First Trust Dorsey Wright DALI Equity ETF

Frequently Asked Questions About DALI

What does DALI invest in?

The First Trust Dorsey Wright DALI Equity ETF is designed to deliver investment performance that generally aligns with the total return (price appreciation and income distributions) of the Nasdaq Dorsey Wright DALI Equity Index (referred to as the "Index"), before accounting for the ETF's own operational costs. Under ordinary circumstances, the Fund commits a minimum of 90% of its net assets – which includes any capital obtained through borrowing – to investing in the specific equity securities that constitute the Index.

What is the expense ratio of DALI?

First Trust Dorsey Wright DALI Equity ETF (DALI) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DALI?

First Trust Dorsey Wright DALI Equity ETF (DALI) manages $100.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DALI actively managed or an index fund?

DALI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DALI launched?

First Trust Dorsey Wright DALI Equity ETF (DALI) launched in May 2018 and is managed by First Trust.

How has DALI performed?

DALI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.