IQ
FTRI
First Trust Indxx Global Natural Resources Income ETF
Category ThemesIssuer First TrustNet assets $113mFee 0.70%
Trading · First Trust Indxx Global Natural Resources Income ETF

FTRI bid-ask spread and liquidity

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As of Nov 3, 2026, FTRI’s median bid-ask spread over 30 days was 0.12%.

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askIQ about FTRI bid-ask spread and liquidity
Cost at your sizeFTRI fund page
·
Not scored

IQ Liquidity Score

· 2 of 6 measured · Nov 4, 2026
$6.00
one way, a $10,000 order
$1.9m
its holdings can absorb a day, at most
−0.30%
latest close, Nov 3
±0.30%
95% of days within
0 · Hard to trade100 · Trades like a giant

How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →

One dealer
Cost to trade
0.12% median spread, 30 days to Nov 3, 2026
61.1
Capacity
Holdings can absorb up to $1.9m a day; part of the book has no volume data
·
Price fidelity
Not measured · 3 days of closing premium are held, under the 20 needed
·
Primary market
3 active dealers of 23; largest 82% of creations and redemptions, N-CEN to Sep 30, 2024
50.0
Bad-day behaviour
Not measured · 1 of the 10 worst days and 2 other days are held, under the 5 and 60 needed
·
Depth
Not measured · needs trade and quote data
·

Capacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →

What a trade costs

One way, half its 30-day median spread; sizes above $10,000 are estimates
FTRI: cost for your order at each size, round trip
OrderDollarsPercentBasis
$1,000$0.600.06%spread
$10,000$6.000.06%spread
Spread 0.12%, the median over the 30 days to Nov 3, 2026. A round trip costs twice this. Above $10,000 it adds an estimate of price impact.
Premium or discount to valueDaily, 3 days to Nov 3, 2026 · the ±1% band marked

Above zero: a premium. Below: a discount.

FTRI premium or discount to NAV, 3 days+1%0−1%Oct 30, 2026Nov 3, 2026
Latest close, Nov 3
−0.30%
95% of days within
±0.30%
Days more than 1% from NAV
0 of 3
Widest
−0.30%, Nov 3, 2026

Its holdings trade on markets that close before New York, so its closing premium carries the move since then.

CapacityWhat its holdings making up 95% of the weight can absorb a day, at 10% of each one’s volume
Holdings can absorb, at most
$1.9m

FTRI’s holdings can absorb up to $1.9m a day, measured on its own holdings, as of Nov 4, 2026. Part of its book has no volume data, so this is an upper bound.

The holding that sets the limit: Fresnillo Plc (FNLPF), 0.87% of the fund, $161,992 a day traded, the median of 20 days to Nov 4, 2026.

Who makes the market

Authorized participants · N-CEN, the year to Sep 30, 2024
Active dealers
3
of 23 authorized
Largest
82%
of creations and redemptions
One dealer
No
3 active

3 of 23 authorized participants created or redeemed FTRI shares in the year to Sep 30, 2024. From the fund’s Form N-CEN, filed Dec 16, 2024.

APs create and redeem shares. Every AP →

Active APs, largest first, by share of dollars created and redeemed: J.P. Morgan Securities LLC (82.2%), UBS Securities LLC (14.2%), Mizuho Securities USA LLC (3.6%). 20 more were listed and created or redeemed nothing.

What retail orders paid

One way on $10,000, Sep 2026
All wholesalers read
$1.33
Fidelity customers
−$0.73
Schwab customers
$3.42

In Sep 2026, retail market orders in FTRI paid $1.33 one way on $10,000, against $6.26 at the quote.

91% of shares filled better than the quote.

Aug 2025Grey: old format, orders of 100 to 9,999 sharesSep 2026

Where it trades

Q2 2026, 62 trading days
Odd lots, of exchange volume
13.1%

In Q2 2026, odd lots were 13.1% of FTRI’s exchange volume.

Off exchange means wholesalers and dark pools. Odd lots are orders under 100 shares, a sign of retail trading.

How to place the order

To buy or to sell, up to $100,000
Order type
Limit: midpoint + 1¢ to buy, midpoint − 1¢ to sell.At the Nov 3 close of $16.56, that’s $16.57 to buy and $16.55 to sell.
When
Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
Size
Part of its book has no volume data, so the room for a large order is an upper bound.
Watch
The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
Why low volume does not mean illiquid →Limit orders vs market orders for ETFs →
Not measured yet: these need trade data
Spread through the day

Median spread by half hour, 30 days.

Buyers against sellers

Volume bought at the ask against volume sold at the bid.

Retail flow, estimated

Trades priced in fractions of a cent, a sign of retail orders.

Large trades

Trades above $500k: how many, and their share of volume.

Closing auction

Share of the day’s volume at the close.

Questions people ask

What is FTRI’s bid-ask spread?

0.12% of the midpoint, the median over the 30 days to Nov 3, 2026, as its issuer states it. Half of it is about 1¢ a share at the Nov 3 close.

Does FTRI trade at a premium or discount to NAV?

It closed −0.30% from its NAV on Nov 3, 2026. On 95% of the 3 days to then it was within ±0.30%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for FTRI?

FTRI’s latest Form N-CEN, for the period ending Sep 30, 2024, lists 23 authorized participants (APs), and 3 created or redeemed shares. The largest were J.P. Morgan Securities LLC (82.2%), UBS Securities LLC (14.2%), Mizuho Securities USA LLC (3.6%) of the dollars its APs created and redeemed.

Who is the LMM for FTRI?

FTRI is on none of the lead market maker (LMM) lists ETFIQ reads, from NYSE Arca, Cboe BZX and Nasdaq. Each list covers only that exchange’s own program, so this does not mean it has no LMM.

What does it cost to trade $10,000 of FTRI?

About $6.00 one way, 0.06%: half its 30-day median spread. In and out costs twice that.

How do I place a limit order for FTRI?

Set the limit at the midpoint + 1¢ to buy, or the midpoint − 1¢ to sell, in your broker’s quote. At the Nov 3 close of $16.56, that’s $16.57 to buy and $16.55 to sell.
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →FTRI fund page→
Sources and dates
SpreadFirst Trust (fund page), 30-day median · to Nov 3, 2026
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 30, 2026 to Nov 3, 2026
CapacityETFIQ, each holding’s 20-day median dollar volume · to Nov 4, 2026
DealersForm N-CEN · the year to Sep 30, 2024
Retail ordersSEC Rule 605 reports · Sep 2026
Where it tradesSEC MIDAS · Q2 2026

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.

Cite this pageCitation, APA and Markdown

ETFIQ, FTRI trading: cost, capacity, premium and dealers, data as of Nov 4, 2026. https://etfiq.com/funds/ftri/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.