First Trust Dorsey Wright People's Portfolio ETF

C000108867 Fund Overview

First Trust Dorsey Wright People's Portfolio ETF is a US ETF managed by First Trust Exchange-Traded Fund, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: First Trust Exchange-Traded Fund
• Category: United States Blend / Core Equity
• Assets under management: $3.96M
• 1-year return: -17.5%
• SEC CIK: 0001329377
• SEC series ID: S000035456
• Share class ID: C000108867

C000108867 Investment Objective and Strategy

First Trust Dorsey Wright People's Portfolio ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Trust Exchange-Traded Fund.

Investment objective

"The First Trust Dorsey Wright People's Portfolio ETF (the "" Fund ""), formerly First Trust CBOE ® S&P 500 ® VIX ® Tail Hedge Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Nasdaq Dorsey Wright People's Portfolio Index (the ""Index"")."

Principal investment strategy

"The Fund will normally invest at least 80% of its total assets (including investment borrowings) in common stocks or U.S. Treasury Bills ( ""T-Bills"" ) that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the ""Index Provider"" ). The Index is designed to provide exposure to either the U.S. equity market or T-Bills, based upon daily relative strength readings resulting from a wholly-quantitative process. The Index always holds exactly one of three possible positions: all the component securities in the Nasdaq US 500 Large Cap Index, all the component securities of the Nasdaq US 500 Large Cap Equal Weight Index or all the component securities of the Nasdaq US T-Bill Index (each such Index, an ""Underlying Index"" ).

Each of the Nasdaq US 500 Large Cap Index and the Nasdaq US 500 Large Cap Equal Weight Index (each, an ""Equity Underlying Index"" ) contains the same constituent securities – the 500 securities with the highest float market capitalization comprising the NASDAQ US Benchmark Index – but weights them differently. The Nasdaq US 500 Large Cap Index weights the securities according to their market capitalization and the Nasdaq US 500 Large Cap Equal Index weights them equally. The Nasdaq US T-Bill Index (the ""Cash Index"" ) is designed to act as a US dollar-denominated cash position through the use of nine T-Bills ranging from 30 to 91 days in duration. A T-Bill is a short-term debt obligation backed by the U.S. government with a maturity of less than one year, sold in denominations of $1,000 up to a maximum purchase of $5 million.

Relative strength measures the price performance of a security versus a market average, another security or a universe of securities and is a way of recording historic price performance patterns. A security's relative strength can improve if it rises more than its benchmark in an uptrend, or if it decreases less than the benchmark in a downtrend. The relative strength of a security will decrease if it underperforms the benchmark. For purposes of the Index, relative strength is measured comparing the closing price of each Equity Underlying Index and the closing price of the Cash Proxy (defined below). The Index compares relative strength using point and figure charting, which is a method of charting that uses columns (also known as ratio lines) consisting of either Xs or Os (but not both).

An X indicates that an Underlying Index is performing better on a relative strength basis than its comparison Underlying Index, and an O indicates that an Underlying Index is underperforming its comparison Underlying Index on a relative strength basis. The direction and comparison of these columns provide an objective interpretation of the trend or momentum in the relative strength of a particular Underlying Index. The Underlying Index showing the best point and figure relative strength rating will be the Underlying Index in which the Fund invests. To compile the Index, first, the closing price of each Equity Underlying Index and the Cash Proxy is determined. Then, the relative strength of each Equity Underlying Index is determined using point and figure charts. The Equity Underlying Index showing the best point and figure relative strength rating is then compared to a cash-like proxy (the ""Cash Proxy"" ).

The Cash Proxy replicates the rate of return on the 13-week T-Bill. If the Equity Underlying Index shows the best point and figure relative strength rating of this comparison, the Index invests in the Equity Underlying Index. If the Cash Proxy is the winner, the Index invests in the Cash Index. The point and figure relative strength comparison between the two Equity Underlying Indices and the Cash Proxy is conducted on a daily basis and when a new Equity Underlying Index or the Cash Proxy is shown to have the best point and figure relative strength rating, the Index will reallocate to the relevant Equity Underlying Index or to the Cash Index. As a result of this daily determination, the Fund's strategy may involve frequently buying and selling portfolio securities to reallocate the Fund's exposure to the equity securities or T-Bills in which the Index is invested.

This may result in a high portfolio turnover rate. The Equity Underlying Indices rebalance on a semi-annual basis and the Cash Index rebalances on a weekly basis. If the Index is invested in an Underlying Index on a date when it rebalances, the Index will also rebalance. The inception date of the Index was July 24, 2017. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated; however, as of July 31, 2017, the Index was not concentrated in any industry or group of industries. As of March 29, 2018, the Nasdaq US 500 Large Cap Index, Nasdaq US 500 Large Cap Equal Weight Index and Nasdaq US T-Bill Index were comprised of 500, 500 and 9 securities, respectively. The Fund is classified as ""non-diversified"" under the Investment Company Act of 1940, as amended (the ""1940 Act"" )."

C000108867 Performance

Total returns for C000108867 (as of 2026-10-01), from SEC filings.

C000108867 Risk Information

Risk metrics for C000108867, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 21.7%

C000108867 Costs and Fees

C000108867 costs about $60 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.60%
• Gross expense ratio: 0.60%
• Portfolio turnover: 7%
• Brokerage commissions: 0.17 bps of average net assets (SEC N-CEN)

C000108867 Cashflows

Over the 12 months to 2022-09, First Trust Dorsey Wright People's Portfolio ETF had net inflows of $7.23M, from monthly SEC N-PORT filings.

C000108867 Debt Constituents

No individual debt constituents are reported in First Trust Dorsey Wright People's Portfolio ETF's latest SEC N-PORT filing.

C000108867 Prospectus and SEC Filings

Official First Trust Dorsey Wright People's Portfolio ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-04-29
• Prospectus (485BPOS) — filed 2020-05-06
• Prospectus supplement (497) — filed 2021-05-03
• Portfolio holdings (N-PORT) — filed 2022-11-25
• Portfolio holdings (N-PORT) — filed 2022-08-19
• Portfolio holdings (N-PORT) — filed 2022-05-26
• Annual census (N-CEN) — filed 2022-03-16
• Annual census (N-CEN) — filed 2021-03-16

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.