Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
First Trust Dow Jones Global Select Dividend Index Fund (FGD)
Investment Objective/Strategy - First Trust Dow Jones Global Select Dividend Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Dow Jones Global Select Dividend Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Index universe is defined as all component companies of the 25 developed-market country indexes in the Dow Jones Global Indexes (DJGI) family.
  • To be considered for the Index, companies in the Index universe must pass eligibility screens for dividend quality and liquidity.The company must:
    • Pay a current dividend.
    • Have a current-year dividend-per-share ratio that is greater than or equal to its five-year average annual dividend-per-share ratio.
    • Have a five-year average payout ratio of less than or equal to 60% for U.S. and European companies; or less than or equal to 80% for all other countries.
    • Have a minimum three-month daily average trading volume of $3 million.
  • Stocks meeting all eligibility requirements are ranked by dividend yield.
  • The top 100 highest-yielding stocks are selected for inclusion in the Index, subject to buffers designed to limit turnover by favoring current Index components:
    • Stocks in the Index universe are ranked in descending order by indicated annual dividend yield, defined as a stock's unadjusted indicated annual dividend (not including any special dividends) divided by its unadjusted price.
    • All current Index component stocks that are among the top 150 stocks are included in the Index.
    • Noncomponent stocks are added to the Index based on their rankings until the component count reaches 100.
    • Component weightings are assigned based on dividend yield. Weights of individual component stocks are capped at 10%.
  • The Index is reconstituted and adjusted annually in March.
Fund Overview
Fund TypeGlobal Equity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyAnnual
Gross Expense Ratio*0.57%
Net Expense Ratio*0.57%
* As of 2/1/2021
Expenses are capped contractually at 0.60% per year, at least until January 31, 2022.
Current Fund Data (as of 4/9/2021)
Closing NAV1$25.42
Closing Market Price2$25.51
Bid/Ask Midpoint$25.51
Bid/Ask Premium0.35%
30-Day Median Bid/Ask Spread30.12%
Total Net Assets$451,199,682
Outstanding Shares17,750,002
Daily Volume119,196
Average 30-Day Daily Volume76,593
Closing Market Price 52-Week High/Low$25.53 / $15.62
Closing NAV 52-Week High/Low$25.46 / $15.67
Number of Holdings (excluding cash)99
Top Holdings (as of 4/9/2021)*
Holding Percent
Fortescue Metals Group Limited 1.74%
Labrador Iron Ore Royalty Corp. 1.74%
Enagas S.A. 1.68%
Meritz Securities Co., Ltd. 1.63%
Telefonica, S.A. 1.60%
British American Tobacco Plc 1.52%
Centamin Plc 1.45%
Plus500 Limited 1.45%
Altria Group, Inc. 1.41%
Mapfre S.A. 1.40%

* 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 4/11/2021)4$0.1074
30-Day SEC Yield (as of 2/26/2021)54.64%
Unsubsidized 30-Day SEC Yield (as of 2/26/2021)64.64%
12-Month Distribution Rate (as of 2/26/2021)75.68%
Index Yield (as of 2/26/2021)84.92%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 3/31/2021)10
Maximum Market Cap.$219,365
Median Market Cap.$9,604
Minimum Market Cap.$1,266
Price/Cash Flow7.48
Top Country Exposure (as of 4/9/2021)
Country Percent
United States 13.50%
Canada 13.40%
South Korea 11.01%
Hong Kong 10.56%
Spain 9.74%
United Kingdom 8.64%
Japan 6.15%
Italy 5.62%
Switzerland 2.96%
Australia 2.88%
Bid/Ask Premium/Discount (as of 4/9/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 67 46 6 ---
Days Traded at Discount 186 15 0 ---
Top Sector Exposure (as of 4/9/2021)
Financials 46.98%
Communication Services 11.18%
Utilities 8.85%
Materials 8.35%
Consumer Staples 6.20%
Real Estate 5.12%
Energy 4.91%
Consumer Discretionary 3.85%
Industrials 3.48%
Information Technology 1.08%
Month End Performance (as of 2/26/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 13.96% 8.36% 17.64% 3.34% 7.91% 4.93% 3.37%
After Tax Held 13.24% 8.36% 14.15% 0.82% 5.54% 2.76% 1.34%
After Tax Sold 8.23% 4.95% 9.90% 1.36% 4.98% 2.80% 1.62%
Market Price 14.20% 8.72% 17.09% 3.22% 7.96% 4.85% 3.35%
Index Performance **
Dow Jones Global Select Dividend Index 14.24% 8.75% 19.59% 3.57% 8.28% 5.12% 3.59%
Dow Jones World Developed Markets IndexSM 6.69% 1.97% 30.80% 10.87% 14.42% 9.68% 6.96%
MSCI World Index 5.85% 1.54% 29.34% 10.77% 14.10% 9.41% 6.52%
Quarter End Performance (as of 12/31/2020)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 25.20% -4.59% -4.59% 0.06% 5.67% 4.58% 2.78%
After Tax Held 24.40% -7.43% -7.43% -2.38% 3.34% 2.43% 0.74%
After Tax Sold 14.92% -3.06% -3.06% -1.05% 3.30% 2.57% 1.18%
Market Price 24.99% -5.31% -5.31% -0.07% 5.63% 4.46% 2.73%
Index Performance **
Dow Jones Global Select Dividend Index 25.53% -3.86% -3.86% 0.30% 5.90% 4.72% 2.97%
Dow Jones World Developed Markets IndexSM 14.97% 16.42% 16.42% 10.43% 12.42% 10.08% 6.89%
MSCI World Index 13.96% 15.90% 15.90% 10.54% 12.19% 9.87% 6.47%
3-Year Statistics (as of 2/26/2021)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
FGD 23.33% -7.42 1.16 0.19 0.90
MSCI World Index 18.17% --- 1.00 0.57 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. The fund's performance reflects fee waivers and expense reimbursements, absent which performance would have been lower.

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 Dow Jones Global Select Dividend 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.

Dow Jones World Developed Markets IndexSM - The Index represents 23 countries and covers approximately 95% of the float-adjusted market capitalization of Europe as a region, and all other markets at the country level.

MSCI World Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of 23 developed markets around the world.

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 The unsubsidized 30-day SEC yield is calculated the same as the 30-day SEC yield, however it excludes contractual fee waivers and expense reimbursements.
7 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.
8 Index yield represents the weighted average trailing 12-month dividend of the constituents of the Dow Jones Global Select Dividend Index.
9 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.
10 All market capitalization numbers are in USD$ Millions.
11 Inception Date is 11/21/2007

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.

ETF Characteristics

The fund lists and principally trades its shares on the NYSE Arca, Inc.

The fund's return may not match the return of the Dow Jones Global Select Dividend Index.  Securities held by the 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 the fund by authorized participants, in very large creation/redemption units. If the 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 the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular security owned by the fund, fund shares or securities in general may fall in value. There can be no assurance that the 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. The COVID-19 pandemic may last for an extended period of time, and will continue to impact the economy for the foreseeable future.

The fund may invest in securities issued by companies concentrated in a particular sector or country which involves additional risks including limited diversification.

An investment in a fund containing securities of non-U.S. issuers is 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. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

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.

There is no guarantee that any issuer will declare dividends in the future, or that, if declared, they will remain at current levels or increase over time.

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.

Dow Jones Global Select Dividend Index (“Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the Index.

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)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2021 All rights reserved.