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First Trust Dividend Strength ETF (FTDS)
  • 2022 Estimated Capital Gain Distributions
    Certain 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 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.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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.
Index Description According to the Index Provider
  • 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. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 12/2/2022)
Closing NAV1$44.86
Closing Market Price2$44.94
Bid/Ask Midpoint$44.93
Bid/Ask Premium0.16%
30-Day Median Bid/Ask Spread30.55%
Total Net Assets$17,944,888
Outstanding Shares400,002
Daily Volume3,875
Average 30-Day Daily Volume1,916
Closing Market Price 52-Week High/Low$50.71 / $39.12
Closing NAV 52-Week High/Low$50.61 / $38.91
Number of Holdings (excluding cash)51
Top Holdings (as of 12/1/2022)*
Holding Percent
Best Buy Co., Inc. 2.42%
Caterpillar Inc. 2.23%
T. Rowe Price Group, Inc. 2.21%
Norfolk Southern Corporation 2.19%
BlackRock, Inc. 2.17%
A.O. Smith Corporation 2.16%
Landstar System, Inc. 2.11%
Regions Financial Corporation 2.11%
Aflac Incorporated 2.10%
Northern Trust Corporation 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 12/4/2022)4$0.2280
30-Day SEC Yield (as of 10/31/2022)52.24%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)61.77%
12-Month Distribution Rate (as of 10/31/2022)71.62%
Index Yield (as of 10/31/2022)82.74%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$354,455
Median Market Cap.$21,816
Minimum Market Cap.$5,308
Price/Cash Flow8.62
Bid/Ask Premium/Discount (a