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First Trust Dorsey Wright Dynamic Focus 5 ETF
ETF
FVC
Payout Change
Pending
Price as of:
$37.6
+0.27
+0.71%
primary theme
U.S. Large-Cap Growth Equity
FVC (ETF)
First Trust Dorsey Wright Dynamic Focus 5 ETF
Payout Change
Pending
Price as of:
$37.6
+0.27
+0.71%
primary theme
U.S. Large-Cap Growth Equity
FVC (ETF)
First Trust Dorsey Wright Dynamic Focus 5 ETF
Payout Change
Pending
Price as of:
$37.6
+0.27
+0.71%
primary theme
U.S. Large-Cap Growth Equity
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
15.6%
1 yr return
21.2%
3 Yr Avg Return
0.4%
5 Yr Avg Return
8.0%
Net Assets
$166 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$37.3
$31.40
$37.81
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FVC - Profile
Distributions
- YTD Total Return 15.6%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.02%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Dorsey Wright Dynamic Focus 5 ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateMar 17, 2016
-
Shares Outstanding6700002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid McGarel
Fund Description
The Fund will normally invest at least 80% of its net assets (including investment borrowings) in the exchange-traded funds (“ETFs”) that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The ETFs comprising the Index selection universe are advised by First Trust Advisors L.P., the Fund’s investment advisor (“First Trust” or the “Advisor”). The Index is owned and was developed by Dorsey Wright & Associates, LLC (the “Index Provider”). The Index Provider has retained Nasdaq, Inc. to calculate and maintain the Index. Nasdaq, Inc. may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity.The Index is constructed pursuant to the Index Provider’s proprietary methodology, which takes into account the performance of each of the First Trust sector and industry-based ETFs relative to one another. The Index is designed to provide targeted exposure to the five First Trust sector and industry-based ETFs that the Index determines offer the greatest potential to outperform the other First Trust sector and industry-based ETFs and that satisfy certain trading volume and liquidity requirements. In addition to the First Trust sector and industry-based ETFs, the Index may select the First Trust Enhanced Short Maturity ETF (“FTSM”), an ultra-short duration ETF. FTSM is also evaluated and its inclusion and weight in the Index is adjusted based upon its rank relative to the selection universe of sector and industry-based ETFs chosen by the Index.According to the Index Provider, relative strength measures the price performance of a security versus a market average, another security or universe of securities. A security’s relative strength can improve if it rises more than the market in an uptrend, or goes down less than the market in a downtrend. The Index uses relative strength to evaluate the momentum of each First Trust sector and industry-based ETF to determine the five ETFs that have the highest level of momentum, which the Index determines have the greatest probability of outperforming the other First Trust sector and industry-based ETFs and that satisfy certain trading volume and liquidity requirements. The Index uses the price data of the selected First Trust sector and industry-based ETFs to perform the relative strength analysis. When determining relative strength, the Index takes into account a variety of factors to track movements and trends of securities prices over various time periods. The Index Provider has constructed the Index to identify longer term trends though a series of observations, which are used to determine the inputs for the relative strength analysis. The Fund may invest in non-U.S. securities, including depositary receipts, companies with various market capitalizations and growth and value stocks. The Fund may also invest in ETFs which invest in asset-backed securities, floating-rate securities, mortgage-related securities, non-agency securities and U.S. government securities.According to the Index Provider, security selection for the Index will be conducted in the following manner:1.The selection universe of the Index begins with all of the First Trust ETFs and the FTSM.2.The Index then identifies the First Trust ETFs that are designed to target a specific sector or industry group, or that have a significant overweight towards a particular sector or industry group. The selected ETFs must also satisfy certain trading volume and liquidity requirements.3.The sector and industry-based First Trust ETFs are then ranked using a relative strength methodology that is based upon each ETF’s market performance. Relative strength is a momentum technique that relies on unbiased, unemotional and objective data, rather than biased forecasting and subjective research. Relative strength is a way of recording historic performance patterns, and the Index uses relative strength signals as a trend indicator for current momentum trends of a security versus another security.4.The Index then selects the five top-ranking First Trust sector and industry-based ETFs according to the proprietary relative strength methodology for inclusion in the Index.5.The Index is evaluated on a bi-monthly basis (occurring in the second and fourth weeks of the month containing a Friday with the exception of the month of December wherein the Index holdings are evaluated once, in the second week of the month containing a Friday), and the five positions within the Index are held as long as those positions continue to suggest that they will outperform the majority of the inventory of other potential First Trust ETFs on a relative basis. An ETF included in the Index will only be removed if it falls to the bottom half of the universe of First Trust sector and industry-based ETFs according to the Index’s relative strength methodology. A new ETF is only added to the Index when a current member is removed. The Index will always be comprised of five First Trust sector and industry-based ETFs. The relative strength analysis is conducted on weeks containing the second and fourth Friday of the month with the exception of the week between Christmas Day and New Year’s Day. When a sector or industry ETF addition or deletion is made, the portfolio is rebalanced so each position is equally weighted.6.In instances where the relative strength begins to diminish among more than one-third of the potential First Trust sector and industry-based ETFs relative to FTSM, the Index allocates to FTSM. The target allocation to FTSM is equal to the percentile rank of FTSM within the Index’s relative strength rankings. FTSM may constitute between 0% and 95% of the Index; however, the maximum level that FTSM can be increased or decreased during an evaluation week is limited to 33% per evaluation. Changes in FTSM’s allocation within the Index will not cause the five First Trust sector and industry-based ETFs in the Index to be rebalanced back to equally weighted.The Index is rebalanced and reconstituted periodically and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s periodic rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector. As of December 31, 2023, the Index was composed of the following First Trust ETFs:•First Trust Consumer Discretionary AlphaDEX® Fund•First Trust Dow Jones Internet Index Fund•First Trust Enhanced Short Maturity ETF•First Trust Industrials/Producer Durables AlphaDEX® Fund•First Trust Nasdaq SemiconductorETF•First Trust NASDAQ-100-Technology SectorIndex FundThe Fund's investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of December 31, 2023.FTSMFTSM’s investment objective is to seek current income, consistent with preservation of capital and daily liquidity. Under normal market conditions, FTSM intends to achieve its investment objective by investing at least 80% of its net assets in a portfolio of U.S. dollar-denominated fixed and variable rate debt securities, including securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or U.S. government-sponsored entities, residential and commercial mortgage-backed securities, asset-backed securities, U.S. corporate bonds, fixed income securities issued by non-U.S. corporations and governments, municipal obligations, privately issued securities and other debt securities bearing fixed or floating interest rates. FTSM may also invest in money market securities. FTSM may invest up to 20% of its net assets in privately-issued, non-agency sponsored mortgage- and asset-backed securities and may invest up to 20% of its net assets in floating rate loans representing amounts borrowed by companies or other entities from banks and other lenders. Under normal market conditions, FTSM’s portfolio is expected to have an average duration of less than one year and an average maturity of less than three years. Additional information regarding FTSM, including its prospectus and most recent annual report, is available without charge by visiting www.ftportfolios.com/Retail/Etf/EtfFundNews.aspx?Ticker=FTSM.
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FVC - Performance
Return Ranking - Trailing
| Period | FVC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.6% | -0.3% | 54.6% | 93.50% |
| 1 Yr | 21.2% | 4.1% | 77.8% | 94.77% |
| 3 Yr | 0.4%* | -23.6% | 25.2% | 92.80% |
| 5 Yr | 8.0%* | -13.6% | 29.9% | 97.87% |
| 10 Yr | N/A* | -4.8% | 20.1% | 79.98% |
* Annualized
Return Ranking - Calendar
| Period | FVC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.4% | -74.1% | 72.4% | 99.37% |
| 2022 | -7.4% | -85.9% | 4.7% | 1.01% |
| 2021 | 21.8% | -52.4% | 60.5% | 11.63% |
| 2020 | 12.4% | -34.3% | 145.0% | 92.09% |
| 2019 | 18.0% | -6.9% | 49.4% | 85.11% |
Total Return Ranking - Trailing
| Period | FVC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.6% | -0.3% | 54.6% | 93.50% |
| 1 Yr | 21.2% | 4.1% | 77.8% | 94.77% |
| 3 Yr | 0.4%* | -23.6% | 25.2% | 92.80% |
| 5 Yr | 8.0%* | -13.6% | 29.9% | 97.87% |
| 10 Yr | N/A* | -4.8% | 20.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FVC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -4.6% | -4.6% | 72.4% | 100.00% |
| 2022 | -6.0% | -61.7% | 5.6% | 1.01% |
| 2021 | 21.9% | -39.8% | 118.1% | 51.72% |
| 2020 | 12.7% | 2.8% | 149.2% | 98.84% |
| 2019 | 19.3% | -5.2% | 49.4% | 99.29% |
FVC - Holdings
Concentration Analysis
| FVC | Category Low | Category High | FVC % Rank | |
|---|---|---|---|---|
| Net Assets | 166 M | 296 K | 287 B | 84.23% |
| Number of Holdings | 6 | 2 | 3061 | 98.83% |
| Net Assets in Top 10 | 154 M | 126 K | 151 B | 74.66% |
| Weighting of Top 10 | 100.02% | 0.7% | 205.0% | 1.27% |
Top 10 Holdings
- First Trust Nasdaq Semiconductor ETF 20.69%
- First Trust Industrials/Producer Durables AlphaDEX Fund 20.45%
- First Trust NASDAQ-100 Technology Index Fund 20.01%
- First Trust Dow Jones Internet Index Fund 19.88%
- First Trust Consumer Discretionary AlphaDEX Fund 18.93%
- Dreyfus Government Cash Management 0.06%
Asset Allocation
| Weighting | Return Low | Return High | FVC % Rank | |
|---|---|---|---|---|
| Stocks | 99.96% | 0.00% | 115.30% | 6.76% |
| Convertible Bonds | 1.94% | 0.00% | 1.94% | 0.09% |
| Cash | 0.06% | 0.00% | 173.52% | 87.29% |
| Preferred Stocks | 0.00% | 0.00% | 10.69% | 92.43% |
| Other | 0.00% | -31.50% | 50.35% | 90.53% |
| Bonds | 0.00% | 0.00% | 102.71% | 92.70% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FVC % Rank | |
|---|---|---|---|---|
| Energy | 41.09% | 0.00% | 41.09% | 0.09% |
| Basic Materials | 18.91% | 0.00% | 18.91% | 0.09% |
| Consumer Defense | 17.98% | 0.00% | 25.50% | 0.90% |
| Industrials | 13.95% | 0.00% | 30.65% | 5.24% |
| Consumer Cyclical | 3.36% | 0.00% | 62.57% | 97.83% |
| Technology | 2.90% | 0.00% | 65.70% | 99.82% |
| Financial Services | 1.16% | 0.00% | 43.06% | 97.29% |
| Utilities | 0.66% | 0.00% | 16.07% | 18.88% |
| Real Estate | 0.00% | 0.00% | 16.05% | 96.93% |
| Healthcare | 0.00% | 0.00% | 39.76% | 99.91% |
| Communication Services | 0.00% | 0.00% | 66.40% | 99.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FVC % Rank | |
|---|---|---|---|---|
| US | 99.96% | 0.00% | 115.30% | 5.86% |
| Non US | 0.00% | 0.00% | 75.51% | 94.95% |
FVC - Expenses
Operational Fees
| FVC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.01% | 28.71% | 60.45% |
| Management Fee | 0.30% | 0.00% | 1.50% | 10.81% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 17.94% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| FVC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FVC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FVC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 316.74% | 86.72% |
FVC - Distributions
Dividend Yield Analysis
| FVC | Category Low | Category High | FVC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.56% | 0.00% | 27.58% | 20.76% |
Dividend Distribution Analysis
| FVC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annual | Annual |
Net Income Ratio Analysis
| FVC | Category Low | Category High | FVC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.02% | -6.13% | 3.48% | 24.42% |
Capital Gain Distribution Analysis
| FVC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.052 | OrdinaryDividend |
| Jun 27, 2024 | $0.067 | OrdinaryDividend |
| Mar 21, 2024 | $0.139 | OrdinaryDividend |
| Dec 22, 2023 | $0.238 | OrdinaryDividend |
| Sep 22, 2023 | $0.072 | OrdinaryDividend |
| Jun 27, 2023 | $0.157 | OrdinaryDividend |
| Mar 24, 2023 | $0.153 | OrdinaryDividend |
| Dec 23, 2022 | $0.271 | OrdinaryDividend |
| Sep 23, 2022 | $0.119 | OrdinaryDividend |
| Jun 24, 2022 | $0.071 | OrdinaryDividend |
| Mar 25, 2022 | $0.066 | OrdinaryDividend |
| Dec 23, 2021 | $0.025 | OrdinaryDividend |
| Sep 23, 2021 | $0.011 | OrdinaryDividend |
| Jun 25, 2020 | $0.061 | OrdinaryDividend |
| Mar 26, 2020 | $0.003 | OrdinaryDividend |
| Dec 13, 2019 | $0.097 | OrdinaryDividend |
| Sep 25, 2019 | $0.090 | OrdinaryDividend |
| Jun 14, 2019 | $0.064 | OrdinaryDividend |
| Mar 21, 2019 | $0.044 | OrdinaryDividend |
| Dec 18, 2018 | $0.004 | OrdinaryDividend |
| Sep 14, 2018 | $0.023 | OrdinaryDividend |
| Jun 21, 2018 | $0.022 | OrdinaryDividend |
| Mar 22, 2018 | $0.007 | OrdinaryDividend |
| Dec 21, 2017 | $0.100 | OrdinaryDividend |
| Sep 21, 2017 | $0.046 | OrdinaryDividend |
| Jun 22, 2017 | $0.017 | OrdinaryDividend |
| Dec 21, 2016 | $0.102 | OrdinaryDividend |
| Dec 21, 2016 | $0.007 | CapitalGainShortTerm |
| Sep 21, 2016 | $0.037 | OrdinaryDividend |
FVC - Fund Manager Analysis
Managers
David McGarel
Start Date
Tenure
Tenure Rank
Mar 08, 2016
6.23
6.2%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Chris Peterson
Start Date
Tenure
Tenure Rank
Mar 08, 2016
6.23
6.2%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Mar 08, 2016
6.23
6.2%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Mar 08, 2016
6.23
6.2%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Mar 08, 2016
6.23
6.2%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Mar 08, 2016
6.23
6.2%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Erik Russo
Start Date
Tenure
Tenure Rank
Feb 01, 2021
1.33
1.3%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.24 | 3.08 |
