NASDAQ | ETF
The fund will normally invest at least 80% of its net assets in the ETFs that comprise the index.
The index is designed to provide targeted exposure to the five First Trust sector and industry-based ETFs that the index determines offer the greatest potential to outperform the other First Trust sector and industry-based ETFs and that satisfy certain trading volume and liquidity requirements.
Top 6 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| FTSM | First Trust Enhanced Short Maturity ETF | 33.44% | ||
| FDN | First Trust Exchange-Traded Fund - First Trust Dow Jones Internet Index Fund | 21.33% | ||
| FXR | First Trust Exchange-Traded AlphaDEX Fund - First Trust Industrials/Producer Durables AlphaDEX Fund | 21.06% | ||
| QTEC | First Trust Exchange-Traded Fund - First Trust NASDAQ-100-Technology Sector Index Fund | 19.62% | ||
| FTXL | First Trust Nasdaq Semiconductor ETF | 18.99% | ||
| FXD | First Trust Consumer Discretionary AlphaDEX® Fund | 18.98% |