Key stats
About First Trust Dorsey Wright Dynamic Focus 5 ETF
Home page
Inception date
Mar 17, 2016
Structure
Open-Ended Fund
Replication method
Physical
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
FVC is a momentum-based sector rotation ETF with a few twists. Its fund-of-funds structure pulls from a pool of First Trust sector and industry ETFs, both U.S. and global in scope. (Non-sector funds with significant sector overweights are also in bounds.) As such, the underlying ETFs use multi-factor stock selection and weighting, driven by growth and value factors. The ETFs themselves are selected by price momentum: The Dorsey Wright relative strength model picks the 5 ETFs with the strongest momentum and equally weights them. However, the momentum model also considers a cash index, and if a third of the ETFs in the universe start to fare worse than cash, the fund allocates to T-bills. The cash allocation can vary from 0 to 95%, although it caps any single move at the fortnightly rebalance to 33%.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.96%
Cash0.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FVC top holdings are First Trust Enhanced Short Maturity ETF and First Trust Dow Jones Internet Index Fund, occupying 61.46% and 8.37% of the portfolio correspondingly.
FVC last dividends amounted to 0.27 USD. The quarter before, the issuer paid 0.12 USD in dividends, which shows a 56.14% increase.
FVC assets under management is 115.25 M USD. It's fallen 8.88% over the last month.
FVC fund flows account for −44.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FVC pays dividends to its holders with the dividend yield of 1.31%. The last dividend (Jun 30, 2025) amounted to 0.27 USD. The dividends are paid quarterly.
FVC shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Mar 17, 2016, and its management style is Passive.
FVC expense ratio is 0.83% meaning you'd have to pay 0.83% of your investment to help manage the fund.
FVC follows the Dorsey Wright Dynamic Focus Five Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FVC invests in funds.
FVC price has risen by 1.03% over the last month, and its yearly performance shows a −1.11% decrease. See more dynamics on FVC price chart.
NAV returns, another gauge of an ETF dynamics, showed a 5.19% increase in three-month performance and has decreased by −0.85% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 5.19% increase in three-month performance and has decreased by −0.85% in a year.
FVC trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.