An index-tracking ETF based on Dorsey Wright’s
systematic momentum strategy for sector rotation using their
relative strength ranking system
First Trust Advisors L.P. (“First Trust”) a global ETF provider
and asset manager, announced that it has cross listed the First
Trust Dorsey Wright Focus 5 ETF (NASDAQ: FV) on the Mexican stock
exchange, Bolsa Mexicana de Valores (BMV). The fund seeks
investment results that correspond generally to the price and yield
(before the fund’s fees and expenses) of an equity index called the
Dorsey Wright Focus Five Index (the “index”).
J.P. Morgan sponsors the cross-listing of First Trust’s ETFs and
services the ETFs by handling corporate actions, disseminating
information and working with investors in Mexico.
The Dorsey Wright Focus Five Index is designed to provide
targeted exposure to the five First Trust sector and industry based
ETFs identified by DWA’s index methodology to offer the greatest
potential to outperform the other ETFs in the selection universe.
First Trust sector and industry based ETFs provide the universe for
the index selection. Using the DWA relative strength ranking
system, the ETFs are compared to each other to determine inclusion.
Each ETF is given a score to objectively determine where it ranks
relative to all other ETFs in the universe. The top five ranking
ETFs are included in the index and the relative strength analysis
is conducted on a weekly basis. ETFs are replaced when they fall
sufficiently out of favor, based on their relative strength, versus
the other ETFs within the universe. The index is rebalanced
periodically so each position is equally weighted. DWA believes the
design of the index allows them to identify major themes in the
market, have exposure to those sectors whose price action is
superior to others in the universe and eliminate exposure to those
sectors whose price action is sub-par relative to others in the
universe.
Dorsey, Wright & Associates (DWA) is an independent and
privately owned registered investment advisory firm that provides
professional management of equity portfolios for investors and
investment research services for numerous broker/dealers and large
institutions around the world. Technical analysis provides the
cornerstone of their approach and relative strength plays a very
important role. Relative strength is a ranking system used to
measure a security’s price momentum relative to its peers and helps
DWA identify meaningful patterns in daily share price
movements.
“The First Trust Dorsey Wright Focus 5 ETF provides an
efficient, scalable way for financial advisors and their clients to
gain exposure to a sector rotation strategy, combining the insights
of Dorsey Wright’s research on relative strength with First Trust’s
robust lineup of sector and industry ETFs,” said Ryan Issakainen,
CFA, Senior Vice President, Exchange-Traded Fund Strategist at
First Trust.
For more information about First Trust, please contact Ryan
Issakainen of First Trust at (630) 765-8689 or
RIssakainen@FTAdvisors.com.
About First Trust
First Trust Advisors L.P., along with its affiliate First Trust
Portfolios L.P., are privately-held companies which provide a
variety of investment services, including asset management and
financial advisory services, with collective assets under
management or supervision of approximately $106 billion as of
January 31, 2015 through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts. First Trust is based in Wheaton, Illinois. For more
information, visit http://www.ftportfolios.com.
You should consider the fund’s investment objectives, risks,
and charges and expenses carefully before investing. Contact First
Trust Portfolios L.P. at 1-800-621-1675 to obtain a prospectus or
summary prospectus which contains this and other information about
the fund. The prospectus or summary prospectus should be read
carefully before investing.
ETF Characteristics
The fund lists and principally trades its shares on The NASDAQ
Stock Market LLC.
The fund’s return may not match the return of the Dorsey Wright
Focus Five Index. The fund may not be fully invested at times. The
ETFs held by the fund will generally not be bought or sold in
response to market fluctuations.
Investors buying or selling fund shares on the secondary market
may incur customary brokerage commissions. Market prices may differ
to some degree from the net asset value of the shares. Investors
who sell fund shares may receive less than the share’s net asset
value. Shares may be sold throughout the day on the exchange
through any brokerage account. However, unlike mutual funds, shares
may only be redeemed directly from the fund by authorized
participants, in very large creation/redemption units.
Risks
The fund’s shares will change in value, and you could lose money
by investing in the fund. One of the principal risks of investing
in the fund is market risk. Market risk is the risk that a
particular ETF owned by the fund, fund shares or stocks in general
may fall in value. There can be no assurance that the fund’s
investment objective will be achieved.
The ETFs in which the fund invests are likely to be concentrated
in a single industry or sector. An ETF concentrated in a single
industry or sector presents more risks than a fund that is broadly
diversified over several industries or sectors.
The ETFs in which the fund invests may invest in small
capitalization and mid capitalization companies. Such companies may
experience greater price volatility than larger, more established
companies.
The ETFs in which the fund invests may invest in securities of
non U.S. issuers, including U.S. dollar denominated securities of
non U.S. issuers traded in the United States. Such securities are
subject to additional risks, including currency fluctuations,
political risks, withholding, the lack of adequate financial
information, and exchange control restrictions impacting foreign
issuers. These risks may be heightened for securities of companies
located in, or with significant operations in, emerging market
countries.
The ETFs in which the fund invests may invest in depositary
receipts, which may be less liquid than the underlying shares in
their primary trading market.
The fund invests in securities of affiliated ETFs, which
involves additional expenses that would not be present in a direct
investment in such affiliated ETFs.
The fund is classified as “non-diversified.” A non-diversified
fund generally may invest a larger percentage of its assets in the
securities of a smaller number of issuers. As a result, the fund
may be more susceptible to the risks associated with these
particular issuers, or to a single economic, political or
regulatory occurrence affecting these issuers.
The fund is not sponsored, endorsed, sold or promoted by Dorsey
Wright. Dorsey Wright makes no representation or warranty, express
or implied, to the owners of the fund or any member of the public
regarding the advisability of trading in the fund. Dorsey Wright’s
only relationship to First Trust is the licensing of certain
trademarks and trade names of Dorsey Wright and of the index, which
is determined, composed and calculated by Dorsey Wright without
regard to First Trust or the fund.
Investors should review all relevant offering materials,
including all applicable risk factors, and should consult with
financial and tax advisors relating to tax and other consequences
of investing in a particular security prior to making an
investment. The securities have not been and will not be registered
with the National Securities Registry (Registro Nacional de
Valores) maintained by the Mexican National Banking and Securities
Commission (Comision Nacional Bancaria y de Valores, or “CNBV”),
and may not be offered or sold publicly or otherwise be the subject
of brokerage activities in Mexico, except pursuant to the private
placement exemption set forth in article 8 of the Securities Market
Law (Ley del Mercado de Valores).
First TrustRyan Issakainen(630) 765-8689RIssakainen@FTAdvisors.com
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