FV 📈 First Trust Dorsey Wright - Overview

The First Trust Dorsey Wright Focus 5 ETF, listed on the NASDAQ under the ticker FV, is designed to provide investors with a unique approach to sector-based investing. By normally investing at least 90% of its net assets in the exchange-traded funds that comprise its underlying index, the fund aims to deliver targeted exposure to a select group of sector-based ETFs. These ETFs are chosen based on their potential to outperform others within the selection universe, taking into account specific trading volume and liquidity requirements.

The index provider utilizes a systematic approach to identify the top five First Trust sector-based ETFs that demonstrate the greatest potential for outperformance. This methodology involves evaluating each ETF's relative strength and other quantitative metrics to determine which sectors are likely to lead the market. By focusing on a limited number of ETFs, the fund seeks to capitalize on the strengths of each sector, potentially leading to enhanced returns for investors. The fund's holdings are periodically reviewed and adjusted to ensure they remain aligned with the index's investment objectives.

As a mid-cap blend ETF, the First Trust Dorsey Wright Focus 5 ETF offers investors exposure to a diverse range of mid-sized companies across various sectors. The fund's underlying ETFs are selected from a universe of First Trust sector-based ETFs, which cover a broad spectrum of industries, including technology, healthcare, finance, and more. With its unique investment approach and diversified portfolio, the fund provides investors with a distinct option for gaining exposure to the US mid-cap market. The fund is domiciled in the United States and has an ISIN of US33738R6053, with more information available on the company's website at http://www.ftportfolios.com/.