First Trust Bloomberg Artificial Intelligence ETF (FAI)

First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund in the Technology category. It has $174.64M in assets, an expense ratio of 0.65% and a 0.00% dividend yield. 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.