
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.
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)
| Name | Ticker | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 9.51% |
| NVIDIA Corporation | NVDA | 8.49% |
| Amazon.com, Inc. | AMZN | 7.44% |
| Broadcom Inc. | AVGO | 7.06% |
| Alphabet Inc. (Class A) | GOOGL | 6.92% |
| Palantir Technologies Inc. (Class A) | PLTR | 5.24% |
| Meta Platforms, Inc. (Class A) | META | 4.51% |
| Advanced Micro Devices, Inc. | AMD | 4.28% |
| Micron Technology, Inc. | MU | 3.95% |
| Taiwan Semiconductor Manufacturing Company Ltd. | 2330.TW | 3.69% |
| and 37 more | ||
Similar ETFs
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- iShares Expanded Tech Sector ETFIGM · Overlap 56% · Expense ratio 0.37%
- WisdomTree U.S. Quality Growth FundQGRW · Overlap 54% · Expense ratio 0.28%
- T. Rowe Price Technology ETFTTEQ · Overlap 52% · Expense ratio 0.63%
- Franklin Focused Growth ETFFFOG · Overlap 52% · Expense ratio 0.41%
- PGIM Jennison Focused Growth ETFPJFG · Overlap 51% · Expense ratio 0.75%
- The RBB Fund Trust - Twin Oak Active Opportunities III ETFTOAO · Overlap 51% · Expense ratio 0.35%
- Goldman Sachs Technology Opportunities ETFGTOP · Overlap 51% · Expense ratio 0.65%
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)
- Expense ratio
- 0.65%
- Fund assets
- 239.13M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 20, 2024
- Number of holdings
- 50
| Name | Ticker | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 9.51% |
| NVIDIA Corporation | NVDA | 8.49% |
| Amazon.com, Inc. | AMZN | 7.44% |
| Broadcom Inc. | AVGO | 7.06% |
| Alphabet Inc. (Class A) | GOOGL | 6.92% |
| Palantir Technologies Inc. (Class A) | PLTR | 5.24% |
| Meta Platforms, Inc. (Class A) | META | 4.51% |
| Advanced Micro Devices, Inc. | AMD | 4.28% |
| Micron Technology, Inc. | MU | 3.95% |
| Taiwan Semiconductor Manufacturing Company Ltd. | 2330.TW | 3.69% |
| and 37 more | ||
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.
- Dan Ives Wedbush AI Revolution ETFIVES · Overlap 57% · Expense ratio 0.75%
- iShares Expanded Tech Sector ETFIGM · Overlap 56% · Expense ratio 0.37%
- WisdomTree U.S. Quality Growth FundQGRW · Overlap 54% · Expense ratio 0.28%
- T. Rowe Price Technology ETFTTEQ · Overlap 52% · Expense ratio 0.63%
- Franklin Focused Growth ETFFFOG · Overlap 52% · Expense ratio 0.41%
- PGIM Jennison Focused Growth ETFPJFG · Overlap 51% · Expense ratio 0.75%
- The RBB Fund Trust - Twin Oak Active Opportunities III ETFTOAO · Overlap 51% · Expense ratio 0.35%
- Goldman Sachs Technology Opportunities ETFGTOP · Overlap 51% · Expense ratio 0.65%
Overlap is the share of assets the two funds hold in common.
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