ETF Research Center

First Trust Dorsey Wright Focus Five Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield of an index called the Dorsey Wright Focus 5 Index.

FUND BASICS
Category	US Equities
Fund Sponsor	First Trust Advisors LP
Website	www.ftportfolios.com
Inception date	Mar 05, 2014
Assets (mns)	$3,632
Currency	USD
Expense ratio	90 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-End Investment Company
Custodian	Brown Brothers Harriman & Co
Weighting	Tiered
Index replication	Fund of Funds
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	6
Wgt avg mkt cap (mns)	$313,078
Large cap (>$10bn)	79.9%
Mid cap ($2-10bn)	20.0%
Small cap (<$2bn)	0.2%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	100.0 %
FIRST TRUST NASDAQ SEMICONDUCTOR E	21.5 %
FIRST TRUST FINANCIALS ALPHADEX� F	20.2 %
FIRST TRUST NYSE� ARCA� BIOTECHNOL	19.8 %
FIRST TRUST INDXX AEROSPACE & DEFE	19.6 %
FIRST TRUST DOW JONES INTERNET IND	18.7 %
US DOLLAR	0.2 %

TOP COUNTRY EXPOSURE
	UNITED STATES	92.7 %
	BERMUDA	1.4 %
	NETHERLANDS	1.3 %
	IRELAND	1.0 %
	GERMANY	0.7 %
	CHINA	0.7 %
	DENMARK	0.6 %
	CAYMAN ISLANDS	0.3 %
	PUERTO RICO	0.2 %
	SWITZERLAND	0.2 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru January 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
5.7%	7.2%	10.9%	13.0%	11.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.98	88%
MSCI EAFE	0.96	62%
MSCI Emg. Mkts.	0.82	52%

Technical Indicators
Recent close	$65.55
30d moving avg.	$66.23
Annualized volatility	17.0%
Short interest (ETF)	0.2%
Relative strength (RSI)	51

Liquidity measures
Avg. volume (thou.)	150
Turnover	0.3%
Bid/Ask (% of price)	0.10%
ADV underlying (mns)	$42,473

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 1 potential alternatives to the First Trust Dorsey Wright Focus 5 ETF ETF based on the alternatives' overlap in portfolio holdings with FV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

FV

Expense:

90 bp

ALTAR Score™:

3.7%

ALTERNATIVE ETFs BASED ON OVERLAP WITH FV
Ticker	Fund Name	Overlap¹ vs FV (%)	Expense ratio (bp)	Savings vs FV (bp)	ALTAR Score™ (%)	ALTAR vs FV (%)
WSGE	Warren Street Global Equity ETF	0.0	80	10	2.9	-0.8

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

	2020	2021	2022	2023	2024	2025E	2026E
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

Content on this tab for subscribers only

VALUATION METRICS

	2024	2025E	2026E
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 Dorsey Wright Focus 5 ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	12.7	%
Divided by: Fwd. P/BV	2.8	x
Less: Expense ratio	90	bp
Equals: ALTAR Score	3.7	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.58	CATEGORY AVERAGE	1.57

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.