About First Trust Dorsey Wright Focus 5 ETF (FV)

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that seeks to track the performance of the Dorsey Wright Focus Five Index. The index is designed to provide exposure to five industry sectors in the U.S. equity market that Dorsey Wright & Associates (DWA) believes have the greatest potential for capital appreciation. The ETF is managed by First Trust Advisors, a leading provider of ETFs.

The FV ETF has a unique strategy that focuses on sector rotation. DWA, the index provider, utilizes a relative strength methodology to select the top five industry sectors from a universe of 10 sectors. The selected sectors are equally weighted in the index, which is then replicated by the ETF. This approach allows investors to access potentially high-growth sectors while minimizing company-specific and market risks.