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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 AgentBrown Brothers Harriman
Fiscal Year-End09/30
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 SAI for full details.
Current Fund Data (as of 2/6/2023)
Closing NAV1$48.19
Closing Market Price2$48.18
Bid/Ask Midpoint$48.19
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.02%
Total Net Assets$8,466,194,263
Outstanding Shares175,700,002
Daily Volume467,104
Average 30-Day Daily Volume780,186
Closing Market Price 52-Week High/Low$52.12 / $38.88
Closing NAV 52-Week High/Low$52.10 / $38.83
Number of Holdings (excluding cash)50
Top Holdings (as of 2/6/2023)*
Holding Percent
Capital One Financial Corporation 2.36%
NVIDIA Corporation 2.30%
PulteGroup, Inc. 2.25%
Discover Financial Services 2.19%
The Interpublic Group of Companies, Inc. 2.19%
American Express Company 2.18%
Cognizant Technology Solutions Corporation 2.18%
Williams-Sonoma, Inc. 2.18%
Huntsman Corporation 2.17%
Fidelity National Financial, Inc. 2.16%

* 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 1,155 funds in the Large Value category. This fund was rated 3 stars/1,155 funds (3 years), 4 stars/1,099 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 2/7/2023)5$0.3756
30-Day SEC Yield (as of 12/30/2022)62.12%
12-Month Distribution Rate (as of 12/30/2022)72.21%
Index Yield (as of 12/30/2022)82.75%
Fund Characteristics (as of 1/31/2023)10
Maximum Market Cap.$2,285,007
Median Market Cap.$54,541
Minimum Market Cap.$4,882
Price/Cash Flow9.49
Bid/Ask Premium/Discount (as of 2/6/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 176 13 --- ---
Days Traded at Discount 75 11 --- ---
Top Sector Exposure (as of 2/6/2023)
Financials 30.68%
Technology 20.52%
Industrials 16.56%
Consumer Discretionary 10.79%
Health Care 8.36%
Basic Materials 4.21%
Energy 3.60%
Consumer Staples 3.47%
Telecommunications 1.81%
Hypothetical Growth of $10,000 Since Inception (as of 2/6/2023) *