FVC

First Trust Dorsey Wright Dynamic Focus 5 ETF
C

33
*Unless otherwise stated, data provided by FactSet.

FVC Fund Description

The First Trust Dorsey Wright Dynamic Focus 5 ETF tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.

FVC Factset Analytics Insight

FVC is a momentum-based sector rotation ETF with a few twists. Its fund-of-funds structure pulls from a pool of First Trust sector and industry ETFs, both U.S. and global in scope. (Non-sector funds with “significant” sector overweights are also in bounds.) As such, the underlying ETFs use multifactor stock selection and weighting, driven by growth and value factors, rather than cap-weighing as found in a sector SPDR ETF.This approach has proved popular in the form of sister ETF FV. The ETFs themselves are selected by price momentum: The Dorsey Wright relative strength model picks the 5 ETFs with the strongest momentum and equally weights them. However, the momentum model also considers a cash index, and if a third of the ETFs in the universe start to fare worse than cash, the fund allocates to T-bills. The cash allocation can vary from 0 to 95%, although it caps any single move at the fortnightly rebalance to 33%. A rival fund, PowerShares’ DWTR, also employs a Dorsey Wright index with a cash toggle, but uses PowerShares momentum ETFs as the underlying universe.FVC isn’t cheap to hold, and the strategy could produce high turnover with attendant risks to tracking and tax efficiency.

FVC CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/16/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FVC -0.11% 2.01% 10.89% 21.24% -- -- --
FVC (NAV) -0.08% 1.97% 10.79% 21.15% -- -- --
MSCI All Country World Investable Markets + Frontier -0.52% -0.64% 1.06% 9.96% 9.05% 8.76% 6.73%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FVC Top 10 Countries

FVC Top 10 Sectors

FVC Top 10 Holdings

FVC Summary Data

First Trust
03/18/16
Open-Ended Fund
0.89%
$570.43M
$2.16M
0.18%

FVC Portfolio Data

$105.47B
25.95
3.22
0.62%
09/14/18
239

FVC Index Data

Tiered
Momentum
MSCI All Country World Investable Markets + Frontier

FVC Portfolio Management

0.89%
--
--
--

FVC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FVC Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FVC Factset Analytics Block Liquidity

As of 08/17/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FVC. FVC is rated a 2 out of 5.

FVC Tradability

76,882
$2.16M
59,359
$1.67M
0.18%
$0.05
0.06%
0.79% / -0.22%
None
100.00%
50,000
1.19
0.04%
4.41%
--
$28.41
2

FVC Sector/Industry Breakdown


FVC
Segment Benchmark
55.90%
18.35%
20.06%
20.57%
16.52%
11.51%
4.37%
12.12%
1.14%
2.64%
1.07%
10.50%
0.13%
5.02%

FVC Countries


FVC
Segment Benchmark
98.44%
53.97%
1.05%
0.89%
0.50%
1.03%
--
0.05%
--
0.10%
--
0.64%
--
0.28%
--
0.04%
--
2.22%
--
1.66%

FVC Regions


FVC
Segment Benchmark
98.44%
57.11%
1.05%
20.32%
0.50%
20.18%
--
1.21%
--
1.18%

FVC Economic Development


FVC
Segment Benchmark
98.95%
94.27%
1.05%
5.73%

FVC Performance Statistics

0.68
1.35
1.55
1.47
0.60%
MSCI All Country World Investable Markets + Frontier

FVC BENCHMARK COMPARISON HOLDINGS

239
9043
230
16.42%

FVC BENCHMARK COMPARISON SUMMARY


FVC
Segment Benchmark
239
9043
$105.47B
$123.28B
25.95
19.52
3.22
2.21
1.08%
2.32%
--
--

FVC BENCHMARK COMPARISON MARKET CAP SIZE


FVC
Segment Benchmark
64.81%
73.05%
31.78%
19.57%
3.41%
6.60%
0.00%
0.79%