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First Trust Rising Dividend Achievers ETF (RDVY)
  • 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 - The Fund seeks investment results that correspond generally to the price and yield (before the fees and expenses) of the Nasdaq US Rising Dividend Achievers™ Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in securities that comprise the Index. The Index is composed of the securities of 50 companies with a history of raising their dividends and exhibit the characteristics to continue to do so in the future ("Index Securities"). The Index is designed to provide access to a diversified portfolio of small, mid and large capitalization companies with a history of raising their dividends.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index begins with the stocks in the Nasdaq US Benchmark™ Index, and eliminates those companies classified as a Real Estate Investment Trust by the Industry Classification Benchmark. The largest 1000 companies with a minimum three-month average daily dollar trading volume of $5 million are selected.
  • To be eligible for inclusion in the Index, companies must have:
    • paid a dividend in the trailing twelve-month period greater than the dividend paid in the trailing twelve-month period three and five years prior.
    • positive earnings per share in the most recent fiscal year greater than the earnings per share three fiscal years prior.
    • a cash to debt ratio greater than 50%.
    • a trailing twelve-month period payout ratio no greater than 65%.
  • Eligible securities are ranked by a combined factor of dollar dividend increase over the previous five year period, current dividend yield, and payout ratio.
  • The 50 eligible securities with the lowest aggregated rank are selected for inclusion in the index, subject to a maximum of 30% from any one sector.
  • The Index stocks are equally weighted initially and on each rebalancing effective date. The Index is reconstituted annually and rebalanced quarterly.
Fund Overview
TickerRDVY
Fund TypeEquity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33738R506
ISINUS33738R5063
Intraday NAVRDVYIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception1/6/2014
Inception Price$19.93
Inception NAV$19.93
Rebalance FrequencyQuarterly
Expense Ratio*0.50%
* As of 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 12/5/2023)
Closing NAV1$48.56
Closing Market Price2$48.59
Bid/Ask Midpoint$48.58
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread30.02%
Total Net Assets$8,475,613,766
Outstanding Shares174,550,002
Daily Volume863,421
Average 30-Day Daily Volume806,513
Closing Market Price 52-Week High/Low$49.58 / $42.66
Closing NAV 52-Week High/Low$49.55 / $42.61
Number of Holdings (excluding cash)50
Top Holdings (as of 12/5/2023)*
Holding Percent
Popular, Inc. 2.34%
Steel Dynamics, Inc. 2.30%
NetApp, Inc. 2.27%
Mueller Industries, Inc. 2.25%
Lennar Corporation 2.24%
Microsoft Corporation 2.20%
Lam Research Corporation 2.18%
Capital One Financial Corporation 2.15%
Discover Financial Services 2.15%
Comerica Incorporated 2.14%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2023)4

Among 1,138 funds in the Large Value category. This fund was rated 3 stars/1,138 funds (3 years), 4 stars/1,086 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 12/6/2023)5$0.2241
30-Day SEC Yield (as of 10/31/2023)62.36%
12-Month Distribution Rate (as of 10/31/2023)72.52%
Index Yield (as of 10/31/2023)83.13%
Fund Characteristics (as of 11/30/2023)9
Maximum Market Cap.$2,816,159
Median Market Cap.$40,556
Minimum Market Cap.$3,982
Price/Earnings10.55
Price/Book1.94
Price/Cash Flow8.35
Price/Sales1.72
Bid/Ask Premium/Discount (as of 12/5/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 176 42 43 52
Days Traded at Discount 75 20 19 11
Top Sector Exposure (as of 12/5/2023)
Financials 30.72%
Industrials 16.52%
Technology 12.56%
Basic Materials 12.17%
Energy 10.41%
Health Care 7.87%
Consumer Discretionary 6.26%
Consumer Staples 1.83%
Telecommunications 1.66%
Hypothetical Growth of $10,000 Since Inception (as of 12/5/2023) *