| Fund Description |
| The First Trust Dorsey Wright Momentum & Dividend ETF, formerly the First Trust RBA Quality Income ETF, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq Dorsey Wright Momentum + Yield Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider"). |
| Fund Profile |
| Fund Name |
First Trust Dorsey Wright Momentum & Dividend ETF |
| Fund Exchange Ticker |
DDIV |
| Fund Sponsor |
First Trust |
| Fund ISIN |
US33738R6962 |
| Net Expense Ratio |
0.60 % |
| Fund Inception Date |
11 March 2014 |
| Fund Legal Structure |
ETF (Open end fund) |
| Exchange |
NASDAQ |
| Listing Country Code |
US |
| Fund Investment Objective |
| ETF Type Specific |
US Equities - Factor & Thematic |
| Asset Class |
Equities (Stocks) |
| Index Linked |
Passive |
| Index Name |
Dorsey Wright Momentum Plus Dividend Yield Index |
| Index Provider |
Nasdaq |
| Currency Hedged |
No |
| Inverse / Leveraged |
Not Applicable |
| Developed / Emerging |
Developed Market Funds |
| Market Capitalization Range |
Broad Market / Multi-Cap |
| Growth Value |
Core / Blend |
| Continent |
North America |
| Key Statistics |
| Return As of Date |
15 July 2019 |
| Asset Under Management |
31.88 Million (USD) |
| 1 Month Total Return |
3.04 % |
| Year To Date Return |
24.89 % |
| 1 Year Total Return |
5.21 % |
| 3 Year Annualized Total Return |
6.49 % |
| NAV |
25.5 |
| Share Outstanding |
1,250,000 |