FV – First Trust Dorsey Wright Focus 5 ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Focus Five Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the exchange-traded funds ("ETFs") that comprise the index. The index is designed to provide targeted exposure to the five First Trust sector-based ETFs that the index provider believes offer the greatest potential to outperform the other ETFs in the selection universe and that satisfy certain trading volume and liquidity requirements.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FV	First Trust Dorsey Wright Focus 5 ETF	ETF	Open			Mar 5, 2014	$3.86B	0.890%	—	—	−$527.81M
FV	First Trust Dorsey Wright Focus 5 ETF	ETF	Open	—		Mar 5, 2014	—	0.890%	—	—	—

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