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Investment Objective/Strategy - The US Equity Dividend 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 US Large Cap Select Dividend Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks 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 US Large Cap Select Dividend Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying securities with above average yield.
- To be eligible for inclusion in the index, a security must meet certain criteria, including:
- being a member of the Nasdaq US 500 Large Cap Index,
- having paid a dividend in the trailing twelve months.
- having a trailing twelve month dividend yield higher than the Nasdaq US 500 Large Cap Index.
- Sector weights are assigned that are equal to the sector weights within the Nasdaq US 500 Large Cap Index.
- Securities within each sector are weighted by dividend yield.
- The index is rebalanced and reconstituted on a quarterly basis.
Ticker | RNDV |
Fund Type | U.S. Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
CUSIP | 33738R738 |
ISIN | US33738R7382 |
Intraday NAV | RNDVIV |
Fiscal Year-End | 03/31 |
Exchange | Nasdaq |
Inception | 6/20/2017 |
Inception Price | $19.85 |
Inception NAV | $19.85 |
Rebalance Frequency | Quarterly |
Expense Ratio | 0.50% |
Closing NAV1 | $25.93 |
Closing Market Price2 | $25.93 |
Bid/Ask Midpoint | $25.91 |
Bid/Ask Discount | 0.08% |
30-Day Median Bid/Ask Spread3 | 0.15% |
Total Net Assets | $6,481,639 |
Outstanding Shares | 250,002 |
Daily Volume | 1,917 |
Average 30-Day Daily Volume | 1,518 |
Closing Market Price 52-Week High/Low | $26.35 / $15.33 |
Closing NAV 52-Week High/Low | $25.93 / $15.15 |
Number of Holdings (excluding cash) | 213 |
Holding |
Percent |
International Business Machines Corporation |
4.03% |
Seagate Technology Plc |
3.18% |
Hewlett Packard Enterprise Company |
3.12% |
Intel Corporation |
2.47% |
Broadcom Inc. |
2.42% |
HP Inc. |
2.26% |
Gilead Sciences, Inc. |
1.99% |
Omnicom Group Inc. |
1.99% |
Corning Incorporated |
1.92% |
Texas Instruments Incorporated |
1.80% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 1,128 funds in the Large Value category. This fund was rated 4 stars/1,128 funds (3 years) based on risk adjusted returns.
Maximum Market Cap. | $414,310 |
Median Market Cap. | $30,946 |
Minimum Market Cap. | $9,020 |
Price/Earnings | 20.28 |
Price/Book | 2.45 |
Price/Cash Flow | 11.44 |
Price/Sales | 1.20 |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
120 |
8 |
--- |
--- |
Days Traded at Discount |
133 |
5 |
--- |
--- |
Technology
|
28.33%
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Consumer Discretionary
|
17.40%
|
Health Care
|
13.41%
|
Industrials
|
13.33%
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Financials
|
9.71%
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Consumer Staples
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5.46%
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Telecommunications
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3.84%
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Utilities
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2.61%
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Real Estate
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2.45%
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Energy
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2.33%
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Basic Materials
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1.13%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
RNDV |
20.98% |
-6.77 |
1.06 |
0.40 |
0.96 |
Nasdaq US 500 Large Cap Index |
19.01% |
--- |
1.00 |
0.75 |
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.
Nasdaq US 500 Large Cap Index - The Index is a float modified market capitalization weighted index that contains the top 500 securities from the NASDAQ US Benchmark Index. S&P 500 Index - The Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance.
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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.
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