First Trust Dorsey Wright People's Portfolio ETF

Frequently Asked Questions About DWPP

What does DWPP invest in?

The fund will normally invest at least 80% of its total assets in the common stocks or an exchange-traded fund ("ETF") that comprise the index. The index is a modified market-capitalization weighted index designed to tactically allocate exposure to one of three allocations: (i) Nasdaq US 500 Large Cap Index TM; (ii) Nasdaq US 500 Large Cap Equal Weight Index TM; or (iii) First Trust Enhanced Short Maturity ETF ("FTSM") (each, an "Underlying Allocation"), based on daily relative strength readings.

What is the expense ratio of DWPP?

First Trust Dorsey Wright People's Portfolio ETF (DWPP) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DWPP?

First Trust Dorsey Wright People's Portfolio ETF (DWPP) manages $4.0M 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 DWPP actively managed or an index fund?

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

When was DWPP launched?

First Trust Dorsey Wright People's Portfolio ETF (DWPP) launched in August 2012 and is managed by First Trust.

How has DWPP performed?

DWPP'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.