- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Feb 18, 2011
- Business
- First Trust IndXX NextG ETF (ticker: FONE) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the Indxx 5G & NextG Thematic Index. The fund invests in a portfolio of equity securities of companies that have devoted or have committed to devote material resources to the research, development, and application of fifth generation (5G) and next generation (NextG) digital cellular technologies, including components such as semiconductors; network infrastructure equipment like base stations, small cells, and antennas; mobile and fixed wireless handsets and devices; software and services supporting digital cellular networks; transmission and fiber optic cables; satellite systems; and data center real estate investment trusts. Holdings span sectors including technology (64%), communication services (24%), and real estate (7%), with geographic exposure to the United States (38%), developed Asia (18%), emerging Asia (13%), the Eurozone (10%), and Japan (10%); top holdings as of late 2025 include Delta Electronics Inc., Ciena Corp., Analog Devices Inc., Qorvo Inc., and Motorola Solutions Inc.
Launched on February 17, 2011, and domiciled in the United States, the ETF is issued and managed by First Trust Advisors L.P., a privately held investment advisor founded in 1991 and headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois. The fund targets investors seeking exposure to the evolving telecommunications and technology sectors, particularly 5G and beyond, through a diversified portfolio of approximately 109 holdings with an expense ratio of 0.70% and assets under management exceeding $400 million as of late 2025. It trades on Nasdaq and pays quarterly dividends with a trailing 12-month yield of approximately 1.48%.
In a major strategic shift on May 30, 2019, the fund changed its underlying index from the Nasdaq CTA Smartphone Index—its original focus on smartphone-related companies—to the Indxx 5G & NextG Thematic Index, prompting a name update from First Trust NASDAQ CEA Smartphone Index Fund to its current branding (with ticker transitioning from legacy references to FONE/NXTG variants). First Trust, as issuer, has pursued broader expansions including new ETF launches such as Bitcoin strategy funds in April 2025 and fixed income products in February 2024, alongside mergers of energy funds into the FT Energy Income Partners Enhanced Income ETF in May 2024 and other portfolio realignments like the September 2025 renaming of the EIP Carbon Impact ETF to First Trust EIP Power Solutions ETF (FPWR). These changes reflect ongoing adaptation to market themes amid collective assets under management or supervision surpassing $226 billion as of early 2024.