First Trust Nasdaq Pharmaceuticals ETFFirst Trust Nasdaq Pharmaceuticals ETFFirst Trust Nasdaq Pharmaceuticals ETF

First Trust Nasdaq Pharmaceuticals ETF

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Key stats


Assets under management (AUM)
‪16.95 M‬USD
Fund flows (1Y)
‪−5.40 M‬USD
Dividend yield (indicated)
1.55%
Discount/Premium to NAV
−0.3%

About First Trust Nasdaq Pharmaceuticals ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.60%
Inception date
Sep 20, 2016
Index tracked
Nasdaq US Smart Pharmaceuticals Index
Management style
Passive
FTXH holds a concentrated basket of 30 highly liquid pharmaceutical stocks weighted according to various factors. While many funds perform a basic liquidity screen as part of their index construction and rebalancing, FTXH goes beyond the basic screen and uses liquidity for selection. The 30 most liquid pharmaceutical stocks in the US are chosen for inclusion in the index as determined by 3-month average daily traded volume. The selected constituents are then ranked and weighted on three different factors: 1) strong growth, as exhibited by 3-, 6-, 9-, and 12-month average price returns, 2) attractive value, evaluated by cash-flow-to-price, and 3) low volatility, based on historical price fluctuations. Single security weights are capped at 8%. The index is rebalanced quarterly and reconstituted annually.

Classification


Asset Class
Equity
Category
Sector
Focus
Health care
Niche
Pharmaceuticals
Strategy
Multi-factor
Weighting scheme
Multi-factor
Selection criteria
Liquidity
What's in the fund
Exposure type
StocksBonds, Cash & Other
Health Technology
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
SellBuy
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Displays a symbol's price movements over previous years to identify recurring trends.