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Security Profile
- Security Type
- Index ETF
- CUSIP
- 33738R605
- Market Cap
- Small Cap · $260 Million
- IPO
- 3/5/2014
Fund Description: First Trust Dorsey Wright Focus 5 ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of First Trust Exchange-Traded Fund VI, an open-end investment management company. INVESTMENT OBJECTIVE: The First Trust Dorsey Wright Focus 5 ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Dorsey Wright Focus Five Index. INDEX DESCRIPTION: The Dorsey Wright Focus Five Index is constructed pursuant to Dorsey, Wright & Associates, the Index Provider's, proprietary methodology, which takes into account the performance of each of the First Trust sector-based ETFs relative to one another. The Index is designed to provide targeted exposure to the five First Trust sector-based ETFs that offer the greatest potential to outperform the other ETFs in the selection universe. The Index Provider believes that the most adaptive tool to achieve the goal of discerning the strongest trends versus that of the weakest is relative strength. Relative strength measures the price performance of a security versus a market average, another security or a 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. With respect to the Index, the Index Provider uses relative strength to evaluate the momentum of each First Trust sector-based ETF to determine the five ETFs that have the highest level of momentum, which the Index Provider considers to have the greatest probability of outperforming the other First Trust sector-based ETFs. The Index Provider selects the Index's potential inventory and uses the price data of the selected First Trust ETFs to perform relative strength analysis. When determining relative strength, the Index Provider does not perform the analysis within a finite time period, rather takes into account a variety of factors to track movements and trends of securities prices over various time periods. As of February 24, 2014, the Index was comprised of the following First Trust ETFs: 1. First Trust Dow Jones Internet Index Fund (FDN); 2. First Trust NYSE Arca Biotechnology Index Fund (FBT); 3. First Trust Consumer Staples AlphaDEX Fund (FXG); 4. First Trust Consumer Discretionary AlphaDEX Fund (FXD); 5. First Trust Health Care AlphaDEX Fund (FXH). Certain of the ETFs in which the Fund invests may invest in non-U.S. equity securities. The non-U.S. equity securities may include American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) or other depositary receipts. FUND STRATEGY: The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in the exchange-traded funds that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate the performance of the Index. FUND MANAGEMENT: First Trust Advisors L.P. serves as the investment adviser to the Fund.
Company Contact
- Headquarters
- 12O E. Liberty Drive, Suite 400, Wheaton, IL 60187
- Phone
- 630-765-8000 · Toll-Free 800-621-1675
- Investor Relations
- 800-621-1675 · info@ftportfolios.com