Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
First Trust Dorsey Wright Focus 5 ETF (FV)
Investment Objective/Strategy - This exchange-traded fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dorsey Wright Focus Five™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is designed to provide targeted exposure to five First Trust sector and industry based ETFs that Dorsey, Wright & Associates (DWA) believes offer the greatest potential to outperform the other ETFs in the selection universe and that satisfy trading volume and liquidity requirements.
  • To construct the Index, DWA begins with the universe of First Trust sector and industry ETFs.
  • Using the DWA proprietary relative strength methodology, the ETFs are compared to each other to determine inclusion by measuring each ETF's price momentum relative to other ETFs in the universe.
  • Each ETF is given a score that allows DWA to objectively determine where it ranks relative to all other ETFs in the universe.
  • The relative strength analysis is conducted twice monthly. ETFs are replaced when they fall sufficiently out of favor, based on their relative strength, versus the other ETFs within the universe. The Index is rebalanced so each position is equally weighted.
Fund Overview
Fund TypeSector Rotation
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Intraday NAVFVIV
Fiscal Year-End09/30
Inception Price$20.02
Inception NAV$20.02
Rebalance FrequencyPeriodically
Fees And Expenses
Management Fees0.30%
Acquired Fund Fees and Expenses0.60%
Total Annual Expenses0.90%
As of Date 2/1/2023
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 2/6/2023)
Closing NAV1$47.43
Closing Market Price2$47.44
Bid/Ask Midpoint$47.48
Bid/Ask Premium0.11%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$3,268,114,321
Outstanding Shares68,900,002
Daily Volume332,766
Average 30-Day Daily Volume290,143
Closing Market Price 52-Week High/Low$50.40 / $39.93
Closing NAV 52-Week High/Low$50.36 / $39.91
Number of Holdings (excluding cash)5
Top Holdings (as of 2/6/2023)*
Holding Percent
First Trust Industrials/Producer Durables AlphaDEX® Fund 21.15%
First Trust Energy AlphaDEX® Fund 20.34%
First Trust Nasdaq Oil & Gas ETF 20.02%
First Trust Materials AlphaDEX® Fund 19.34%
First Trust Nasdaq Food & Beverage ETF 19.04%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 12/31/2022)4

Among 370 funds in the Mid-Cap Blend category. This fund was rated 5 stars/370 funds (3 years), 5 stars/342 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 2/7/2023)5$0.2329
30-Day SEC Yield (as of 12/30/2022)61.24%
12-Month Distribution Rate (as of 12/30/2022)71.40%
Index Yield (as of 12/30/2022)81.73%
Fund Characteristics (as of 1/31/2023)10
Maximum Market Cap.$1,989
Median Market Cap.$1,638
Minimum Market Cap.$956
Bid/Ask Premium/Discount (as of 2/6/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 140 16 --- ---
Days Traded at Discount 111 8 --- ---
Hypothetical Growth of $10,000 Since Inception (as of 2/6/2023) *
Tracking Index: Dorsey Wright Focus Five™ Index

Month End Performance (as of 1/31/2023)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 3.38% 5.61% 4.29% 15.72% 10.92% N/A 10.99%
After Tax Held 3.17% 5.61% 3.67% 15.46% 10.71% N/A 10.77%
After Tax Sold 1.99% 3.32% 2.50% 12.24% 8.58% N/A 8.93%
Market Price 3.38% 5.68% 4.22% 15.71% 10.92% N/A 10.99%
Index Performance **
Dorsey Wright Focus Five™ Index 3.45% 5.64% 4.68% 16.02% 11.24% N/A 11.38%
S&P 500 Index 5.76% 6.28% -8.22% 9.88% 9.54% N/A 11.21%
Quarter End Performance (as of 12/30/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 12.49% -5.12% -5.12% 14.01% 11.31% N/A 10.42%
After Tax Held 12.26% -5.69% -5.69% 13.75% 11.09% N/A 10.19%
After Tax Sold 7.40% -3.05% -3.05% 10.86% 8.91% N/A 8.43%
Market Price 12.50% -5.19% -5.19% 13.98% 11.29% N/A 10.41%
Index Performance **
Dorsey Wright Focus Five™ Index 12.60% -4.78% -4.78% 14.31% 11.64% N/A 10.80%
S&P 500 Index 7.56% -18.11% -18.11% 7.66% 9.42% N/A 10.55%
3-Year Statistics (as of 1/31/2023)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
FV 23.99% 5.45 1.03 0.69 0.92
S&P 500 Index 21.39% --- 1.00 0.51 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*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.

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 determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

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.

**Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do 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.

S&P 500 Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
5 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
6 The 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 and includes the effects of fee waivers and expense reimbursements, if applicable.
7 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
8 Index yield represents the weighted average trailing 12-month dividend of the constituents of the Dorsey Wright Focus Five(TM) Index.
9 Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
10 All market capitalization numbers are in USD$ Millions.
11 Inception Date is 3/5/2014