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| Investment Objective/Strategy -
First Trust Dow Jones Global Select Dividend Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Dow Jones Global Select Dividend Index. |
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| There can be no assurance that the Fund's investment objectives will be achieved. |
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The Index universe is defined as all component companies of the 24 developed-market country indexes
in the Dow Jones Global Indexes (DJGI) family.
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To be considered for the Index, companies in the Index universe must pass eligibility screens for
dividend quality and liquidity.The company must:
- Pay a current dividend.
- Have a current-year dividend-per-share ratio that is greater than or equal to its five-year average
annual dividend-per-share ratio.
- Have a five-year average payout ratio of less than or equal to 60% for U.S. and European companies;
or less than or equal to 80% for all other countries.
- Have a minimum three-month daily average trading volume of $3 million.
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Stocks meeting all eligibility requirements are ranked by dividend yield.
- The top 100 highest-yielding stocks are selected for inclusion in the Index, subject to buffers designed to
limit turnover by favoring current Index components:
- Stocks in the Index universe are ranked in descending order by indicated annual dividend yield,
defined as a stock’s unadjusted indicated annual dividend (not including any special dividends)
divided by its unadjusted price.
- All current Index component stocks that are among the top 150 stocks are included in the Index.
- Noncomponent stocks are added to the Index based on their rankings until the component count
reaches 100.
- Component weightings are assigned based on dividend yield.Weights of individual component
stocks are capped at 10%.
- The Index is reconstituted and adjusted annually in December.
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Fund Overview
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| Ticker |
FGD |
| Fund Type |
Global Equity Income |
| Investment Advisor |
First Trust Advisors L.P. |
| Investor Servicing Agent |
Bank of New York |
| CUSIP |
33734X200 |
| Intraday NAV |
FGDIV |
| Fiscal Year-End |
09/30 |
| Exchange |
NYSE Arca |
| Inception |
11/21/2007 |
| Inception Price |
$30.00 |
| Inception NAV |
$30.00 |
Gross Expense Ratio
(9/30/2009) |
2.39% |
| Net Expense Ratio |
0.60% |
| Rebalance Frequency |
ANNUAL |
| Marginable |
Yes |
| Options |
No |
| Short Sell |
Yes |
Pursuant to contract, First Trust has agreed to waive fees and/or pay fund expenses to prevent the net expense ratio of the fund from exceeding 0.60% per year, at least until March 31, 2010.
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| Bid/Ask Midpoint and NAV History (Since Inception) |
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Past performance is not indicative of future results.
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Current Fund Data (as of 2/5/2010)
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| Closing Share Price |
$20.33 |
| Bid/Ask Midpoint |
$20.36 |
| Closing NAV |
$20.33 |
| Bid/Ask Premium |
0.14% |
| Total Net Assets |
$39,636,070 |
| Common Shares Outstanding |
1,950,002 |
| Dividend Frequency |
Quarterly |
| Dividend per Share Amt1 |
$0.2244 |
| Daily Volume |
81,960 |
| Average 30-Day Daily Volume |
30,961 |
| Closing Share Price 52-Week High/Low |
$22.89 / $9.79 |
| Closing NAV 52-Week High/Low |
$22.63 / $9.96 |
| Number of Stocks |
101 |
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| Consumer Discretionary |
7.90% |
| Consumer Staples |
3.79% |
| Energy |
6.38% |
| Financials |
15.29% |
| Health Care |
1.78% |
| Industrials |
15.24% |
| Information Technology |
3.39% |
| Materials |
8.05% |
| Other |
0.07% |
| Telecommunication Services |
18.37% |
| Utilities |
19.74% |
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| Top 10 Holdings (as of 2/8/2010) |
| Holdings |
Percent (%) |
| Macquarie Airports |
1.90 |
| Bell Aliant Regional Communications Income Fund |
1.86 |
| StarHub Limited |
1.78 |
| Rautaruukki Oyj |
1.67 |
| Telecom Corporation of New Zealand |
1.66 |
| Commonwealth Property Office Fund |
1.65 |
| Westfield Group |
1.53 |
| Stockland |
1.50 |
| Telstra Corp Ltd |
1.48 |
| CenturyTel, Inc. |
1.44 |
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| Top Country Breakdown (as of 2/8/2010) |
| Country |
Percent (%) |
| Australia |
18.54 |
| United States |
17.29 |
| United Kingdom |
13.10 |
| Canada |
7.95 |
| France |
6.11 |
| Hong Kong |
5.41 |
| Finland |
4.78 |
| Italy |
4.16 |
| Singapore |
3.53 |
| The Netherlands |
3.48 |
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| Fund Characteristics (as of 1/29/2010) 2,3 |
| 30-Day SEC Yield (as of 12/31/2009) |
4.56% |
| Distribution Rate (as of 12/31/2009) |
4.07% |
| Median Market Cap. |
$5,778 |
| Maximum Market Cap. |
$176,493 |
| Minimum Market Cap. |
$518 |
| Price/Earnings |
11.98 |
| Price/Book |
1.63 |
| Price/Cash Flow |
6.14 |
| Price/Sales |
0.81 |
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| Number of Days Bid/Ask Midpoint Above NAV |
| Quarter Ended |
0-49
Basis Points |
50-99
Basis Points |
100-199
Basis Points |
>=200
Basis Points |
| 12/31/2009 |
30 |
20 |
7 |
1 |
| 9/30/2009 |
5 |
9 |
31 |
19 |
| 6/30/2009 |
4 |
16 |
9 |
12 |
| 3/31/2009 |
9 |
6 |
10 |
11 |
| Number of Days Bid/Ask Midpoint Below NAV |
| Quarter Ended |
0-49
Basis Points |
50-99
Basis Points |
100-199
Basis Points |
>=200
Basis Points |
| 12/31/2009 |
4 |
2 |
0 |
0 |
| 9/30/2009 |
0 |
0 |
0 |
0 |
| 6/30/2009 |
8 |
6 |
5 |
3 |
| 3/31/2009 |
5 |
4 |
9 |
7 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
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| Month End Performance (as of 1/29/2010) |
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3 Mos |
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since
Fund
Inception4 |
| Fund Performance * |
| NAV |
1.56% |
-4.52% |
82.54% |
N/A |
N/A |
N/A |
-10.78% |
| After Tax Held |
1.20% |
-4.52% |
80.11% |
N/A |
N/A |
N/A |
-12.33% |
| After Tax Sold |
1.02% |
-2.94% |
53.40% |
N/A |
N/A |
N/A |
-9.96% |
| Market Price |
0.11% |
-5.03% |
84.88% |
N/A |
N/A |
N/A |
-11.10% |
| Index Performance ** |
| Dow Jones Global Select Dividend Index(SM) |
0.71% |
-4.60% |
82.20% |
N/A |
N/A |
N/A |
-10.51% |
| MSCI World Index |
1.58% |
-4.13% |
36.58% |
N/A |
N/A |
N/A |
-11.67% |
| Dow Jones World Developed Markets Index(SM) |
1.95% |
-3.95% |
38.62% |
N/A |
N/A |
N/A |
-10.91% |
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| Quarter End Performance (as of 12/31/2009) |
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3 Mos |
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since
Fund
Inception4 |
| Fund Performance * |
| NAV |
3.77% |
64.28% |
64.28% |
N/A |
N/A |
N/A |
-9.22% |
| After Tax Held |
3.40% |
62.09% |
62.09% |
N/A |
N/A |
N/A |
-10.86% |
| After Tax Sold |
2.45% |
41.50% |
41.50% |
N/A |
N/A |
N/A |
-8.74% |
| Market Price |
3.44% |
58.12% |
58.12% |
N/A |
N/A |
N/A |
-9.34% |
| Index Performance ** |
| Dow Jones Global Select Dividend Index(SM) |
4.37% |
67.55% |
67.55% |
N/A |
N/A |
N/A |
-8.88% |
| MSCI World Index |
4.07% |
29.99% |
29.99% |
N/A |
N/A |
N/A |
-10.31% |
| Dow Jones World Developed Markets Index(SM) |
4.08% |
31.93% |
31.93% |
N/A |
N/A |
N/A |
-9.59% |
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*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost. You can obtain performance information which is current through the most recent month-end by visiting ftportfolios.com.
After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are based on the midpoint of the bid/ask spread. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The fund's performance reflects fee waivers and expense reimbursements, absent which performance would have been lower.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
The gross expense ratio for this fund is 2.39%.
Pursuant to contract, First Trust has agreed to waive fees and/or pay fund expenses to prevent the net expense ratio of the fund from exceeding 0.60% per year, at least until March 31, 2010.
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**Past performance is not a guarantee of future results. Performance
information for the Dow Jones Global Select Dividend IndexSM is
for illustrative purposes only and does not represent actual fund
performance. No representation is
being made that any investment will achieve performance similar to
that shown.The Index does not charge management fees or brokerage
expenses, and no such fees or expenses were deducted from the
performance shown. Indexes are unmanaged and an
investor cannot invest directly in an index. All index returns assume that
dividends are reinvested when they are received.
The Dow Jones World Developed Markets Index represents 23 countries and covers approximately 95% of the float-adjusted market
capitalization of Europe as a region, and all other markets at the country level.
The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of 23 developed markets around the world.
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| Footnotes
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| 1 |
Most recent distribution paid or declared through today's date. Subject to change in the future. |
| 2 |
30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period.
Distribution rate is calculated by dividing the most recent annualized distribution paid or declared by the market price. |
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All market capitalization numbers are in US$ Millions. |
| 4 |
Inception Date is 11/21/2007 |
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You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.
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Risk Considerations:
The fund's shares will change in value, and you could lose money by
investing in the fund. One of the principal risks of investing in the fund is
market risk.Market risk is the risk that a particular stock owned by the
fund, fund shares or stocks in general may fall in value.
The fund's return may not match the return of the Dow Jones Global Select Dividend IndexSM.The fund may not be
fully invested at times. Securities held by the fund will generally not be bought or sold in response to market
fluctuations and the securities may be issued by companies concentrated in a particular industry.The fund may
invest in small capitalization and mid capitalization companies. Such companies may experience greater price
volatility than larger, more established companies.
Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions.
Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout
the day on the exchange through any brokerage account. However, shares may only be redeemed directly from
the fund by authorized participants, in very large creation/redemption units.
An investment in a fund containing equity securities of foreign issuers is subject to additional risks, including
currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange
control restrictions impacting foreign issuers.
The Fund is classified as "non-diversified." A non-diversified fund generally may invest a larger percentage of its
assets in the securities of a smaller number of issuers. As a result, the Fund may be more susceptible to the risks
associated with these particular companies, or to a single economic, political or regulatory occurrence affecting
these companies.
"Dow Jones," and "Dow Jones Global Select Dividend IndexSM," are trademarks of Dow Jones & Company, Inc. and have been
licensed for use. First Trust's ETF, based on the Dow Jones Global Select Dividend IndexSM, is not sponsored, endorsed, sold or
promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of trading in the ETF.
Not FDIC Insured * Not Bank Guaranteed * May Lose Value
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