First Trust S&P 500 Diversified Dividend Aristocrats ETF

Frequently Asked Questions About KNGZ

What does KNGZ invest in?

The First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) endeavors to achieve investment results that broadly mirror the market price movements and income stream (before its own operational costs) of a specific equity benchmark. This benchmark is known as the S&P 500 Sector-Neutral Dividend Aristocrats Index. Under typical market conditions, the Fund commits a minimum of 90% of its net assets (including any borrowed capital utilized for investment) to the securities that make up this Index. Adopting a passive indexing strategy, the Fund aims to precisely replicate, prior to its fees and expenses, the Index's comprehensive total return, which naturally includes all dividends distributed by the common stocks within it.

What is the expense ratio of KNGZ?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is KNGZ's dividend yield?

KNGZ's trailing-twelve-month yield is 2.57%, calculated from the sum of dividends over the past year divided by the current price.

How big is KNGZ?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) manages $62.9M 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 KNGZ actively managed or an index fund?

KNGZ 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 (KNGZ's is 0.50%) because there's no security selection cost.

When was KNGZ launched?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) launched in June 2017 and is managed by First Trust.