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2019 Estimated Capital Gain Distributions
Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a 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 Lunt U.S. Factor Rotation ETF (the "Fund"), seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation 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.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Lunt Capital Large Cap Factor Rotation Index is designed to provide exposure to U.S. large-cap equities, rotating among four select factors (momentum, value, volatility and quality) when they come into favor using the proprietary Lunt Factor Allocation Methodology.
- Index construction begins with a universe of eight factor-oriented sub-indices, representing the highest and lowest ranking stocks in each of the four factors.
- Each sub-index is comprised of 50 securities selected from the Nasdaq US 500 Large Cap Index.
- Using the Lunt Factor Allocation proprietary methodology, the eight sub-indices are ranked to determine which side of each factor (high or low) is exhibiting stronger risk-adjusted relative strength.
- Each of the sub-indices is given a score and the top four scoring sub-indices are selected for inclusion in the index.
- A high and a low sub-index from the same factor cannot be selected during the same monthly period.
- Each sub-index selected will hold a 25% weight in the index at the time of inclusion. If a selected sub-index is currently in the index, its weight remains unchanged. Newly selected sub-index(es) inherit the weighting of the outgoing sub-index(es). If all four sub-indexes change, each will receive a 25% weight.
- The eight sub-indices are evaluated monthly. The momentum, value and volatility sub-indices are rebalanced semi-annually and the quality sub-indices are rebalanced annually.
Ticker | FCTR |
Fund Type | Large Cap Core |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33733E872 |
ISIN | US33733E8729 |
Intraday NAV | FCTRIV |
Fiscal Year-End | 12/31 |
Exchange | Cboe BZX |
Inception | 7/25/2018 |
Inception Price | $20.23 |
Inception NAV | $20.23 |
Rebalance Frequency | Monthly |
Expense Ratio | 0.65% |
Closing NAV1 | $22.32 |
Closing Market Price2 | $22.36 |
Bid/Ask Midpoint | $22.34 |
Bid/Ask Premium | 0.09% |
Total Net Assets | $61,382,138 |
Outstanding Shares | 2,750,002 |
Daily Volume | 1,903 |
Average 30-Day Daily Volume | 9,094 |
Closing Market Price 52-Week High/Low | $22.46 / $16.74 |
Closing NAV 52-Week High/Low | $22.45 / $16.70 |
Number of Holdings (excluding cash) | 177 |
Maximum Market Cap. | $1,187,463 |
Median Market Cap. | $26,062 |
Minimum Market Cap. | $7,215 |
Price/Earnings | 20.11 |
Price/Book | 2.48 |
Price/Cash Flow | 12.76 |
Price/Sales | 1.38 |
Holding |
Percent |
DXC Technology Company |
1.86% |
Sysco Corporation |
1.32% |
MSCI Inc. |
1.30% |
Capital One Financial Corporation |
1.24% |
McCormick & Company, Incorporated |
1.22% |
Mastercard Incorporated |
1.19% |
Sarepta Therapeutics, Inc. |
1.15% |
Visa Inc. (Class A) |
1.13% |
Centene Corporation |
1.11% |
PepsiCo, Inc. |
1.08% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
64 |
0 |
0 |
0 |
6/30/2019 |
62 |
0 |
0 |
1 |
3/31/2019 |
61 |
0 |
0 |
0 |
12/31/2018 |
45 |
2 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
0 |
0 |
0 |
0 |
6/30/2019 |
0 |
0 |
0 |
0 |
3/31/2019 |
0 |
0 |
0 |
0 |
12/31/2018 |
15 |
1 |
0 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
Financials
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21.16%
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Information Technology
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14.86%
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Health Care
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14.66%
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Consumer Staples
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9.56%
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Energy
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8.09%
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Real Estate
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7.67%
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Industrials
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6.48%
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Utilities
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5.48%
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Consumer Discretionary
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5.03%
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Materials
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3.57%
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Communication Services
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3.44%
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Nasdaq US 500 Large Cap Index - The Index is a float modified market capitalization weighted index that contains the top 500 securities from the NASDAQ US Benchmark Index.
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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 advisors 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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