First Trust Nasdaq Bank ETF

Frequently Asked Questions About FTXO

What does FTXO invest in?

The First Trust Nasdaq Bank ETF is an exchange-traded fund primarily designed to largely track the performance of the Nasdaq US Smart Banks Index. Its main objective is to deliver investment results, encompassing both capital appreciation and income, that generally align with the index's returns, before accounting for the fund's own operational expenses. It accomplishes this by mirroring the underlying securities and their proportional allocations within the Nasdaq US Smart Banks Index, aiming for a performance correlation of at least 95% with that benchmark.

What is the expense ratio of FTXO?

First Trust Nasdaq Bank ETF (FTXO) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FTXO?

First Trust Nasdaq Bank ETF (FTXO) manages $304.7M 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 FTXO actively managed or an index fund?

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

When was FTXO launched?

First Trust Nasdaq Bank ETF (FTXO) launched in September 2016 and is managed by First Trust.

How has FTXO performed?

FTXO'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.