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First Trust Dorsey Wright International Focus 5 ETF (IFV)
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 International Focus Five Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Dorsey Wright International Focus Five Index is designed to provide targeted exposure to five First Trust international ETFs that Dorsey, Wright & Associates, LLC (DWA) believes offer the greatest potential to outperform the other ETFs in the selection universe.
  • To construct the index, DWA begins with the universe of First Trust international ETFs, which includes country/region-based ETFs advised by First Trust Advisors L.P.
  • 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
TickerIFV
Fund TypeInternational Rotation
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33738R886
ISINUS33738R8869
Intraday NAVIFVIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception7/22/2014
Inception Price$20.09
Inception NAV$20.09
Rebalance FrequencyPeriodically
Fees And Expenses
Management Fees0.30%
Acquired Fund Fees and Expenses0.75%
Total Annual Expenses1.05%
Current Fund Data (as of 7/27/2021)
Closing NAV1$23.36
Closing Market Price2$23.42
Bid/Ask Midpoint$23.38
Bid/Ask Premium0.06%
30-Day Median Bid/Ask Spread30.54%
Total Net Assets$275,666,436
Outstanding Shares11,800,002
Daily Volume13,878
Average 30-Day Daily Volume32,204
Closing Market Price 52-Week High/Low$25.18 / $18.16
Closing NAV 52-Week High/Low$25.17 / $18.11
Number of Holdings (excluding cash)5
Top Holdings (as of 7/27/2021)*
Holding Percent
First Trust India NIFTY 50 Equal Weight ETF 21.92%
First Trust Switzerland AlphaDEX® Fund 21.22%
First Trust Germany AlphaDEX® Fund 20.41%
First Trust BICK Index Fund 19.20%
First Trust Chindia ETF 17.08%

* 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 7/28/2021)4$0.0617
30-Day SEC Yield (as of 6/30/2021)50.63%
12-Month Distribution Rate (as of 6/30/2021)60.93%
Index Yield (as of 6/30/2021)70.74%
Fund Characteristics (as of 6/30/2021)9
Maximum Market Cap.$244
Median Market Cap.$106
Minimum Market Cap.$76
Top Country Exposure (as of 7/27/2021)
Country Percent
India 33.82%
Switzerland 21.26%
Germany 19.95%
China 12.13%
Brazil 4.60%
Other 3.65%
South Korea 3.64%
Luxembourg 0.50%
Hong Kong 0.35%
Singapore 0.10%
Bid/Ask Premium/Discount (as of 7/27/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 87 35 21 4
Days Traded at Discount 166 26 42 14
Top Sector Exposure (as of 7/27/2021)
Consumer Discretionary 20.35%
Financials 17.02%
Materials 11.38%
Health Care 9.82%
Industrials 9.09%
Information Technology 8.86%
Communication Services 8.48%
Real Estate 4.54%
Consumer Staples 3.79%
Utilities 3.39%
Energy 3.28%
Hypothetical Growth of $10,000 Since Inception (as of 7/27/2021) *
Tracking Index: Dorsey Wright International Focus Five Index

Month End Performance (as of 6/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception10
Fund Performance *
Net Asset Value (NAV) 7.59% 11.78% 47.04% 7.82% 10.25% N/A 4.63%
After Tax Held 7.48% 11.67% 46.41% 6.97% 9.40% N/A 3.93%
After Tax Sold 4.49% 6.98% 27.80% 5.62% 7.68% N/A 3.26%
Market Price 7.54% 11.47% 47.36% 7.90% 10.26% N/A 4.64%
Index Performance **
Dorsey Wright International Focus Five Index 7.69% 11.96% 47.55% 8.50% 10.82% N/A 5.09%
MSCI ACWI ex USA Index 5.48% 9.16% 35.72% 9.38% 11.08% N/A 5.33%
Quarter End Performance (as of 6/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception10
Fund Performance *
Net Asset Value (NAV) 7.59% 11.78% 47.04% 7.82% 10.25% N/A 4.63%
After Tax Held 7.48% 11.67% 46.41% 6.97% 9.40% N/A 3.93%
After Tax Sold 4.49% 6.98% 27.80% 5.62% 7.68% N/A 3.26%
Market Price 7.54% 11.47% 47.36% 7.90% 10.26% N/A 4.64%
Index Performance **
Dorsey Wright International Focus Five Index 7.69% 11.96% 47.55% 8.50% 10.82% N/A 5.09%
MSCI ACWI ex USA Index 5.48% 9.16% 35.72% 9.38% 11.08% N/A 5.33%
3-Year Statistics (as of 6/30/2021)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
IFV 23.82% -2.71 1.29 0.38 0.95
MSCI ACWI ex USA Index 17.60% --- 1.00 0.52 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the Dorsey Wright International Focus Five Index is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

MSCI ACWI ex USA Index - The Index captures large and mid and cap representation across 22 of 23 Developed Markets countries, excluding the United States, and 24 Emerging Markets countries.

Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
7 Index yield represents the weighted average trailing 12-month dividend of the constituents of the Dorsey Wright International Focus Five Index.
8 Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
9 All market capitalization numbers are in USD$ Millions.
10 Inception Date is 7/22/2014

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Risk Considerations

A fund's return may not match the return of its underlying index. A fund invests in securities included in the index regardless of investment merit and the securities held by a fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, many countries continue to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

Depositary receipts may be less liquid than the underlying shares in their primary trading market.

A fund may invest in the shares of other ETFs, which involves additional expenses that would not be present in a direct investment in the underlying funds. In addition, a fund's investment performance and risks may be related to the investment performance and risks of the underlying funds.

Stocks with growth characteristics tend to be more volatile than certain other stocks and their prices may fluctuate more dramatically than the overall stock market.

There is no assurance that the index provider or its agents will compile or maintain the index accurately.

A fund may own a significant portion of First Trust ETFs included in a fund. Any such ETF may be removed from the index if it does not comply with the index's eligibility requirements. A fund may be forced to sell shares of certain First Trust ETFs at inopportune times or for prices other than at current market values or may elect not to sell such shares on the day that they are removed from the index, due to market conditions or otherwise. Due to these factors, the variation between a fund's annual return and the return of the index may increase significantly.

The index employs a "momentum" style methodology that emphasizes selecting stocks that have had higher recent price performance compared to other stocks. Momentum can turn quickly and cause significant variation from other types of investments.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks.

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

Value stocks are subject to the risk that valuations never improve or that the returns on value stocks are less than returns on other styles of investing or the overall stock market.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

Nasdaq® and Dorsey Wright International Focus Five Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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