First Trust S-Network Future Vehicles & Technology ETF
CARZ
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- First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that tracks the S-Network Future Vehicles & Technology Index, focusing on companies involved in the development and production of future vehicles and related technologies. The ETF provides investors with exposure to global equities in sectors including autonomous and electric vehicles, vehicle components, battery technology, ride-sharing services, and advanced materials; it holds approximately 70-80 stocks selected based on revenue thresholds and thematic relevance, with weightings capped to ensure diversification. Launched in 2012 and domiciled in the United States under the management of First Trust Advisors LP, headquartered in Wheaton, Illinois, CARZ operates primarily in developed and emerging markets worldwide, targeting institutional and retail investors interested in the transportation technology megatrend. The fund's portfolio emphasizes companies across the future mobility ecosystem, such as electric vehicle manufacturers like Tesla and BYD; autonomous driving technology providers like Mobileye and Aptiv; battery and powertrain innovators like Panasonic and LG Energy Solution; semiconductor firms supporting ADAS (advanced driver-assistance systems) like NVIDIA and Qualcomm; and software platforms for connected vehicles including Uber Technologies and Aurora Innovation. In recent developments, CARZ benefited from the broader ETF industry's shift toward thematic investing amid accelerating electric vehicle adoption, with notable portfolio adjustments in 2024-2025 to incorporate leaders in solid-state batteries and Level 4 autonomy following major industry announcements like Tesla's Robotaxi unveil and partnerships between legacy automakers and tech firms; First Trust also expanded its ETF suite with complementary funds in AI and clean energy, enhancing distribution through strategic alliances with platforms like Robinhood and Fidelity for improved retail access. No major reorganizations or name changes have occurred, but the fund maintained strong inflows during the 2025 market rally driven by President Trump's pro-manufacturing policies supporting U.S. vehicle tech production.