ETF profile
First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF logo

First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI)

ETF overview

FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. From its initial universe consisting of the broad US equity market space, securities are screened to identify those in the AI ecosystem through a revenue and theme assessment using fundamental data. Companies are then assigned a tier depending on the combined assessments. Those with the highest revenue derived from, and exposure to the AI theme, based on combined assessment score, are assigned into the gold tier. Within the gold tier, companies are then screened to belong to one of five exposure categories. The top 50 securities with a revenue assessment of 1 are finally selected for inclusion by size order. Constituents are then market-cap weighted with the top 5 securities capped at 8% and the rest at 4%. The Index is rebalanced and reconstituted quarterly.

WebsiteN/A
CountryUnited States of America
ExchangeAMEX
Trades inUSD
Current price
57.86 USD+1.46%
Close 2 Oct 2026
Benchmarks

Fund facts

Expense ratio
0.65%
Fund assets
239.13M USD (all share classes)
Issuer
First Trust
Inception date
Nov 20, 2024
Number of holdings
50

Breakdown

Holdings (50)

NameTickerWeight
Microsoft CorporationMSFT9.51%
NVIDIA CorporationNVDA8.49%
Amazon.com, Inc.AMZN7.44%
Broadcom Inc.AVGO7.06%
Alphabet Inc. (Class A)GOOGL6.92%
Palantir Technologies Inc. (Class A)PLTR5.24%
Meta Platforms, Inc. (Class A)META4.51%
Advanced Micro Devices, Inc.AMD4.28%
Micron Technology, Inc.MU3.95%
Taiwan Semiconductor Manufacturing Company Ltd.2330.TW3.69%
and 37 more

Similar ETFs

Overlap is the share of assets the two funds hold in common.

Historical returns do not guarantee future returns. This is not investment advice.

First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI)

FAI · AMEX
57.86 USD+1.46%
Sign up to track this ETF
Benchmarks
Fund facts
Expense ratio
0.65%
Fund assets
239.13M USD (all share classes)
Issuer
First Trust
Inception date
Nov 20, 2024
Number of holdings
50
Breakdown
Holdings (50)
NameTickerWeight
Microsoft CorporationMSFT9.51%
NVIDIA CorporationNVDA8.49%
Amazon.com, Inc.AMZN7.44%
Broadcom Inc.AVGO7.06%
Alphabet Inc. (Class A)GOOGL6.92%
Palantir Technologies Inc. (Class A)PLTR5.24%
Meta Platforms, Inc. (Class A)META4.51%
Advanced Micro Devices, Inc.AMD4.28%
Micron Technology, Inc.MU3.95%
Taiwan Semiconductor Manufacturing Company Ltd.2330.TW3.69%
and 37 more
ETF overview

FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. From its initial universe consisting of the broad US equity market space, securities are screened to identify those in the AI ecosystem through a revenue and theme assessment using fundamental data. Companies are then assigned a tier depending on the combined assessments. Those with the highest revenue derived from, and exposure to the AI theme, based on combined assessment score, are assigned into the gold tier. Within the gold tier, companies are then screened to belong to one of five exposure categories. The top 50 securities with a revenue assessment of 1 are finally selected for inclusion by size order. Constituents are then market-cap weighted with the top 5 securities capped at 8% and the rest at 4%. The Index is rebalanced and reconstituted quarterly.

CountryUnited States of America
Trades inUSD
Similar ETFs

Overlap is the share of assets the two funds hold in common.

Historical returns do not guarantee future returns. This is not investment advice.

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