First Trust Dorsey Wright Momentum & Low Volatility ETF

Frequently Asked Questions About DVOL

What does DVOL invest in?

First Trust Exchange-Traded Fund VI - First Trust Dorsey Wright Momentum & Low Volatility ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in less volatile and momentum stocks of companies across diversified market capitalization. It seeks to track the performance of the Dorsey Wright Momentum Plus Low Volatility Index, by using full replication technique. First Trust Exchange-Traded Fund VI - First Trust Dorsey Wright Momentum & Low Volatility ETF was formed on September 5, 2018 and is domiciled in the United States.

What is the expense ratio of DVOL?

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

How big is DVOL?

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) manages $73.5M 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 DVOL actively managed or an index fund?

DVOL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (DVOL's is 0.60%) because there's no security selection cost.

When was DVOL launched?

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) launched in September 2018 and is managed by First Trust.

How has DVOL performed?

DVOL'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.