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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.
Index Description According to the Index Provider
  • 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 Corp
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyAnnual
Gross Expense Ratio*0.56%
Net Expense Ratio*0.56%
* As of 2/1/2023
Expenses are capped contractually at 0.60% per year, at least through January 31, 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.
Current Fund Data (as of 9/22/2023)
Closing NAV1$21.13
Closing Market Price2$21.07
Bid/Ask Midpoint$21.05
Bid/Ask Discount0.38%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$647,517,287
Outstanding Shares30,650,002
Daily Volume85,270
Average 30-Day Daily Volume150,750
Closing Market Price 52-Week High/Low$23.92 / $18.30
Closing NAV 52-Week High/Low$23.85 / $18.35
Number of Holdings (excluding cash)98
Top Holdings (as of 9/22/2023)*
Holding Percent
Mitsui O.S.K. Lines, Ltd. 2.76%
Nippon Yusen K.K. 2.36%
Hapag-Lloyd AG 1.80%
Sitio Royalties Corp. (Class A) 1.76%
Peyto Exploration & Development Corp. 1.75%
Industrial Bank of Korea (IBK) 1.58%
BNK Financial Group Inc. 1.50%
Woori Financial Group Inc. 1.49%
A.P. Moeller - Maersk A/S (Class A) 1.46%
Enagas S.A. 1.45%

* 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 9/24/2023)4$0.2411
30-Day SEC Yield (as of 8/31/2023)57.74%
Unsubsidized 30-Day SEC Yield (as of 8/31/2023)67.74%
12-Month Distribution Rate (as of 8/31/2023)76.78%
Index Yield (as of 8/31/2023)88.95%
Fund Characteristics (as of 8/31/2023)9
Maximum Market Cap.$151,847
Median Market Cap.$7,843
Minimum Market Cap.$529
Price/Cash Flow4.72
Top Country Exposure (as of 9/22/2023)
Country Percent
South Korea 13.36%
Canada 12.97%
Japan 9.86%
United States 7.96%
Spain 7.60%
United Kingdom 6.23%
Germany 5.58%
Hong Kong 5.18%
Italy 5.01%
Australia 4.55%
Bid/Ask Premium/Discount (as of 9/22/2023)