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First Trust Dow 30 Equal Weight ETF
ETF
EDOW
Payout Change
Pending
Price as of:
$32.7014
+0.0
+0.01%
primary theme
U.S. Large-Cap Value Equity
EDOW (ETF)
First Trust Dow 30 Equal Weight ETF
Payout Change
Pending
Price as of:
$32.7014
+0.0
+0.01%
primary theme
U.S. Large-Cap Value Equity
EDOW (ETF)
First Trust Dow 30 Equal Weight ETF
Payout Change
Pending
Price as of:
$32.7014
+0.0
+0.01%
primary theme
U.S. Large-Cap Value Equity
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.7%
1 yr return
11.3%
3 Yr Avg Return
4.4%
5 Yr Avg Return
8.2%
Net Assets
$253 M
Holdings in Top 10
35.1%
52 WEEK LOW AND HIGH
$32.7
$28.08
$34.44
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
EDOW - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.11%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Dow 30 Equal Weight ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateAug 08, 2017
-
Shares Outstanding4397756
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an “indexing” investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by S&P Dow Jones Indices LLC (the “Index Provider”). The Index Provider reserves the right to make exceptions when applying the methodology if the need arises. In addition, the Index Provider may revise Index policy covering rules for selecting companies, treatment of dividends, share counts or other matters.The Index is the equal weight version of the Dow Jones Industrial AverageTM (the “DJIA”). The DJIA is composed of 30 securities issued by blue-chip U.S. companies covering all industries, with the exception of transportation and utilities (as of the date of this prospectus). According to the Index Provider, the DJIA is maintained by the Averages Committee, which is composed of three representatives of the S&P Dow Jones Indices and two representatives of The Wall Street Journal. Additions or deletions of components may be made to achieve better representation of the broad market and of American industry. According to the Index Provider, inclusion in the DJIA is not governed by quantitative rules but rather is based on the following criteria: (i) the company is not a utility or in the transportation business; (ii) the company has a premier reputation in its field; (iii) the company has a history of successful growth; (iv) there is wide interest in the company among individual and institutional investors; and (v) the company should be incorporated and headquartered in the U.S. In addition, a plurality of revenues should be derived from the U.S. Maintaining adequate sector representation within the index is also a consideration in the selection process for the Dow Jones Industrial Average. According to the Index Provider, whenever one component is changed, the others are reviewed. For the sake of historical continuity, composition changes are rarely made. In the event that there is a change in the components of the DJIA, the component removed from the DJIA will simultaneously be removed from the Index, and the component that replaces the removed component will be added to the Index at the same weight as the component that was removed.The Index is rebalanced quarterly and reconstituted as needed and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 31, 2023, the Index was composed of 30 securities and the Fund had significant investments in information technology companies, although this may change from time to time. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 31, 2023. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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EDOW - Performance
Return Ranking - Trailing
| Period | EDOW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -24.4% | 10.9% | 89.29% |
| 1 Yr | 11.3% | -18.7% | 29.9% | 60.02% |
| 3 Yr | 4.4%* | -4.6% | 29.3% | 77.98% |
| 5 Yr | 8.2%* | -1.8% | 42.6% | 69.76% |
| 10 Yr | N/A* | 1.0% | 24.3% | 71.24% |
* Annualized
Return Ranking - Calendar
| Period | EDOW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -24.9% | 46.1% | 14.12% |
| 2022 | -9.2% | -65.1% | 4.6% | 28.72% |
| 2021 | 16.9% | -44.2% | 57.5% | 45.85% |
| 2020 | 4.3% | -23.2% | 285.0% | 15.86% |
| 2019 | 22.2% | -21.4% | 48.5% | 29.04% |
Total Return Ranking - Trailing
| Period | EDOW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -24.4% | 10.9% | 89.29% |
| 1 Yr | 11.3% | -18.7% | 29.9% | 60.02% |
| 3 Yr | 4.4%* | -4.6% | 29.3% | 77.98% |
| 5 Yr | 8.2%* | -1.8% | 42.6% | 69.76% |
| 10 Yr | N/A* | 1.0% | 24.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | EDOW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.5% | -15.9% | 46.7% | 20.58% |
| 2022 | -7.5% | -42.0% | 8.5% | 66.93% |
| 2021 | 18.8% | 3.6% | 129.7% | 94.71% |
| 2020 | 6.6% | -22.6% | 304.8% | 23.41% |
| 2019 | 24.7% | -12.7% | 52.1% | 61.83% |
EDOW - Holdings
Concentration Analysis
| EDOW | Category Low | Category High | EDOW % Rank | |
|---|---|---|---|---|
| Net Assets | 253 M | 1.09 M | 163 B | 74.23% |
| Number of Holdings | 30 | 2 | 1689 | 95.78% |
| Net Assets in Top 10 | 87.7 M | 420 K | 33.9 B | 69.34% |
| Weighting of Top 10 | 35.14% | 4.8% | 99.9% | 24.25% |
Top 10 Holdings
- Intel Corp 3.75%
- Caterpillar Inc 3.63%
- Walgreens Boots Alliance Inc 3.59%
- American Express Co 3.55%
- Goldman Sachs Group Inc/The 3.51%
- Honeywell International Inc 3.44%
- Dow Inc 3.43%
- JPMorgan Chase Co 3.42%
- Amgen Inc 3.41%
- Boeing Co/The 3.40%
Asset Allocation
| Weighting | Return Low | Return High | EDOW % Rank | |
|---|---|---|---|---|
| Stocks | 99.96% | 1.86% | 108.42% | 2.84% |
| Cash | 0.04% | -0.79% | 38.18% | 95.95% |
| Preferred Stocks | 0.00% | 0.00% | 13.88% | 99.14% |
| Other | 0.00% | -3.53% | 39.72% | 95.43% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 99.05% |
| Bonds | 0.00% | -0.71% | 73.23% | 98.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EDOW % Rank | |
|---|---|---|---|---|
| Technology | 18.86% | 0.00% | 54.02% | 7.98% |
| Healthcare | 17.71% | 0.00% | 30.08% | 50.56% |
| Financial Services | 17.14% | 0.00% | 58.05% | 71.12% |
| Industrials | 12.91% | 0.00% | 42.76% | 30.62% |
| Consumer Cyclical | 10.13% | 0.00% | 22.74% | 10.15% |
| Consumer Defense | 10.11% | 0.00% | 34.10% | 29.84% |
| Communication Services | 6.02% | 0.00% | 26.58% | 45.19% |
| Basic Materials | 3.72% | 0.00% | 21.69% | 45.01% |
| Energy | 3.41% | 0.00% | 54.00% | 88.99% |
| Utilities | 0.00% | 0.00% | 27.04% | 100.00% |
| Real Estate | 0.00% | 0.00% | 90.54% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EDOW % Rank | |
|---|---|---|---|---|
| US | 99.96% | 1.86% | 108.42% | 2.33% |
| Non US | 0.00% | 0.00% | 27.89% | 99.66% |
EDOW - Expenses
Operational Fees
| EDOW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | 14.82% | 88.07% |
| Management Fee | 0.50% | 0.00% | 1.50% | 36.26% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 19.50% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| EDOW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| EDOW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| EDOW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 7.97% |
EDOW - Distributions
Dividend Yield Analysis
| EDOW | Category Low | Category High | EDOW % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.44% | 0.00% | 38.45% | 61.91% |
Dividend Distribution Analysis
| EDOW | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| EDOW | Category Low | Category High | EDOW % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.11% | -1.51% | 4.28% | 11.89% |
Capital Gain Distribution Analysis
| EDOW | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.145 | OrdinaryDividend |
| Dec 29, 2023 | $0.199 | OrdinaryDividend |
| Sep 29, 2023 | $0.145 | OrdinaryDividend |
| Jun 30, 2023 | $0.141 | OrdinaryDividend |
| Mar 31, 2023 | $0.145 | OrdinaryDividend |
| Dec 30, 2022 | $0.144 | OrdinaryDividend |
| Sep 30, 2022 | $0.140 | OrdinaryDividend |
| Jun 30, 2022 | $0.120 | OrdinaryDividend |
| Mar 31, 2022 | $0.146 | OrdinaryDividend |
| Dec 31, 2021 | $0.138 | OrdinaryDividend |
| Sep 30, 2021 | $0.109 | OrdinaryDividend |
| Jun 30, 2021 | $0.120 | OrdinaryDividend |
| Mar 31, 2021 | $0.115 | OrdinaryDividend |
| Dec 31, 2020 | $0.078 | OrdinaryDividend |
| Sep 30, 2020 | $0.152 | OrdinaryDividend |
| Jun 30, 2020 | $0.126 | OrdinaryDividend |
| Mar 31, 2020 | $0.143 | OrdinaryDividend |
| Dec 31, 2019 | $0.139 | OrdinaryDividend |
| Sep 30, 2019 | $0.198 | OrdinaryDividend |
| Jun 28, 2019 | $0.035 | OrdinaryDividend |
| Mar 29, 2019 | $0.119 | OrdinaryDividend |
| Dec 31, 2018 | $0.088 | OrdinaryDividend |
| Sep 28, 2018 | $0.136 | OrdinaryDividend |
| Jun 29, 2018 | $0.095 | OrdinaryDividend |
| Mar 29, 2018 | $0.069 | OrdinaryDividend |
| Dec 29, 2017 | $0.117 | OrdinaryDividend |
| Sep 29, 2017 | $0.050 | OrdinaryDividend |
EDOW - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Aug 08, 2017
4.81
4.8%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Aug 08, 2017
4.81
4.8%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Aug 08, 2017
4.81
4.8%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Aug 08, 2017
4.81
4.8%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Chris Peterson
Start Date
Tenure
Tenure Rank
Aug 08, 2017
4.81
4.8%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Aug 08, 2017
4.81
4.8%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.02 | 16.42 |
