ETF overview
The First Trust Nasdaq Bank ETF is an exchange-traded fund primarily designed to largely track the performance of the Nasdaq US Smart Banks Index. Its main objective is to deliver investment results, encompassing both capital appreciation and income, that generally align with the index's returns, before accounting for the fund's own operational expenses. It accomplishes this by mirroring the underlying securities and their proportional allocations within the Nasdaq US Smart Banks Index, aiming for a performance correlation of at least 95% with that benchmark.
Fund facts
- Expense ratio
- 0.60%
- Fund assets
- 243.85M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Sep 20, 2016
- Number of holdings
- 50
Breakdown
Holdings (50)
| Name | Ticker | Weight |
|---|---|---|
| Wells Fargo & Company | WFC | 8.16% |
| JPMorgan Chase & Co. | JPM | 8.02% |
| U.S. Bancorp | USB | 8.02% |
| Citigroup Inc. | C | 7.94% |
| Bank of America Corporation | BAC | 6.95% |
| First Citizens BancShares, Inc. (Class A) | FCNCA | 4.12% |
| M&T Bank Corporation | MTB | 3.87% |
| Citizens Financial Group, Inc. | CFG | 3.87% |
| The PNC Financial Services Group, Inc. | PNC | 3.81% |
| Fifth Third Bancorp | FITB | 3.79% |
| and 37 more | ||
Similar ETFs
- iShares S&P U.S. Banks UCITS ETFBNKS.L · Overlap 76% · Expense ratio 0.35%
- Invesco KBW Bank ETFKBWB · Overlap 56% · Expense ratio 0.35%
- iShares U.S. Regional Banks ETFIAT · Overlap 51% · Expense ratio 0.37%
- BMO Equal Weight US Banks Index ETFZBK.TO · Overlap 58% · Expense ratio 0.39%
- State Street SPDR S&P Bank ETFKBE · Overlap 39% · Expense ratio 0.35%
- State Street SPDR S&P Regional Banking ETFKRE · Overlap 34% · Expense ratio 0.35%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.60%
- Fund assets
- 243.85M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Sep 20, 2016
- Number of holdings
- 50
| Name | Ticker | Weight |
|---|---|---|
| Wells Fargo & Company | WFC | 8.16% |
| JPMorgan Chase & Co. | JPM | 8.02% |
| U.S. Bancorp | USB | 8.02% |
| Citigroup Inc. | C | 7.94% |
| Bank of America Corporation | BAC | 6.95% |
| First Citizens BancShares, Inc. (Class A) | FCNCA | 4.12% |
| M&T Bank Corporation | MTB | 3.87% |
| Citizens Financial Group, Inc. | CFG | 3.87% |
| The PNC Financial Services Group, Inc. | PNC | 3.81% |
| Fifth Third Bancorp | FITB | 3.79% |
| and 37 more | ||
The First Trust Nasdaq Bank ETF is an exchange-traded fund primarily designed to largely track the performance of the Nasdaq US Smart Banks Index. Its main objective is to deliver investment results, encompassing both capital appreciation and income, that generally align with the index's returns, before accounting for the fund's own operational expenses. It accomplishes this by mirroring the underlying securities and their proportional allocations within the Nasdaq US Smart Banks Index, aiming for a performance correlation of at least 95% with that benchmark.
- iShares S&P U.S. Banks UCITS ETFBNKS.L · Overlap 76% · Expense ratio 0.35%
- Invesco KBW Bank ETFKBWB · Overlap 56% · Expense ratio 0.35%
- iShares U.S. Regional Banks ETFIAT · Overlap 51% · Expense ratio 0.37%
- BMO Equal Weight US Banks Index ETFZBK.TO · Overlap 58% · Expense ratio 0.39%
- State Street SPDR S&P Bank ETFKBE · Overlap 39% · Expense ratio 0.35%
- State Street SPDR S&P Regional Banking ETFKRE · Overlap 34% · Expense ratio 0.35%
Overlap is the share of assets the two funds hold in common.
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