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Share Classes
Class I
Class II
First Trust International Developed Capital Strength Portfolio
Investment Objective/Strategy - The First Trust International Developed Capital Strength Portfolio (the "Fund") seeks to provide capital appreciation.
There can be no assurance that the Fund's investment objectives will be achieved.
Fund Overview
Fiscal Year-End12/31
Inception Date5/1/2020
Inception NAV$10.00
Gross Expense Ratio
Net Expense Ratio1.20%
Expenses are capped contractually at 1.20% per year, at least until May 01, 2022.
Current Fund Data (as of 6/2/2020)
Net Asset Value1$11.13
Dividend FrequencySemi-Annual
NAV 52-Week High/Low$11.13 / $9.99
NAV History (Since Inception)
Past performance is not indicative of future results.
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .

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

Risk Considerations

The Fund's shares will change in value and you could lose money by investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. There can be no assurance that the Fund's investment objective will be achieved.

The Fund is subject to market risk. Market risk is the risk that a particular security owned by the Fund or shares of the Fund in general may fall in value. 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. The impact of this COVID-19 pandemic may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

The Fund is a passive investment and not actively managed. The Fund invests in securities included in or representative of the International Developed Capital Strength ("Index") regardless of investment merit. The Fund generally will not attempt to take defensive positions in declining markets.

Equity securities fluctuate for a variety of reasons including investors' perceptions of the financial condition of an issuer or the general condition of the relevant stock market.

Industrials companies are subject to risks including the general state of the economy, exchange rates, commodity prices, intense competition, consolidation, domestic and international politics, government regulation, import controls, excess capacity, consumer demand and spending trends.

Health care companies are subject to fierce competition, high research and development costs, governmental regulations and health care programs, loss of patent protection, and changing consumer spending trends.

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.

Political or economic disruptions in European countries may adversely affect the value of the Fund's holdings. A significant number of countries in Europe are member states in the European Union, and the member states no longer control their own monetary policies. In these member states, the authority to direct monetary policies, including money supply and official interest rates for the Euro, is exercised by the European Central Bank.

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

The Fund is subject to inflation risk which is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money.

High portfolio turnover may result in the Fund paying higher levels of transaction costs and may generate greater tax liabilities for shareholders.

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.

The Fund invests in real estate investment trusts (REITs). Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

There is no assurance that the index provider, or any agents that act on its behalf, will compile the Index accurately, or that the Index will be determined, maintained, constructed, reconstituted, rebalanced, composed, calculated, or disseminated accurately.

The Fund is subject to non-correlation risk because the Fund's return may not match the return of the Index for a number of reasons. In addition, the Fund incurs certain expenses and costs not applicable to the Index and the Fund's portfolio holdings may not replicate the securities included in the Index. The Fund currently has fewer assets than larger, more established funds, and like other relatively new funds, large inflows and outflows may impact the Fund's market exposure for limited periods of time.

The Fund is classified as "non-diversified" and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the Fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

To the extent that the Fund has significant exposure to a single asset class, industry or sector, an adverse economic business or political development may affect the value of the Fund's investments more than if the Fund were more broadly diversified.

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

Nasdaq, Inc. and its affiliates (the "Corporations") only relationship to First Trust with respect to the Fund is in the licensing of The International Developed Capital Strength IndexSM , and certain trade names of the Corporations and the use of The International Developed Capital Strength IndexSM , which are determined, composed and calculated by Nasdaq without regard to First Trust or the Fund. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO 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 advisors 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.
First Trust Advisors L.P.
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