First Trust S-Network Future Vehicles & Technology ETF

Frequently Asked Questions About CARZ

What does CARZ invest in?

The First Trust S-Network Future Vehicles & Technology ETF (CARZ), previously known as the First Trust NASDAQ Global Auto Index Fund, endeavors to generally mirror the price and income performance of the S-Network Electric & Future Vehicle Ecosystem Index, prior to accounting for its own operational costs. The fund typically allocates at least 90% of its total assets, which may include borrowed capital used for investment, to the common stocks and depository receipts that comprise this benchmark index.

What is the expense ratio of CARZ?

First Trust S-Network Future Vehicles & Technology ETF (CARZ) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CARZ?

First Trust S-Network Future Vehicles & Technology ETF (CARZ) manages $47.7M 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 CARZ actively managed or an index fund?

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

When was CARZ launched?

First Trust S-Network Future Vehicles & Technology ETF (CARZ) launched in May 2011 and is managed by First Trust.

How has CARZ performed?

CARZ'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.