ETF Research Center

First Trust Dow Jones Global Select Dividend Index Fund seeks investment results that correspond to the price and yield of the Dow Jones Global Select Dividend Index.

FUND BASICS
Category	International Equities
Fund Sponsor	First Trust Advisors LP
Website	www.ftportfolios.com
Inception date	Nov 27, 2007
Assets (mns)	$628
Currency	USD
Expense ratio	58 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	Bank of New York Mellon
Weighting	Dividend
Index replication	Full
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	98
Wgt avg mkt cap (mns)	$29,420
Large cap (>$10bn)	53.6%
Mid cap ($2-10bn)	36.8%
Small cap (<$2bn)	9.6%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	16.6 %
AZIMUT HOLDING SPA	2.0 %
STANDARD LIFE PLC	1.9 %
BE SEMICONDUCTOR INDUSTRIES	1.9 %
CSR LIMITED	1.7 %
JB HI-FI LTD	1.7 %
HARVEY NORMAN HOLDINGS LTD	1.5 %
INTESA SANPAOLO S.P.A.	1.5 %
CREST NICHOLSON HOLDINGS PLC	1.4 %
JM AB	1.4 %
CENTURYTEL INC	1.4 %

TOP COUNTRY EXPOSURE
	AUSTRALIA	15.9 %
	BRITAIN	15.1 %
	CANADA	10.9 %
	UNITED STATES	9.7 %
	FRANCE	8.8 %
	ITALY	7.7 %
	SWEDEN	4.3 %
	GERMANY	4.1 %
	SPAIN	3.1 %
	SWITZERLAND	3.0 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
20.5%	20.5%	4.6%	6.3%	3.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.79	66%
MSCI EAFE	1.00	88%
MSCI Emg. Mkts.	0.68	70%

Technical Indicators
Recent close	$25.10
30d moving avg.	$24.74
Annualized volatility	11.7%
Short interest (ETF)	0.3%
Relative strength (RSI)	68

Liquidity measures
Avg. volume (thou.)	95
Turnover	0.4%
Bid/Ask (% of price)	0.09%
ADV underlying (mns)	$7,554

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust DJ Global Select Dividend ETF based on the alternatives' overlap in portfolio holdings with FGD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

FGD

Expense:

58 bp

ALTAR Score™:

9.2%

ALTERNATIVE ETFs BASED ON OVERLAP WITH FGD
Ticker	Fund Name	Overlap¹ vs FGD (%)	Expense ratio (bp)	Savings vs FGD (bp)	ALTAR Score™ (%)	ALTAR vs FGD (%)
IDV	iShares DJ Int'l Select Dividend	49.0	49	9	8.2	-0.9
CID	Victory CEMP International High Div Volatility Wtd	26.9	45	13	8.6	-0.5
RIDV	Invesco International Ultra Dividend Revenue ETF	26.0	42	16	8.8	-0.3
EFAS	Global X MSCI SuperDividend EAFE	25.2	55	3	8.5	-0.7
IDHD	Invesco S&P Intl Developed High Div Low Volatility	24.8	30	28	6.4	-2.8
DTH	WisdomTree DEFA Equity Income	22.2	58	0	8.2	-0.9
WDIV	SPDR S&P Global Dividend	21.4	40	18	7.1	-2.1
FYLD	Cambria Foreign Shareholder	21.0	59	-1	7.9	-1.2
LVHI	Legg Mason International Low Volatility High Dividend	20.1	40	18	8.9	-0.3
DOL	WisdomTree Int'l Large Cap Dividend	19.1	48	10	7.5	-1.7
FID	First Trust S&P International Dividend Aristocrats	18.4	60	-2	6.9	-2.3
EFV	iShares MSCI EAFE Value	18.4	38	20	8.8	-0.4
IDOG	ALPS International Sector Dividend Dogs	17.0	50	8	7.9	-1.2
VYMI	Vanguard Int'l High Dividend Yield	16.8	32	26	8.9	-0.3
EUFN	iShares MSCI Europe Financial Sector	16.5	48	10	8.7	-0.5
DOO	WisdomTree Int'l Dividend Ex-Financials	16.5	58	0	7.7	-1.4
HDEF	Xtrackers MSCI EAFE High Div Yld Hedged	16.4	20	38	8.4	-0.8
DDWM	WisdomTree Dynamic Currency Hedged Int'l Equity	16.2	35	23	7.5	-1.6
FIDI	Fidelity International High Dividend	16.0	39	19	9.9	+0.8
DWM	WisdomTree DEFA Fund	16.0	48	10	7.4	-1.8

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2018	2019E	2020E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	First Trust DJ Global Select Dividend
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	11.4	%
Divided by: Fwd. P/BV	1.2	x
Less: Expense ratio	58	bp
Equals: ALTAR Score	9.2	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.82	CATEGORY AVERAGE	1.63

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.