First Trust Dorsey Wright Momentum & Value ETF

Frequently Asked Questions About DVLU

What does DVLU invest in?

The First Trust Dorsey Wright Momentum & Value ETF (the Fund) endeavors to achieve investment results that generally align with the price movements and income stream (prior to the Fund's own fees and expenses) of its underlying benchmark, the Dorsey Wright Momentum Plus Value Index. Typically, the Fund allocates at least 90% of its total net assets, including any capital acquired through borrowing, to the equity securities that constitute this Index. Employing an indexing approach, the Fund's objective is to replicate the Index's performance before any charges or expenses are deducted. The investment advisor strives for a high degree of congruence, targeting a correlation coefficient of 0.95 or better (before fees and expenses) between the Fund's outcomes and those of the Index, noting that a figure of 1.00 would denote perfect alignment. Nasdaq, Inc. holds ownership of and was responsible for developing this particular Index.

What is the expense ratio of DVLU?

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

How big is DVLU?

First Trust Dorsey Wright Momentum & Value ETF (DVLU) manages $47.1M 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 DVLU actively managed or an index fund?

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

When was DVLU launched?

First Trust Dorsey Wright Momentum & Value ETF (DVLU) launched in September 2018 and is managed by First Trust.

How has DVLU performed?

DVLU'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.