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2024 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. 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 First Trust SMID Cap Rising Dividend Achievers ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in securities that comprise the Index. The Index is composed of the securities of 100 small and mid cap 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 portfolio of small and mid capitalization income producing securities.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Index begins with the stocks in the Nasdaq US Mid Cap™ Index and the Nasdaq US Small Cap™ Index and eliminates those companies classified as a Real Estate Investment Trust by the Industry Classification Benchmark.
- To be eligible for inclusion in the Index, companies must have:
- a minimum three-month average daily dollar trading volume of $2 million.
- a free float market capitalization of at least $1 billion.
- 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 25%.
- 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 100 eligible securities with the lowest aggregated rank are selected for inclusion in the index, subject to a maximum of 30% from any one sector and 75% from the mid cap or small cap size classification.
- The Index stocks are equally weighted initially and on each rebalancing effective date. The Index is reconstituted annually and rebalanced quarterly.
Ticker | SDVY |
Fund Type | Small Cap and Mid Cap Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33741X102 |
ISIN | US33741X1028 |
Intraday NAV | SDVYIV |
Fiscal Year-End | 09/30 |
Exchange | Nasdaq |
Inception | 11/1/2017 |
Inception Price | $19.94 |
Inception NAV | $19.94 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.60% |
* 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.
Closing NAV1 | $38.70 |
Closing Market Price2 | $38.72 |
Bid/Ask Midpoint | $38.71 |
Bid/Ask Premium | 0.03% |
30-Day Median Bid/Ask Spread (as of 12/6/2024)3 | 0.03% |
Total Net Assets | $7,923,549,872 |
Outstanding Shares | 204,750,002 |
Daily Volume | 1,554,668 |
Average 30-Day Daily Volume | 1,822,512 |
Closing Market Price 52-Week High/Low | $40.33 / $30.73 |
Closing NAV 52-Week High/Low | $40.28 / $30.69 |
Number of Holdings (excluding cash) | 95 |
Holding |
Percent |
Texas Pacific Land Corporation |
1.39% |
Cal-Maine Foods, Inc. |
1.34% |
Synchrony Financial |
1.32% |
Unum Group |
1.27% |
Garmin Ltd. |
1.26% |
Williams-Sonoma, Inc. |
1.25% |
Snap-on Incorporated |
1.23% |
East West Bancorp, Inc. |
1.22% |
Expand Energy Corporation |
1.21% |
Ralph Lauren Corporation |
1.21% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Among 466 funds in the Small Value category. This fund was rated 5 stars/466 funds (3 years), 5 stars/443 funds (5 years) based on risk adjusted returns.
Maximum Market Cap. | $89,568 |
Median Market Cap. | $9,177 |
Minimum Market Cap. | $1,523 |
Price/Earnings | 15.54 |
Price/Book | 2.06 |
Price/Cash Flow | 11.28 |
Price/Sales | 1.54 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
215 |
57 |
62 |
62 |
Days Traded at Discount |
35 |
4 |
1 |
2 |
Financials
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32.28%
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Industrials
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24.23%
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Consumer Discretionary
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20.28%
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Energy
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9.61%
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Basic Materials
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8.39%
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Technology
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3.87%
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Consumer Staples
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1.34%
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Tracking Index: Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
SDVY |
23.32% |
4.80 |
1.07 |
0.51 |
0.98 |
S&P 1000® Index |
21.19% |
--- |
1.00 |
0.31 |
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.
Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S. S&P 1000® Index - The Index combines the S&P MidCap 400 Index and the S&P SmallCap 600 Index to form an investable benchmark for the mid- to small-cap segment of the U.S. equity market.
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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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