First Trust BICK Index Fund
Data updated: 2023-08-29
C000087412 — First Trust BICK Index Fund. China Mid Cap Blend / Core Equity · $12.13M AUM · 0.64% expense ratio. Holdings, fees, performance and SEC filings.
C000087412 Fund Overview
First Trust BICK Index Fund is a US mutual fund managed by First Trust Exchange-Traded Fund II, categorised as China Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: First Trust Exchange-Traded Fund II
- Category: China Mid Cap Blend / Core Equity
- Assets under management: $12.13M
- 1-year return: 4.8%
- SEC CIK: 0001364608
- SEC series ID: S000028547
- Share class ID: C000087412
C000087412 Investment Objective and Strategy
First Trust BICK Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Trust Exchange-Traded Fund II.
Investment objective
"The First Trust BICK Index Fund (the ""Fund"" ) seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the ISE BICK™ (Brazil, India, China, South Korea) (the ""Index"" )."
Principal investment strategy
"The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks or in depositary receipts representing securities in the Index. The Fund's investment advisor seeks to match the performance of the Index (before the Fund's fees and expenses). The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is developed, maintained and sponsored by Nasdaq, Inc. (the ""Index Provider"" ). The Index is designed to provide a benchmark for investors interested in tracking some of the largest and most liquid public companies that are domiciled in Brazil, India, China (including Hong Kong) and South Korea that are accessible for investment by U.S.
investors. The Index has been created to provide investors an opportunity to take advantage of both event-driven news and long-term economic trends as the economies of these countries continue to evolve. Nasdaq, Inc. reviews the Index components quarterly in March, June, September and December of each year for eligibility and weights the Index so that each country represents approximately 25% of the Index. Changes are announced on Nasdaq, Inc.'s publicly available website at www.indexes.nasdaqomx.com at least five trading days prior to the effective date. As of December 31, 2017, there were 91 securities that comprised the Index, 75 of which were of companies domiciled in each of Brazil, China and South Korea and 16 of which were domiciled in India. Also as of December 31, 2017, 18 Brazilian securities in the Index were common stocks trading on the Sao Paulo Stock Exchange and 7 Brazilian securities in the Index were Depositary Receipts trading on the New York Stock Exchange; 15 Chinese securities in the Index were H shares trading on the Hong Kong Stock Exchange and 10 Chinese securities in the Index were Depositary Receipts trading on Nasdaq or the New York Stock Exchange; 16 Indian securities in the Index were Depositary Receipts trading on Nasdaq, the New York Stock Exchange or the London Stock Exchange; and 25 South Korean securities in the Index were common stocks trading on the Korea Stock Exchange.
As of September 30, 2017, the Fund had significant investments in information technology and financial companies. The Fund intends to invest entirely in securities included in the Index; however, there may also be instances in which the Fund may be underweighted or overweighted in certain securities in the Index, not invest in certain securities included in the Index, purchase securities not in the Index that are appropriate to substitute for certain securities in the Index or utilize various combinations of the above techniques in seeking to track the Index."
C000087412 Holdings
Top 10 holdings of First Trust BICK Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dr Reddy's Laboratories Ltd | 2.69% |
| HDFC Bank Ltd | 2.54% |
| Reliance Industries Ltd | 2.48% |
| MakeMyTrip Ltd | 2.43% |
| State Bank of India | 2.38% |
| ICICI Bank Ltd | 2.37% |
| Infosys Ltd | 2.37% |
| ReNew Energy Global PLC | 2.36% |
| Wipro Ltd | 2.27% |
| WNS Holdings Ltd | 2.23% |
C000087412 Portfolio Allocation
Asset-class allocation of First Trust BICK Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
C000087412 Performance
Total returns for C000087412 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.8% |
| 3 years (annualised) | 2.5% |
C000087412 Risk Information
Risk metrics for C000087412, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.8%
C000087412 Costs and Fees
C000087412 costs about $64 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.64%
- Gross expense ratio: 0.64%
- Portfolio turnover: 126%
- Brokerage commissions: 18.08 bps of average net assets (SEC N-CEN)
C000087412 Cashflows
Over the 12 months to 2023-06, First Trust BICK Index Fund had net inflows of $74.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $0 |
| 2023-05 | $0 |
| 2023-04 | $0 |
| 2023-03 | $0 |
| 2023-02 | $1.31M |
| 2023-01 | $3.88M |
C000087412 Debt Constituents
No individual debt constituents are reported in First Trust BICK Index Fund's latest SEC N-PORT filing.
C000087412 Prospectus and SEC Filings
Official First Trust BICK Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus supplement (497) — filed 2023-02-01
- Portfolio holdings (N-PORT) — filed 2023-05-19
- Portfolio holdings (N-PORT) — filed 2023-02-24
- Annual census (N-CEN) — filed 2022-12-12
- Annual census (N-CEN) — filed 2020-12-11
- Portfolio holdings, amended (N-PORT/A) — filed 2023-08-29
Related Funds
Other China Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.