DVLU

Fund Description
The First Trust Dorsey Wright Momentum & Value ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Dorsey Wright Momentum Plus Value 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"). The Dorsey Wright Momentum Plus Value Index is a rules-based equity index that is designed to track the overall performance of the 50 most undervalued stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. The Dorsey Wright Momentum Plus Index Family ( Indexes ) selects securities based on individual stock momentum plus a fundamental factor (value, dividend yield or volatility). Each security in the Index must pass minimum momentum requirements and greater weights are given to securities with better factor scores.
Fund Profile
Fund Name First Trust Dorsey Wright Momentum & Value ETF
Fund Exchange Ticker DVLU
Fund Sponsor First Trust
Fund ISIN US33741L2079
Net Expense Ratio 0.60 %
Fund Inception Date 5 September 2018
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 Value 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 23 October 2020
Asset Under Management 16.19 Million (USD)
1 Month Total Return 11.29 %
Year To Date Return -16.30 %
1 Year Total Return -12.20 %
3 Year Annualized Total Return
NAV 16.19
Share Outstanding 1,000,000
Top 10 Holdings (23 October 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
GENERAL MOTORS CO GM EQUI 0.0362000000
HCA HEALTHCARE INC HCA EQUI 0.0314000000
NEXSTAR MEDIA GROUP INC-CL A NXST EQUI 0.0305000000
AUTONATION INC AN EQUI 0.0304000000
ViacomCBS Inc. VIAC EQUI 0.0303000000
LKQ Corporation LKQ EQUI 0.0303000000
ALLY FINANCIAL INC ALLY EQUI 0.0295000000
REGIONS FINANCIAL CORP RF EQUI 0.0290000000
L BRANDS INC LB EQUI 0.0286000000
QUANTA SERVICES INC PWR EQUI 0.0281000000