First Trust Dorsey Wright Dynamic Focus 5 ETF ETF.com segment: Equity: Global - Total Market Competing ETFs: DWLV, QXGG, ASET, VT, ACWI Related ETF Channels: Smart-Beta ETFs, Total Market, Broad-based, Global, Momentum, Equity, Size and Style Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. 35 FUND DESCRIPTION The First Trust Dorsey Wright Dynamic Focus 5 ETF tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FACTSET ANALYTICS INSIGHT is a momentum-based sector rotation ETF with a few twists. Its fund-of-funds structure pulls from a pool of First Trust sector and industry ETFs, both U.S. and global in scope. (n-sector funds with significant sector overweights are also in bounds.) As such, the underlying ETFs use multifactor stock selection and weighting, driven by growth and value factors, rather than cap-weighing as found in a sector SPDR ETF.This approach has proved popular in the form of sister ETF FV. The ETFs themselves are selected by price momentum: The Dorsey Wright relative strength model picks the 5 ETFs with the strongest momentum and equally weights them. However, the momentum model also considers a cash index, and if a third of the ETFs in the universe start to fare worse than cash, the fund allocates to T-bills. The cash allocation can vary from 0 to 95%, although it caps any single move at the fortnightly rebalance to 33%. A rival fund, PowerShares DWTR, also employs a Dorsey Wright index with a cash toggle, but uses PowerShares momentum ETFs as the underlying universe. isn t cheap to hold, and the strategy could produce high turnover with attendant risks to tracking and tax efficiency. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings First Trust 03/18/16 Open-Ended Fund 0.89% $573.04M $2.93M $115.24B 27.07 3.45 0.59% 12/18/18 251 INDEX DATA Index Tracked Dorsey Wright Dynamic Focus Five Index Index Weighting Methodology Index Selection Methodology Tiered Momentum MSCI ACWI + Frontier Markets IMI Index
1 Year Daily Price ($) 30.00 29.00 28.00 27.00 26.00 25.00 v Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct 1 000k PERFORMANCE [as of 10/10/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -10.13% -8.07% 1.73% 5.85% (NAV) -10.42% -8.11% 1.57% 5.54% Dorsey Wright Dynamic Focus Five Index MSCI ACWI + Frontier Markets IMI Index -2.79% -2.99% -1.20% 3.14% 9.50% 7.57% 10.83% All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 98.67% Qatar China 0.84% Thailand Netherlands 0.49% Mauritius Pakistan Portugal Israel South Africa TOP 10 SECTORS Technology 55.96% Telecommunications Serv 1.11% Financials 19.42% Industrials 15.48% Consumer Cyclicals 4.90% Healthcare 1.12% TOP 10 HOLDINGS First Trust Industrials/Pro 20.44% U.S. Dollar First Trust NASDAQ-100 T 20.29% First Trust NYSE Arca Biot 20.19% First Trust Dow Jones Inte 19.55% First Trust Technology Alp 19.44% Total Top 10 Weighting 99.99%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.89% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% Qualified dividends Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund 100% / 0% ETN Counterparty Risk Fund Closure Risk Low Portfolio Disclosure Daily
Daily Spread 0.34% FACTSET ANALYTICS BLOCK LIQUIDITY As of 10/11/18 0.27% 0.13% 0.06% 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 2 out of 5. Premium/Discount 0.8% 0.5% TRADABILITY Avg. Daily Share 101,139 0.3% 0.0% -0.3% Average Daily $ Median Daily Share $2.93M 67,943-0.5% 1 000k 750k 500k 250k Median Daily ($) Average Spread (%) Average Spread ($) $1.96M $0.06 v `18 Feb Apr Jun Aug Oct Median Premium / Discount (12 Mo) Max. Premium / Discount (12 Mo) 0.49% / -0.22% Impediment to Creations ne Market Hours Overlap 100.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 1.36 Creation Unit Cost (%) 0.04% Underlying / Unit 3.15% Open Interest on ETF Options Net Asset Value (Yesterday) $26.02 ETF.com Implied Liquidity 2
SECTOR/INDUSTRY BREAKDOWN Technology 55.96% 18.64% Financials 19.42% 20.21% Industrials 15.48% 11.51% Consumer Cyclicals 4.90% 12.06% Healthcare 1.12% 10.97% Telecommunications Services 1.11% 2.60% TOP 10 HOLDINGS First Trust Industrials/Producer Durables AlphaDEX Fund 20.44% First Trust NASDAQ-100 Technology Sector Index Fund 20.29% First Trust NYSE Arca Biotechnology Index Fund 20.19% First Trust Dow Jones Internet Index Fund First Trust Technology AlphaDEX Fund U.S. Dollar Total Top 10 Weighting 19.55% 19.44% 99.99% PERFORMANCE STATISTICS Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.67 1.34 1.52 1.45 0.63% MSCI ACWI + Frontier Markets IMI Index BENCHMARK COMPARISON HOLDINGS COUNTRIES Number of Holdings 251 Constituents 9081 United States 98.67% 55.21% China 0.84% 0.80% Netherlands 0.49% 1.08% Shared Holdings Shared Holdings Weight 241 16.65% Pakistan 0.02% Israel 0.18% Qatar 0.10% BENCHMARK COMPARISON SUMMARY Thailand 0.28% Mauritius 0.01% Portugal 0.06% South Africa 0.62% REGIONS rth America 98.67% 58.22% Asia-Pacific 0.84% 19.74% Number of Holdings Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield 251 9081 $115.24B $137.77B 27.07 19.04 3.45 2.28 1.00% 2.26% Europe 0.49% 19.78% Concentration Middle East & Africa 1.14% Latin America 1.12% ECONOMIC DEVELOPMENT Developed Countries 99.16% 94.51% Emerging Countries 0.84% 5.49% 2018 ETF.com The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional. ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com. [ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Data provider: Terms of Use