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First Trust Dorsey Wright International Focus 5 ETF (IFV)
  • 2023 Estimated Capital Gain Distributions
    Please note that none of our First Trust Exchange-Traded Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Exchange-Traded Funds are expected to pay any special short-term capital gain distributions in December. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
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 Expenses0.76%
Total Annual Expenses1.06%
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 Statement of Additional Information for full details.
Current Fund Data (as of 11/29/2023)
Closing NAV1$18.51
Closing Market Price2$18.50
Bid/Ask Midpoint$18.52
Bid/Ask Premium0.05%
30-Day Median Bid/Ask Spread30.38%
Total Net Assets$183,248,052
Outstanding Shares9,900,002
Daily Volume12,458
Average 30-Day Daily Volume145,873
Closing Market Price 52-Week High/Low$18.87 / $16.36
Closing NAV 52-Week High/Low$18.81 / $16.36
Number of Holdings (excluding cash)5
Top Holdings (as of 11/29/2023)*
Holding Percent
First Trust Latin America AlphaDEX® Fund 21.58%
First Trust Japan AlphaDEX® Fund 21.11%
First Trust India NIFTY 50 Equal Weight ETF 20.41%
First Trust Switzerland AlphaDEX® Fund 19.56%
First Trust Dow Jones Global Select Dividend Index Fund 17.28%

* 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 11/30/2023)4$0.0493
30-Day SEC Yield (as of 10/31/2023)53.22%
12-Month Distribution Rate (as of 10/31/2023)63.06%
Index Yield (as of 10/31/2023)74.78%
Fund Characteristics (as of 10/31/2023)8
Maximum Market Cap.$605
Median Market Cap.$111
Minimum Market Cap.$58
Top Country Exposure (as of 11/29/2023)
Country Percent
Japan 22.74%
India 20.43%
Switzerland 20.02%
Brazil 11.18%
Mexico 5.87%
Chile 4.13%
South Korea 2.35%
Canada 2.16%
United States 1.39%
Spain 1.38%
Bid/Ask Premium/Discount (as of 11/29/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 136 41 46 32
Days Traded at Discount 115 21 16 31
Top Sector Exposure (as of 11/29/2023)
Financials 19.94%
Industrials 15.92%
Consumer Discretionary 12.69%
Materials 12.55%
Consumer Staples 8.30%
Energy 7.61%
Utilities 6.21%
Health Care 5.52%
Information Technology 4.84%
Communication Services 3.55%
Real Estate 2.87%
Hypothetical Growth of $10,000 Since Inception (as of 11/29/2023) *