Symbols

IFV

First Trust Dorsey Wright International Focus 5 ETF·NASDAQ

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Key Stats

Assets Under Management

232.37MUSD

Fund Flows (1Y)

43.76MUSD

Dividend Yield

1.79%

Discount/Premium to NAV

-0.38%

Shares Outstanding

8.60M

Expense Ratio

1.09%

About First Trust Dorsey Wright International Focus 5 ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=IFV

Inception Date

Jul 22, 2014

Structure

Open-Ended Fund

Index Tracked

Dorsey Wright International Focus Five 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

IFV is an alpha-seeking international country rotation ETF-of-ETFs. Starting with the First Trust single-country/region ETF universe, IFV uses a Dorsey Wright relative-strength model to construct a focused portfolio consisting of only five equally weighted international ETFs. The model uses momentum as its key input, while the underlying ETFs use the complex AlphaDEX portfolio construction model. The end product is a momentum-based country rotation portfolio with non-vanilla exposure to the selected markets. The index is reconstituted and rebalanced bi-monthly. Due to this, the fund may experience a higher portfolio turnover.