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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 Dow 30 Equal Weight ETF seeks investment results that correspond generally to the price and yield (before fees and expenses) of an equity index called the Dow Jones Industrial Average® Equal Weight 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.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Dow Jones Industrial Average Equal Weight Index (the "DJIA Equal Weight Index") is an equally weighted index designed to be a price neutral version of the price-weighted Dow Jones Industrial AverageTM ("DJIA").
- The 30 securities comprising the DJIA are U.S. blue-chip companies covering a wide range of industries and have the following attributes
- Companies with an excellent reputation.
- Companies which demonstrate sustained growth.
- Companies which are of interest to a large number of market participants.
- Companies which derive a majority of revenues from the U.S.
- The DJIA Equal Weight Index gives equal exposure to all 30 constituents. The same weight, or importance, is given to each stock in the index, allowing for the performance of lower priced companies to contribute as much as the higher priced companies within the index.
- To maintain the equal weight focus, the index is rebalanced quarterly.
- If a constituent change takes place in the DJIA between rebalances, the index will simultaneously reflect this change but will not be rebalanced back to equal weight. The weight of the incoming stock will remain the same as the departing stock.
Ticker | EDOW |
Fund Type | Large Cap Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33733A201 |
ISIN | US33733A2015 |
Intraday NAV | EDOWIV |
Fiscal Year-End | 12/31 |
Exchange | NYSE Arca |
Inception | 8/8/2017 |
Inception Price | $19.97 |
Inception NAV | $19.97 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.50% |
* As of 5/1/2024
Closing NAV1 | $37.62 |
Closing Market Price2 | $37.61 |
Bid/Ask Midpoint | $37.63 |
Bid/Ask Premium | 0.03% |
30-Day Median Bid/Ask Spread (as of 12/6/2024)3 | 0.24% |
Total Net Assets | $231,267,691 |
Outstanding Shares | 6,147,756 |
Daily Volume | 9,434 |
Average 30-Day Daily Volume | 15,924 |
Closing Market Price 52-Week High/Low | $38.01 / $31.61 |
Closing NAV 52-Week High/Low | $38.00 / $31.62 |
Number of Holdings (excluding cash) | 30 |
Holding |
Percent |
Salesforce, Inc. |
4.28% |
The Walt Disney Company |
3.92% |
NVIDIA Corporation |
3.85% |
The Goldman Sachs Group, Inc. |
3.84% |
Amazon.com, Inc. |
3.75% |
JPMorgan Chase & Co. |
3.69% |
Cisco Systems, Inc. |
3.66% |
Walmart Inc. |
3.60% |
Caterpillar Inc. |
3.58% |
American Express Company |
3.55% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $3,587,438 |
Median Market Cap. | $246,466 |
Minimum Market Cap. | $60,396 |
Price/Earnings | 25.41 |
Price/Book | 5.11 |
Price/Cash Flow | 17.93 |
Price/Sales | 3.01 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
157 |
36 |
29 |
28 |
Days Traded at Discount |
93 |
25 |
34 |
36 |
Information Technology
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21.80%
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Financials
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17.73%
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Consumer Discretionary
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13.48%
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Industrials
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13.18%
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Health Care
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11.11%
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Consumer Staples
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9.37%
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Communication Services
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6.89%
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Energy
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3.47%
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Materials
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2.97%
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Tracking Index: Dow Jones Industrial Average® Equal Weight Index
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
EDOW |
17.00% |
-1.20 |
1.01 |
0.44 |
0.99 |
Dow Jones Industrial Average® |
16.71% |
--- |
1.00 |
0.51 |
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.
Dow Jones Industrial Average® - The Index is a price-weighted average of 30 U.S. blue-chip companies. S&P 500® Index - The Index is an unmanaged index of 500 companies 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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