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First Trust Dividend Strength ETF (FTDS)
Investment Objective/Strategy - First Trust Dividend Strength ETF is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called The Dividend Strength Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • A security must be a common stock or REIT that is a member of the NASDAQ US Benchmark Index. To be eligible for inclusion in the index, a security must have a minimum market capitalization of $5 billion; be ranked in the top 1,500 securities in the NASDAQ US Benchmark Index by free-float market capitalization; and have a minimum three-month average daily dollar trading volume of $5 million.
  • To be included in the index, companies must have:
    • a long-term debt to market cap ratio of less than 40%;
    • a return on equity of greater than 10%;
    • a 5-year compounded dividend growth rate greater than 5%;
    • a dividend payout ratio of less than 50%.
  • Each eligible security is ranked based upon indicated dividend yield.
    • Securities within each Industry Classification Benchmark industry are ranked by dividend yield relative to their industry peers, with the highest indicated dividend yielding security receiving a rank of 1.
    • The top 15 securities per industry are selected and combined for the final evaluation universe.
    • Each remaining security from the combined evaluation universe is reranked based on indicated dividend yield with a rank of 1 representing the highest indicated dividend yield.
  • The top 50 securities are selected and are equally weighted.
  • The index is reconstituted and rebalanced on a quarterly basis.
Fund Overview
Fund TypeEquity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*1.08%
Net Expense Ratio*0.70%
* As of 5/2/2022
Expenses are capped contractually at 0.70% per year, at least through April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 6/24/2022)
Closing NAV1$42.08
Closing Market Price2$42.13
Bid/Ask Midpoint$42.19
Bid/Ask Premium0.25%
30-Day Median Bid/Ask Spread30.45%
Total Net Assets$16,834,003
Outstanding Shares400,002
Daily Volume2,600
Average 30-Day Daily Volume1,680
Closing Market Price 52-Week High/Low$51.86 / $40.14
Closing NAV 52-Week High/Low$51.72 / $40.13
Number of Holdings (excluding cash)50
Top Holdings (as of 6/24/2022)*
Holding Percent
M&T Bank Corporation 2.29%
Quest Diagnostics Incorporated 2.27%
Landstar System, Inc. 2.25%
Booz Allen Hamilton Holding Corporation 2.24%
Cummins Inc. 2.19%
Duke Realty Corporation 2.17%
Mondelez International, Inc. 2.16%
Popular, Inc. 2.14%
United Parcel Service, Inc. (Class B) 2.14%
Snap-on Incorporated 2.10%

* 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 6/28/2022)4$0.2316
30-Day SEC Yield (as of 5/31/2022)52.06%
Unsubsidized 30-Day SEC Yield (as of 5/31/2022)61.73%
12-Month Distribution Rate (as of 5/31/2022)70.92%
Index Yield (as of 5/31/2022)82.65%
Fund Characteristics (as of 5/31/2022)10
Maximum Market Cap.$311,153
Median Market Cap.$18,173
Minimum Market Cap.$4,981
Price/Cash Flow9.01
Bid/Ask Premium/Discount (as of 6/24/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 200 47 57 ---
Days Traded at Discount 52 15 1 ---
Top Sector Exposure (as of 6/24/2022)
Financials 30.22%
Industrials 20.50%
Consumer Discretionary 15.60%
Materials 15.58%
Information Technology 5.74%
Consumer Staples 4.14%
Health Care 2.28%
Real Estate 2.18%
Energy 1.98%
Communication Services 1.78%
Hypothetical Growth of $10,000 Since Inception (as of 6/24/2022) *