# First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fai for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Sector Equity - Strategy: Passive Index · Inception: 2024-11-20 FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. From its initial universe consisting of the broad US equity market space, securities are screened to identify those in the AI ecosystem through a revenue and theme assessment using fundamental data. Companies are then assigned a tier depending on the combined assessments. Those with the highest revenue derived from, and exposure to the AI theme, based on combined asses... ## Key Facts | Metric | Value | |---|---| | Price | $53.00 | | Expense Ratio | 0.65% | | Assets Under Management | $262.0M | | NAV | $55.15 | | Holdings Count | 50 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Irregular | | 52-Week Range | $35.54 – $59.21 | | Beta | 2.10 | ## Latest Distribution - Amount: $0.0120 /share - Ex-date: 2024-12-13 - Pay date: 2024-12-31 ## Frequently Asked Questions ### What does FAI invest in? FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. From its initial universe consisting of the broad US equity market space, securities are screened to identify those in the AI ecosystem through a revenue and theme assessment using fundamental data. Companies are then assigned a tier depending on the combined assessments. Those with the highest revenue derived from, and exposure to the AI theme, based on combined assessment score, are assigned into the gold tier. Within the gold tier, companies are then screened to belong to one of five exposure categories. The top 50 securities with a revenue assessment of 1 are finally selected for inclusion by size order. Constituents are then market-cap weighted with the top 5 securities capped at 8% and the rest at 4%. The Index is rebalanced and reconstituted quarterly. ### What is the expense ratio of FAI? First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FAI? First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) manages $262.0M 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 FAI actively managed or an index fund? FAI is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FAI's is 0.65%) because there's no security selection cost. ### When was FAI launched? First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) launched in November 2024 and is managed by First Trust. ### How has FAI performed? FAI'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. ### Does FAI pay a dividend? First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FAI pay dividends? First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FAI's dividend yield? FAI's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FAI's next ex-dividend date? The most recently announced ex-dividend date for FAI was 2024-12-13. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will FAI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.65% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FAI charge its expense ratio? The expense ratio is deducted in tiny daily slices from FAI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FAI cost more than a fund like VOO? FAI is a passive index fund (current expense ratio 0.65%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FAI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FAI (0.65%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fai - Distribution history: https://www.dividenddata.com/funds/fai/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fai/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fai/expenses - Peer comparison: https://www.dividenddata.com/funds/fai/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.