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2019 Estimated Capital Gain Distributions
Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or 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.
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.
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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.
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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%.
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Eligible securities are ranked by a combined factor of dollar dividend increase over the previous five year period, current dividend yield, and payout ratio.
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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.
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The index stocks are equally weighted initially and on each rebalancing effective date. The index is reconstituted annually and rebalanced quarterly.
Ticker | RDVY |
Fund Type | Equity Income |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
CUSIP | 33738R506 |
ISIN | US33738R5063 |
Intraday NAV | RDVYIV |
Fiscal Year-End | 09/30 |
Exchange | Nasdaq |
Inception | 1/6/2014 |
Inception Price | $19.93 |
Inception NAV | $19.93 |
Rebalance Frequency | Quarterly |
Expense Ratio | 0.50% |
Closing NAV1 | $34.69 |
Closing Market Price2 | $34.72 |
Bid/Ask Midpoint | $34.71 |
Bid/Ask Premium | 0.05% |
Total Net Assets | $1,049,338,549 |
Outstanding Shares | 30,250,002 |
Daily Volume | 284,615 |
Average 30-Day Daily Volume | 254,701 |
Closing Market Price 52-Week High/Low | $34.89 / $24.76 |
Closing NAV 52-Week High/Low | $34.88 / $24.82 |
Number of Holdings (excluding cash) | 49 |
Maximum Market Cap. | $1,187,463 |
Median Market Cap. | $38,711 |
Minimum Market Cap. | $2,547 |
Price/Earnings | 14.64 |
Price/Book | 2.27 |
Price/Cash Flow | 11.17 |
Price/Sales | 1.11 |
Holding |
Percent |
Skyworks Solutions, Inc. |
2.43% |
State Street Corporation |
2.43% |
Best Buy Co., Inc. |
2.32% |
NVIDIA Corporation |
2.31% |
Apple Inc. |
2.30% |
Bristol-Myers Squibb Company |
2.28% |
Amgen Inc. |
2.22% |
Vishay Intertechnology, Inc. |
2.15% |
Lam Research Corporation |
2.14% |
Louisiana-Pacific Corporation |
2.14% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 1,082 funds in the Large Value category. This fund was rated 5 stars/1,082 funds (3 years), 5 stars/944 funds (5 years) based on risk adjusted returns.
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
54 |
0 |
0 |
0 |
6/30/2019 |
49 |
0 |
0 |
0 |
3/31/2019 |
49 |
0 |
0 |
0 |
12/31/2018 |
38 |
2 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
10 |
0 |
0 |
0 |
6/30/2019 |
14 |
0 |
0 |
0 |
3/31/2019 |
12 |
0 |
0 |
0 |
12/31/2018 |
21 |
1 |
1 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
Financials
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30.49%
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Information Technology
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27.10%
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Health Care
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10.56%
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Consumer Discretionary
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10.37%
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Industrials
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9.81%
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Materials
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4.12%
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Communication Services
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3.82%
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Consumer Staples
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2.03%
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Energy
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1.70%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
RDVY |
15.37% |
1.63 |
1.31 |
0.82 |
0.92 |
Dow Jones U.S. Select Dividend™ Index |
10.80% |
--- |
1.00 |
0.78 |
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.
Dow Jones U.S. Select Dividend™ Index - The Index consists of 100 widely-traded, dividend-paying stocks derived from the Dow Jones U.S.Total Market IndexSM.
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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 advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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