CARZFirst Trust NASDAQ Global Auto Index Fund
CARZ Fund Description
CARZ tracks a market-cap-weighted index of global auto manufacturing firms.
CARZ Factset Analytics Insight
CARZ does not capture the broad, global automobile industry. Instead, it is a global automakers fund—CARZ has big stakes in the brand-name companies that manufacture cars often seen on the road, but there are no positions in the upstream part suppliers and accessory manufacturers. A huge portion of the fund’s portfolio is allocated to Japanese, German and American automakers—the fund is light on emerging markets, in general. The fund’s index selects and weights stocks by market cap, with individual weights capped at 8%. The index is reconstituted annually and rebalanced quarterly.
CARZ MSCI ESG Analytics Insight
First Trust NASDAQ Global Auto Index Fund has an MSCI ESG Fund Rating of BBB based on a score of 5.53 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust NASDAQ Global Auto Index Fund ranks in the 27th percentile within its peer group and in the 27th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
CARZ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
CARZ Summary Data
CARZ Portfolio Data
CARZ Index Data
CARZ Portfolio Management
CARZ Tax Exposures
CARZ Fund Structure
CARZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CARZ. CARZ is rated a 5 out of 5.
CARZ Economic Development
CARZ Performance Statistics
CARZ MSCI ESG Ratings
CARZ Benchmark Comparison Summary
CARZ Benchmark Comparison Market Cap Size