FV
First Trust Dorsey Wright Focus 5 ETF
📎 Investment Objective
The First Trust Dorsey Wright Focus 5 ETF (FV) seeks to provide investment results that correspond generally to the price and yield, before the fund's fees and expenses, of an index that tracks a portfolio of other First Trust exchange-traded funds (ETFs).
Overview
ETF tracking First Trust Dorsey Wright Focus 5 ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Dorsey Wright Focus 5 ETF (FV) seeks to provide investment results that correspond generally to the price and yield, before the fund's fees and expenses, of an index that tracks a portfolio of other First Trust exchange-traded funds (ETFs).
🎯 Investment Strategy
The fund uses a rules-based methodology to select five First Trust sector or industry ETFs that Dorsey, Wright & Associates, LLC (the sub-advisor) believes offer the greatest potential to outperform the broader U.S. equity market. The fund then allocates an equal-weighted position in each of the selected ETFs.
✨ Key Features
- Provides exposure to a diversified portfolio of First Trust sector and industry ETFs
- Uses a quantitative, rules-based approach to select the top-performing ETFs
- Rebalances and reconstitutes the portfolio on a quarterly basis
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund invests in a limited number of ETFs
- Sector/industry risk as the underlying ETFs are focused on specific sectors or industries
- Tracking error risk as the fund may not perfectly replicate the performance of its underlying index
- Liquidity risk as the fund may have limited trading volume
👤 Best For
The First Trust Dorsey Wright Focus 5 ETF may be suitable for investors seeking broad exposure to U.S. equity markets through a diversified portfolio of sector and industry ETFs. It may be particularly appealing to investors who prefer a rules-based, quantitative approach to portfolio selection. However, the fund's concentrated nature and sector-specific focus make it more suitable for investors with a higher risk tolerance and a longer investment horizon.