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FV is a rules-based “fund of First Trust ETFs” that holds just five underlying ETFs and rotates them based on relative price momentum (what’s been outperforming lately versus peers). It aims to track the Dorsey Wright Focus Five Total Return Index, which screens a First Trust-only universe and equal-weights the five winners, with changes evaluated on a bi-monthly schedule and a buffer to reduce churn.
You own five First Trust ETFs at a time, split evenly. The five are picked because their prices have been stronger than the rest of the First Trust ETF lineup recently.
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Showing the largest holdings by weight in FV
| Logo | Ticker | ETF Weight | Market Value | |
|---|---|---|---|---|
FT | FTXL First Trust Nasdaq Semiconductor ETF | First Trust Nasdaq Semiconductor ETF | 21.47% | $724.1M |
FB | FBT First Trust NYSE® Arca® Biotechnology Index Fund | First Trust NYSE® Arca® Biotechnology Index Fund | 20.51% | $691.5M |
FT | FTXR First Trust Nasdaq Transportation ETF | First Trust Nasdaq Transportation ETF | 19.97% | $673.6M |
MI | MISL First Trust Indxx Aerospace & Defense ETF | First Trust Indxx Aerospace & Defense ETF | 19.83% | $668.8M |
FX | FXN First Trust Energy AlphaDEX® Fund | First Trust Energy AlphaDEX® Fund | 18.21% | $614.0M |
$U | $USD US Dollar | US Dollar | 0.01% | $174.0K |
Breakdown of FV by sector weightings (%)
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Top countries by weight (%)
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