FVC First Trust Dorsey Wright Dynamic Focus 5 ETF
What is FVC?
FVC 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 multi-factor stock selection and weighting, driven by growth and value factors. 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%.
FVC Summary Data
FVC Portfolio Data
FVC Index Data
FVC Portfolio Management
FVC Tax Exposures
FVC Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FVC. FVC is rated a N/A out of 5.
FVC Sector/Industry Breakdown
FVC Top 10 Holdings
FVC Performance Statistics
FVC Benchmark Comparison Summary
FVC Benchmark Comparison Market Cap Size