FAI – First Trust Bloomberg Art Int ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an index called the Bloomberg Artificial Intelligence Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. The index selects the top 50 companies based on a combination of the Revenue Assessment and market capitalization of companies stemming from Artificial Intelligence products and services utilizing data from Bloomberg Intelligence. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FAI	First Trust Bloomberg Artificial Intelligence ETF	ETF	Open	—	—	Nov 20, 2024	$239.13M	0.650%	—	—	$154.36M
FAI	First Trust Bloomberg Artificial Intelligence ETF	ETF	Open	—	—	Nov 20, 2024	—	0.650%	—	—	—

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