First Trust Dorsey Wright Focus 5 ETF

Frequently Asked Questions About FV

What does FV invest in?

The purpose of this exchange-traded fund is to mirror the total returns, encompassing both share value growth and income generated, of the Dorsey Wright Focus Five Index. This replication is observed prior to the subtraction of the fund's internal costs and charges.

What is the expense ratio of FV?

First Trust Dorsey Wright Focus 5 ETF (FV) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FV?

First Trust Dorsey Wright Focus 5 ETF (FV) manages $3.81B 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 FV actively managed or an index fund?

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

When was FV launched?

First Trust Dorsey Wright Focus 5 ETF (FV) launched in March 2014 and is managed by First Trust.

How has FV performed?

FV'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.