First Trust Dorsey Wright Momentum & Dividend ETF

Frequently Asked Questions About DDIV

What does DDIV invest in?

This exchange-traded fund, known as the First Trust Dorsey Wright Momentum & Dividend ETF (and previously as the First Trust RBA Quality Income ETF), is structured to replicate the financial performance, specifically the price appreciation and income generation, of its benchmark, the Dorsey Wright Momentum Plus Dividend Yield Index. This objective is pursued before accounting for the fund's operational expenses. Typically, the ETF commits a substantial portion—at least 90%—of its total net assets (which may include borrowed funds) into the stock components that constitute the aforementioned Index. Employing a passive indexing strategy, the fund endeavors to closely mirror the Index's returns prior to the deduction of fees and charges. The investment advisor aims for a high degree of synchronicity, targeting a correlation coefficient of 0.95 or higher between the fund's performance and that of the Index, again, before expenses; a value of 1.00 would denote perfect alignment. The development and ownership of this underlying Index belong exclusively to Nasdaq, Inc.

What is the expense ratio of DDIV?

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DDIV?

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) manages $71.3M 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 DDIV actively managed or an index fund?

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

When was DDIV launched?

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) launched in March 2014 and is managed by First Trust.

How has DDIV performed?

DDIV'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.