First Trust Indxx Metaverse ETF

Frequently Asked Questions About ARVR

What does ARVR invest in?

The First Trust Indxx Metaverse ETF (referred to as "the Fund") is designed to closely mirror the investment performance of the Indxx Metaverse Index, its underlying equity benchmark. Its goal is to replicate the total return (both capital growth and income generation) of this index, before considering the Fund's own management fees and operating costs. Typically, the Fund will commit a minimum of 80% of its total investment capital (including any funds borrowed for investment purposes) to the specific common shares and depositary receipts that constitute the Index.

What is the expense ratio of ARVR?

First Trust Indxx Metaverse ETF (ARVR) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ARVR?

First Trust Indxx Metaverse ETF (ARVR) manages $5.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ARVR actively managed or an index fund?

ARVR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ARVR launched?

First Trust Indxx Metaverse ETF (ARVR) launched in April 2022 and is managed by First Trust.

How has ARVR performed?

ARVR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.