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First Trust Dorsey Wright Focus 5 ETF (FV)
  • 2023 Estimated Capital Gain Distributions
    Please note that none of our First Trust Exchange-Traded Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Exchange-Traded Funds are expected to pay any special short-term capital gain distributions in December. 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 - 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
TickerFV
Fund TypeSector Rotation
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33738R605
ISINUS33738R6053
Intraday NAVFVIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception3/5/2014
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 Statement of Additional Information for full details.
Current Fund Data (as of 11/30/2023)
Closing NAV1$47.26
Closing Market Price2$47.30
Bid/Ask Midpoint$47.26
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread (as of 11/29/2023)30.09%
Total Net Assets$3,142,883,986
Outstanding Shares66,500,002
Daily Volume162,044
Average 30-Day Daily Volume221,762
Closing Market Price 52-Week High/Low$49.10 / $41.20
Closing NAV 52-Week High/Low$49.08 / $41.24
Number of Holdings (excluding cash)5
Top Holdings (as of 11/29/2023)*
Holding Percent
First Trust NASDAQ-100-Technology Sector Index Fund 20.97%
First Trust Nasdaq Semiconductor ETF 19.97%
First Trust Dow Jones Internet Index Fund 19.78%
First Trust Industrials/Producer Durables AlphaDEX® Fund 19.64%
First Trust Consumer Discretionary AlphaDEX® Fund 19.62%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2023)4

Among 385 funds in the Mid-Cap Blend category. This fund was rated 3 stars/385 funds (3 years), 5 stars/359 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 12/1/2023)5$0.0096
30-Day SEC Yield (as of 10/31/2023)60.23%
12-Month Distribution Rate (as of 10/31/2023)71.03%
Index Yield (as of 10/31/2023)80.69%
Fund Characteristics (as of 10/31/2023)9
Maximum Market Cap.$4,814
Median Market Cap.$1,492
Minimum Market Cap.$987
Bid/Ask Premium/Discount (as of 11/30/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 140 44 32 34
Days Traded at Discount 111 18 30 29
Hypothetical Growth of $10,000 Since Inception (as of 11/29/2023) *