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Developed International Equity Select ETF (RNDM)
Investment Objective/Strategy - The Developed International Equity Select ETF (the "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 Nasdaq Riskalyze Developed Markets Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Nasdaq Riskalyze Developed Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.
  • The index selects securities from the Nasdaq Developed Markets Ex-US Large Mid Cap Index based on factors such as liquidity and volatility.
  • To be eligible for inclusion in the index, the securities must meet certain criteria, including:
    • a minimum three-month average daily dollar trading volume of $5 million,
    • having traded on an eligible exchange for at least one calendar year.
  • Eligible securities are ranked by trailing twelve month volatility within their respective countries.
  • The 25 securities with the lowest volatility from each country are selected (or all securities if less than 25 qualify).
  • Weights are assigned that are equal to the to the country and sector weights within the Nasdaq Developed Markets Ex-US Large Mid Cap Index. The index weighting methodology includes a maximum weight cap of 3% to prevent high concentrations among larger stocks.
  • The index is rebalanced and reconstituted on a semi-annual basis.
Fund Overview
TickerRNDM
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33738R787
ISINUS33738R7879
Intraday NAVRNDMIV
Fiscal Year-End03/31
ExchangeNasdaq
Inception6/20/2017
Inception Price$49.73
Inception NAV$49.73
Rebalance FrequencySemi-Annual
Expense Ratio0.65%
Current Fund Data (as of 10/25/2021)
Closing NAV1$55.63
Closing Market Price2$55.43
Bid/Ask Midpoint$55.86
Bid/Ask Premium0.41%
30-Day Median Bid/Ask Spread30.33%
Total Net Assets$27,815,584
Outstanding Shares500,002
Daily Volume5,317
Average 30-Day Daily Volume2,149
Closing Market Price 52-Week High/Low$58.39 / $45.61
Closing NAV 52-Week High/Low$58.10 / $45.70
Number of Holdings (excluding cash)441
Top Holdings (as of 10/25/2021)*
Holding Percent
Mitsubishi Corporation 2.08%
Takeda Pharmaceutical Company Limited 2.08%
Itochu Corporation 2.01%
Secom Co. Ltd. 1.96%
Roche Holding AG 1.89%
RELX Plc 1.88%
Novartis AG 1.81%
Croda International Plc 1.65%
Open Text Corporation 1.44%
Sompo Holdings Inc. 1.14%

* 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 10/26/2021)4$0.2105
30-Day SEC Yield (as of 9/30/2021)52.51%
12-Month Distribution Rate (as of 9/30/2021)62.54%
Index Yield (as of 9/30/2021)72.90%
Fund Characteristics (as of 9/30/2021)9
Maximum Market Cap.$422,723
Median Market Cap.$14,217
Minimum Market Cap.$2,187
Price/Earnings18.44
Price/Book2.04
Price/Cash Flow11.16
Price/Sales1.46
Top Country Exposure (as of 10/25/2021)
Country Percent
Japan 14.28%
United Kingdom 12.91%
France 10.24%
Switzerland 9.43%
Germany 8.83%
Canada 7.70%
Australia 6.01%
South Korea 5.41%
The Netherlands 5.33%
Sweden 3.46%
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 119 42 53 60
Days Traded at Discount 134 19 10 4
Top Sector Exposure (as of 10/25/2021)
Financials 22.61%
Industrials 18.47%
Health Care 13.07%
Consumer Staples 9.52%
Consumer Discretionary 9.49%
Technology 9.21%
Basic Materials 4.73%
Telecommunications 4.39%
Utilities 3.61%
Real Estate 3.25%
Energy 1.65%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *
Tracking Index: Nasdaq Riskalyze Developed Markets Index

Month End Performance (as of 9/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception10
Fund Performance *
Net Asset Value (NAV) -1.77% 5.42% 16.98% 4.95% N/A N/A 4.32%
After Tax Held -1.92% 4.59% 15.78% 3.95% N/A N/A 3.39%
After Tax Sold -1.05% 3.21% 10.05% 3.36% N/A N/A 2.91%
Market Price -1.74% 5.96% 17.71% 5.12% N/A N/A 4.39%
Index Performance **
Nasdaq Riskalyze Developed Markets Index -1.12% 6.68% 18.72% 6.33% N/A N/A 5.68%
MSCI World ex USA Index -0.66% 9.19% 26.50% 7.87% N/A N/A 7.48%
NASDAQ DM Ex-US Large Mid Cap Index -1.02% 8.88% 26.95% 8.64% N/A N/A 8.12%
Quarter End Performance (as of 9/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception10
Fund Performance *
Net Asset Value (NAV) -1.77% 5.42% 16.98% 4.95% N/A N/A 4.32%
After Tax Held -1.92% 4.59% 15.78% 3.95% N/A N/A 3.39%
After Tax Sold -1.05% 3.21% 10.05% 3.36% N/A N/A 2.91%
Market Price -1.74% 5.96% 17.71% 5.12% N/A N/A 4.39%
Index Performance **
Nasdaq Riskalyze Developed Markets Index -1.12% 6.68% 18.72% 6.33% N/A N/A 5.68%
MSCI World ex USA Index -0.66% 9.19% 26.50% 7.87% N/A N/A 7.48%
NASDAQ DM Ex-US Large Mid Cap Index -1.02% 8.88% 26.95% 8.64% N/A N/A 8.12%
3-Year Statistics (as of 9/30/2021)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
RNDM 15.95% -2.58 0.86 0.31 0.97
NASDAQ DM Ex-US Large Mid Cap Index 18.07% --- 1.00 0.48 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the Nasdaq Riskalyze Developed Markets Index is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

MSCI World ex USA Index - The Index includes developed markets and is designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies.

NASDAQ DM Ex-US Large Mid Cap Index - The Index is designed to track the performance of securities assigned to Developed Markets Ex United States and comprised of the Large Mid Cap segment.

Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
7 Index yield represents the weighted average trailing 12-month dividend of the constituents of the Nasdaq Riskalyze Developed Markets Index.
8 Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
9 All market capitalization numbers are in USD$ Millions.
10 Inception Date is 6/20/2017

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Risk Considerations

A fund's return may not match the return of its underlying index. A fund invests in securities included in the index regardless of investment merit and the securities held by a fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, many countries continue to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

A fund that effects all or a portion of its creations and redemptions for cash rather than in-kind may be less tax-efficient.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

Depositary receipts may be less liquid than the underlying shares in their primary trading market.

A fund may be a constituent of one or more indices which could greatly affect a fund's trading activity, size and volatility.

There is no assurance that the index provider or its agents will compile or maintain the index accurately.

A portfolio comprised of low volatility stocks may not produce investment exposure that has lower variability to changes in such stocks' price levels. Low volatility stocks are likely to underperform the broader market during periods of rapidly rising stock prices

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

Riskalyze and Nasdaq Riskalyze Developed Markets Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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