- What are the top holdings of FAI?
- First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF holds 50 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does FAI have?
- FAI holds 50 positions as reported by the fund's most recent disclosure.
- What sectors does FAI invest in?
- First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is FAI most exposed to?
- FAI's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is FAI a US-only fund?
- The country allocation card on this page shows FAI's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- 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.
