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First Trust Rising Dividend Achievers ETF (RDVY)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a 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.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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 small, mid and large capitalization companies with a history of raising their dividends.
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 Ratio*0.50%
* As of 2/1/2022
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 12/7/2022)
Closing NAV1$45.07
Closing Market Price2$45.05
Bid/Ask Midpoint$45.06
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.02%
Total Net Assets$8,190,993,294
Outstanding Shares181,750,002
Daily Volume913,044
Average 30-Day Daily Volume859,994
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)51
Top Holdings (as of 12/7/2022)*
Holding Percent
Freeport-McMoRan Inc. 2.46%
Louisiana-Pacific Corporation 2.33%
NVIDIA Corporation 2.28%
Aflac Incorporated 2.24%
Applied Materials, Inc. 2.23%
The Interpublic Group of Companies, Inc. 2.20%
Cummins Inc. 2.16%
KLA Corporation 2.16%
PulteGroup, Inc. 2.12%
Omnicom Group Inc. 2.11%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 11/30/2022)4

Among 1,148 funds in the Large Value category. This fund was rated 4 stars/1,148 funds (3 years), 4 stars/1,094 funds (5 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 12/8/2022)5$0.2178
30-Day SEC Yield (as of 11/30/2022)61.92%
12-Month Distribution Rate (as of 11/30/2022)71.63%
Index Yield (as of 11/30/2022)82.52%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$2,354,879
Median Market Cap.$55,894
Minimum Market Cap.$4,574
Price/Earnings11.34
Price/Book2.49
Price/Cash Flow9.30
Price/Sales1.60
Bid/Ask Premium/Discount (as of 12/7/2022)
  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 12/7/2022)
Financials 29.37%
Technology 19.74%
Industrials 16.27%
Consumer Discretionary 10.12%
Health Care 10.12%
Basic Materials 4.53%
Consumer Staples 4.01%
Energy 3.75%
Telecommunications 2.09%
Hypothetical Growth of $10,000 Since Inception (as of 12/7/2022) *