.51%
MSILF Treasury Portfolio, Class Institutional MISXX $5.04M 3.26%
VENTAS INC REIT $4.93M 3.18%
IRON MOUNTAIN INC $3.84M 2.48%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
1
Exited
5
Increased
121
Decreased
10
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
First Trust Advisors L.P. Adviser

Footnotes

  1. Expense ratio as of April 30, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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