Symbols

DVOL

First Trust Dorsey Wright Momentum & Low Volatility ETF·NASDAQ

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Key Stats

Assets Under Management

69.88MUSD

Fund Flow (1Y)

11.60MUSD

Dividend Yield

0.94%

Discount / Premium to NAV

-0.00%

Shares Outstanding

2.00M

Expense Ratio

0.60%

About First Trust Dorsey Wright Momentum & Low Volatility ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=DVOL

Inception Date

Sep 5, 2018

Structure

Open-Ended Fund

Index Tracked

Dorsey Wright Momentum Plus Low Volatility Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

DVOL combines two technical strategies: momentum and low volatility. The index initially whittles down its large- and mid-cap universe by conducting a relative strength analysis. A point and figure chart is created for each security, comparing the stock's daily performance to that of the broader universe. Each stock is classified as a "buy” or a "sell” using this method, and the sells are filtered out. From this short list, DVOL selects the 50 securities with the lowest trailing 1-year volatility. Holdings are weighted by the inverse of volatility, such that low-vol holdings get more weight. DVOL is rebalanced quarterly.