Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
First Trust Rising Dividend Achievers ETF (RDVY)
Investment Objective/Strategy - The Fund seeks investment results that correspond generally to the price and yield (before the fees and expenses) of the Nasdaq US Rising Dividend Achievers™ Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in securities that comprise the Index. The Index is composed of the securities of 50 companies with a history of raising their dividends and exhibit the characteristics to continue to do so in the future ("Index Securities"). The Index is designed to provide access to a diversified portfolio of large capitalization income producing securities.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index begins with the stocks in the Nasdaq US Benchmark Index, and eliminates those companies classified as a Real Estate Investment Trust by the Industry Classification Benchmark. The largest 1000 companies with a minimum three-month average daily dollar trading volume of $5 million are selected.
  • To be eligible for inclusion in the Index, companies must have:
    • paid a dividend in the trailing twelve-month period greater than the dividend paid in the trailing twelve-month period three and five years prior.
    • positive earnings per share in the most recent fiscal year greater than the earnings per share three fiscal years prior.
    • a cash to debt ratio greater than 50%.
    • a trailing twelve-month period payout ratio no greater than 65%.
  • Eligible securities are ranked by a combined factor of dollar dividend increase over the previous five year period, current dividend yield, and payout ratio.
  • The 50 eligible securities with the lowest aggregated rank are selected for inclusion in the index, subject to a maximum of 30% from any one sector.
  • The Index stocks are equally weighted initially and on each rebalancing effective date. The Index is reconstituted annually and rebalanced quarterly.
Fund Overview
TickerRDVY
Fund TypeEquity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33738R506
ISINUS33738R5063
Intraday NAVRDVYIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception1/6/2014
Inception Price$19.93
Inception NAV$19.93
Rebalance FrequencyQuarterly
Expense Ratio0.50%
Current Fund Data (as of 10/3/2022)
Closing NAV1$40.12
Closing Market Price2$40.16
Bid/Ask Midpoint$40.13
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$7,533,370,083
Outstanding Shares187,750,002
Daily Volume838,251
Average 30-Day Daily Volume967,188
Closing Market Price 52-Week High/Low$52.79 / $38.88
Closing NAV 52-Week High/Low$52.80 / $38.83
Number of Holdings (excluding cash)50
Top Holdings (as of 10/3/2022)*
Holding Percent
Freeport-McMoRan Inc. 2.10%
Humana Inc. 2.09%
Louisiana-Pacific Corporation 2.09%
PulteGroup, Inc. 2.09%
Cummins Inc. 2.08%
Huntsman Corporation 2.08%
The Allstate Corporation 2.08%
EOG Resources, Inc. 2.07%
UnitedHealth Group Incorporated 2.07%
Microsoft Corporation 2.06%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2022)4

Among 1,154 funds in the Large Value category. This fund was rated 4 stars/1,154 funds (3 years), 4 stars/1,082 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 10/4/2022)5$0.2178
30-Day SEC Yield (as of 8/31/2022)61.95%
12-Month Distribution Rate (as of 8/31/2022)71.58%
Index Yield (as of 8/31/2022)82.61%
Fund Characteristics (as of 9/30/2022)10
Maximum Market Cap.$2,220,978
Median Market Cap.$44,006
Minimum Market Cap.$3,782
Price/Earnings9.00
Price/Book1.99
Price/Cash Flow7.32
Price/Sales1.34
Bid/Ask Premium/Discount (as of 10/3/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 230 49 44 42
Days Traded at Discount 22 13 18 22
Top Sector Exposure (as of 10/3/2022)
Financials 29.58%
Technology 19.99%
Industrials 15.93%
Health Care 10.28%
Consumer Discretionary 9.85%
Basic Materials 4.19%
Energy 4.10%
Consumer Staples 4.08%
Telecommunications 2.00%
Hypothetical Growth of $10,000 Since Inception (as of 10/3/2022) *
Tracking Index: Nasdaq US Rising Dividend Achievers™ Index

Month End Performance (as of 8/31/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) -8.45% -16.43% -12.22% 13.81% 11.43% N/A 11.16%
After Tax Held -8.65% -16.72% -12.74% 13.08% 10.73% N/A 10.36%
After Tax Sold -5.01% -9.72% -7.21% 10.48% 8.75% N/A 8.69%
Market Price -8.46% -16.43% -12.24% 13.83% 11.44% N/A 11.16%
Index Performance **
Nasdaq US Rising Dividend Achievers™ Index -8.37% -16.17% -11.79% 14.44% 12.04% N/A 11.75%
Dow Jones U.S. Select Dividend™ Index -6.88% -0.38% 4.45% 11.37% 9.64% N/A 10.46%
Quarter End Performance (as of 6/30/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception11
Fund Performance *
Net Asset Value (NAV) -15.97% -20.28% -13.57% 11.38% 10.37% N/A 10.77%
After Tax Held -16.16% -20.56% -14.08% 10.66% 9.67% N/A 9.96%
After Tax Sold -9.46% -12.00% -8.00% 8.55% 7.88% N/A 8.35%
Market Price -15.97% -20.25% -13.53% 11.41% 10.36% N/A 10.78%
Index Performance **
Nasdaq US Rising Dividend Achievers™ Index -15.91% -20.12% -13.17% 11.99% 10.96% N/A 11.37%
Dow Jones U.S. Select Dividend™ Index -7.44% -2.56% 4.18% 10.03% 9.15% N/A 10.39%
3-Year Statistics (as of 8/31/2022)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
RDVY 23.31% 2.15 1.05 0.65 0.92
Dow Jones U.S. Select Dividend™ Index 20.46%