Fund Description |
The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks 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 Nasdaq Riskalyze US Large Cap Select Dividend Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying securities with above average yield. |
Fund Profile |
Fund Name |
US Equity Dividend Select ETF |
Fund Exchange Ticker |
RNDV |
Fund Sponsor |
First Trust |
Fund ISIN |
US33738R7382 |
Net Expense Ratio |
0.50 % |
Fund Inception Date |
20 June 2017 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
NASDAQ |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
US Equities - Dividend & Fundamental |
Asset Class |
Equities (Stocks) |
Index Linked |
Passive |
Index Name |
Nasdaq Riskalyze US Large Cap Select Dividend Index |
Index Provider |
Riskalyze |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Market Capitalization Range |
Large Cap |
Growth Value |
Core / Blend |
Continent |
North America |
Key Statistics |
Return As of Date |
22 January 2021 |
Asset Under Management |
6.42 Million (USD) |
1 Month Total Return |
4.58 % |
Year To Date Return |
4.15 % |
1 Year Total Return |
8.45 % |
3 Year Annualized Total Return |
7.62 % |
NAV |
25.66 |
Share Outstanding |
250,002 |