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.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FVC 1.86% 2.84% 1.44% -0.06% 8.05% 5.95% --
FVC (NAV) 2.11% 3.14% 1.58% 0.01% 8.05% 5.99% --
Dorsey Wright Dynamic Focus Five Index 2.14% 3.26% 1.60% 0.48% 8.40% 6.33% --
MSCI ACWI + Frontier Markets IMI Index 5.82% 13.62% 5.28% -10.50% 4.85% 5.00% 8.10%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

First Trust
03/18/16
0.71%
$281.85M
MSCI ACWI + Frontier Markets IMI Index
Open-Ended Fund

Peers

MSCI ACWI + Frontier Markets IMI Index

Fund Flows

+$0.00B 5 Days
+$0.01B 30 Days
+$0.04B 90 Days

FVC Portfolio Data

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--
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1.48%
N/A
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FVC Index Data

Tiered
Momentum
MSCI ACWI + Frontier Markets IMI Index

FVC Portfolio Management

0.71%
-0.45%
-0.36%
-0.51%

FVC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FVC Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

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 Tradability

40,452
$1.43M
23,956
$843.26K
0.27%
$0.10
0.02%
0.96% / -0.56%
None
100.00%
50,000
0.48
0.01%
--
0
$35.58
N/A

FVC Sector/Industry Breakdown

FVC Segment
Benchmark
100.01% --
-0.01% --

FVC Performance Statistics

0.59
0.72
0.61
1.02
0.84%
MSCI ACWI + Frontier Markets IMI Index

FVC Benchmark Comparison Holdings

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FVC Benchmark Comparison Summary

FVC Segment
Benchmark
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Low --

FVC Benchmark Comparison Market Cap Size

FVC Segment
Benchmark
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