Key stats
About First Trust Bloomberg Artificial Intelligence ETF
Home page
Inception date
Nov 20, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
ISIN
US33734X7396
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.29%
Technology Services52.54%
Electronic Technology36.76%
Retail Trade7.45%
Commercial Services2.03%
Producer Manufacturing0.50%
Bonds, Cash & Other0.71%
Cash0.71%
Stock breakdown by region
North America88.89%
Asia6.38%
Europe4.49%
Middle East0.24%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FAI invests in stocks. The fund's major sectors are Technology Services, with 52.54% stocks, and Electronic Technology, with 36.76% of the basket. The assets are mostly located in the North America region.
FAI top holdings are Alphabet Inc. Class A and NVIDIA Corporation, occupying 10.08% and 8.02% of the portfolio correspondingly.
FAI assets under management is 23.18 M USD. It's risen 23.90% over the last month.
FAI fund flows account for 18.62 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FAI pays dividends to its holders with the dividend yield of 0.04%. The last dividend (Dec 31, 2024) amounted to 0.01 USD. The dividends are paid quarterly.
FAI shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 20, 2024, and its management style is Passive.
FAI expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
FAI follows the Bloomberg Global Artificial Intelligence Select Index (CAD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FAI invests in stocks.
FAI price has risen by 4.59% over the last month, and its yearly performance shows a 30.83% increase. See more dynamics on FAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.89% over the last month, showed a 16.41% increase in three-month performance and has increased by 27.64% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.89% over the last month, showed a 16.41% increase in three-month performance and has increased by 27.64% in a year.
FAI trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.