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First Trust Rising Dividend Achievers ETF (RDVY)
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
Fund TypeEquity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$19.93
Inception NAV$19.93
Rebalance FrequencyQuarterly
Expense Ratio*0.49%
* As of 2/1/2024
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 5/28/2024)
Closing NAV1$54.77
Closing Market Price2$54.78
Bid/Ask Midpoint$54.79
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread (as of 5/24/2024)30.02%
Total Net Assets$10,530,332,547
Outstanding Shares192,250,002
Daily Volume512,156
Average 30-Day Daily Volume641,632
Closing Market Price 52-Week High/Low$56.17 / $43.44
Closing NAV 52-Week High/Low$56.19 / $43.43
Number of Holdings (excluding cash)50
Top Holdings (as of 5/24/2024)*
Holding Percent
Jackson Financial Inc. (Class A) 2.49%
QUALCOMM Incorporated 2.47%
Equitable Holdings, Inc. 2.28%
KLA Corporation 2.24%
Garmin Ltd. 2.21%
Mueller Industries, Inc. 2.21%
Bank of America Corporation 2.20%
Applied Materials, Inc. 2.18%
Apple Inc. 2.16%
American Express Company 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 4/30/2024)4

Among 1,109 funds in the Large Value category. This fund was rated 2 stars/1,109 funds (3 years), 4 stars/1,049 funds (5 years), 5 stars/818 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 5/29/2024)5$0.2238
30-Day SEC Yield (as of 4/30/2024)61.60%
12-Month Distribution Rate (as of 4/30/2024)72.05%
Index Yield (as of 4/30/2024)82.15%
Fund Characteristics (as of 4/30/2024)9
Maximum Market Cap.$2,893,620
Median Market Cap.$36,122
Minimum Market Cap.$3,635
Price/Cash Flow9.30
Bid/Ask Premium/Discount (as of 5/28/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 188 46 32 ---
Days Traded at Discount 62 15 9 ---
Top Sector Exposure (as of 5/28/2024)
Financials 30.95%
Industrials 16.77%
Technology 15.07%
Consumer Discretionary 13.72%
Energy 10.07%
Basic Materials 9.55%
Health Care 2.00%
Telecommunications 1.87%
Hypothetical Growth of $10,000 Since Inception (as of 5/24/2024) *