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First Trust Dorsey Wright International Focus 5 ETF (IFV)
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 International 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 International ETFs that Dorsey, Wright & Associates, LLC (DWA) believes offer the greatest potential to outperform the other ETFs in the selection universe.
  • To construct the Index, DWA begins with the universe of First Trust international ETFs, which includes country/region-based ETFs advised by First Trust Advisors L.P.
  • 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 TypeInternational Rotation
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$20.09
Inception NAV$20.09
Rebalance FrequencyPeriodically
Fees And Expenses
Management Fees0.30%
Acquired Fund Fees and Expenses0.73%
Total Annual Expenses1.03%
As of Date 2/1/2024
Current Fund Data (as of 5/21/2024)
Closing NAV1$20.17
Closing Market Price2$20.18
Bid/Ask Midpoint$20.13
Bid/Ask Discount0.20%
30-Day Median Bid/Ask Spread30.87%
Total Net Assets$195,630,147
Outstanding Shares9,700,002
Daily Volume4,276
Average 30-Day Daily Volume20,637
Closing Market Price 52-Week High/Low$20.18 / $17.01
Closing NAV 52-Week High/Low$20.17 / $17.04
Number of Holdings (excluding cash)5
Top Holdings (as of 5/21/2024)*
Holding Percent
First Trust United Kingdom AlphaDEX® Fund 21.40%
First Trust India NIFTY 50 Equal Weight ETF 20.10%
First Trust Switzerland AlphaDEX® Fund 19.70%
First Trust Japan AlphaDEX® Fund 19.42%
First Trust Latin America AlphaDEX® Fund 19.38%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 5/22/2024)4$0.0733
30-Day SEC Yield (as of 4/30/2024)52.77%
12-Month Distribution Rate (as of 4/30/2024)63.15%
Index Yield (as of 4/30/2024)73.05%
Fund Characteristics (as of 4/30/2024)8
Maximum Market Cap.$209
Median Market Cap.$81
Minimum Market Cap.$61
Top Country Exposure (as of 5/21/2024)
Country Percent
Switzerland 20.19%
India 20.10%
Japan 19.42%
United Kingdom 19.30%
Brazil 10.19%
Mexico 5.71%
Chile 3.10%
Ireland 0.77%
Colombia 0.68%
Peru 0.26%
Bid/Ask Premium/Discount (as of 5/21/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 149 29 14 ---
Days Traded at Discount 101 32 23 ---
Top Sector Exposure (as of 5/21/2024)
Financials 19.47%
Industrials 16.03%
Consumer Discretionary 14.71%
Materials 11.92%
Consumer Staples 9.30%
Health Care 6.47%
Utilities 6.36%
Information Technology 5.53%
Energy 4.94%
Communication Services 3.29%
Real Estate 1.98%
Hypothetical Growth of $10,000 Since Inception (as of 5/21/2024) *