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First Trust Dorsey Wright Focus 5 ETF (FV)
Investment Objective/Strategy - This exchange-traded 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 Dorsey Wright Focus Five™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is designed to provide targeted exposure to five First Trust sector and industry based ETFs that Dorsey, Wright & Associates (DWA) believes offer the greatest potential to outperform the other ETFs in the selection universe and that satisfy trading volume and liquidity requirements.
  • To construct the Index, DWA begins with the universe of First Trust sector and industry ETFs.
  • Using the DWA proprietary relative strength methodology, the ETFs are compared to each other to determine inclusion by measuring each ETF's price momentum relative to other ETFs in the universe.
  • Each ETF is given a score that allows DWA to objectively determine where it ranks relative to all other ETFs in the universe.
  • The relative strength analysis is conducted twice monthly. ETFs are replaced when they fall sufficiently out of favor, based on their relative strength, versus the other ETFs within the universe. The Index is rebalanced so each position is equally weighted.
Fund Overview
Fund TypeSector Rotation
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Intraday NAVFVIV
Fiscal Year-End09/30
Inception Price$20.02
Inception NAV$20.02
Rebalance FrequencyPeriodically
Fees And Expenses
Management Fees0.30%
Acquired Fund Fees and Expenses0.60%
Total Annual Expenses0.90%
As of Date 2/1/2023
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 6/2/2023)
Closing NAV1$44.74
Closing Market Price2$44.69
Bid/Ask Midpoint$44.74
Bid/Ask Discount0.01%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$3,176,866,024
Outstanding Shares71,000,002
Daily Volume195,277
Average 30-Day Daily Volume276,757
Closing Market Price 52-Week High/Low$50.40 / $39.93
Closing NAV 52-Week High/Low$50.36 / $39.91
Number of Holdings (excluding cash)5
Top Holdings (as of 6/2/2023)*
Holding Percent
First Trust Nasdaq Semiconductor ETF 21.10%
First Trust Industrials/Producer Durables AlphaDEX® Fund 20.28%
First Trust Nasdaq Food & Beverage ETF 19.98%
First Trust Consumer Discretionary AlphaDEX® Fund 19.83%
First Trust Materials AlphaDEX® Fund 18.80%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 4/30/2023)4

Among 380 funds in the Mid-Cap Blend category. This fund was rated 3 stars/380 funds (3 years), 4 stars/356 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 6/3/2023)5$0.1428
30-Day SEC Yield (as of 4/28/2023)60.88%
12-Month Distribution Rate (as of 4/28/2023)71.58%
Index Yield (as of 4/28/2023)81.46%
Fund Characteristics (as of 5/31/2023)10
Maximum Market Cap.$1,525
Median Market Cap.$1,202
Minimum Market Cap.$955
Bid/Ask Premium/Discount (as of 6/2/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 140 44 20 ---
Days Traded at Discount 111 18 23 ---
Hypothetical Growth of $10,000 Since Inception (as of 6/1/2023) *