First Trust Dividend Strength ETF (FTDS)

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Fund Summary

Investment Objective/Strategy - First Trust Dividend Strength ETF is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called The Dividend Strength™ Index.

There can be no assurance that the Fund's investment objectives will be achieved.

Index Description According to the Index Provider

A security must be a common stock or REIT that is a member of the Nasdaq US Benchmark™ Index. To be eligible for inclusion in the index, a security must have a minimum market capitalization of $5 billion; be ranked in the top 1,500 securities in the Nasdaq US Benchmark™ Index by free-float market capitalization; and have a minimum three-month average daily dollar trading volume of $5 million.
To be included in the index, companies must have:
- a long-term debt to market cap ratio of less than 40%;
- a return on equity of greater than 10%;
- a 5-year compounded dividend growth rate greater than 5%;
- a dividend payout ratio of less than 50%.
Each eligible security is ranked based upon indicated dividend yield.
- Securities within each Industry Classification Benchmark industry are ranked by dividend yield relative to their industry peers, with the highest indicated dividend yielding security receiving a rank of 1.
- The top 15 securities per industry are selected and combined for the final evaluation universe.
- Each remaining security from the combined evaluation universe is reranked based on indicated dividend yield with a rank of 1 representing the highest indicated dividend yield.
The top 50 securities are selected and are equally weighted.
The index is reconstituted and rebalanced on a quarterly basis.

Fund Overview

Ticker	FTDS
Fund Type	Equity Income