- Business
- First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before fees and expenses, of the Nasdaq US Smart Oil & Gas Index. The fund normally invests at least 90% of its net assets in the common stocks and depositary receipts that comprise the index, which includes up to 50 U.S. oil and gas companies selected based on liquidity and weighted by a combination of volatility, value, and growth factors; top holdings as of late 2025 include Exxon Mobil Corp. (8%), Chevron Corp. (8%), ConocoPhillips (8%), EOG Resources Inc., Occidental Petroleum Corp., Marathon Petroleum Corp., Diamondback Energy Inc., and Cheniere Energy Inc., among others representing oil and gas exploration and production, refining and marketing, pipelines, and equipment and services sectors. FTXN provides targeted exposure to the U.S. energy sector, focusing on oil and gas sub-industries for institutional and retail investors seeking sector-specific equity investments.
Launched on September 20, 2016 and domiciled in the United States, FTXN is issued and managed by First Trust Advisors L.P., a privately held investment adviser founded in 1991 and headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187. The fund trades on the Nasdaq exchange and maintains a non-diversified portfolio concentrated in mid- and large-cap energy equities, with geographic operations limited to U.S.-listed securities. It is part of First Trust Exchange-Traded Fund VI, with no reported subsidiaries or parent company relationships specific to FTXN.
In recent developments, First Trust Advisors L.P., the fund's sponsor, completed the reorganization of First Trust Specialty Finance and Financial Opportunities Fund into FT Confluence BDC & Specialty Finance Income ETF on June 30, 2025, expanding its actively managed ETF lineup amid a broader portfolio that exceeds 235 funds. The firm announced distributions for FTXN and numerous other ETFs in December 2025, including quarterly payouts such as $0.178 per share ex-date September 25, 2025, reflecting ongoing income generation for investors. No specific acquisitions, partnerships, new product launches, or strategic shifts directly affecting FTXN were reported in 2024-2025, though First Trust continues routine index rebalancing and portfolio adjustments aligned with the Nasdaq US Smart Oil & Gas Index methodology.