Understanding the FIRST TRUST DORSEY WRIGHT DYNAMIC FOCUS 5 ETF (FVC)

The FIRST TRUST DORSEY WRIGHT DYNAMIC FOCUS 5 ETF (ticker: FVC) is an exchange-traded fund designed to provide exposure to various sectors through a selection of other ETFs. As of October 9, 2026, the current price of FVC is $43.23.

What this ETF is trying to do

FVC uses a strategy that involves holding other specialized funds. Instead of buying individual company stocks directly, it holds several different ETFs to gain exposure to areas like semiconductors, financials, utilities, and the internet.

Top Holdings:

The fund's portfolio includes the following:

• FIRST TRUST INDXX AERSPC & DEFNS ETF (20.09%)

• FIRST TRUST NASDAQ SEMICONDUCTOR ETF (19.09%)

• FIRST TRUST FINANCIALS ALPHADEX® ETF (18.34%)

• FIRST TRUST DOW JONES INTERNET ETF (17.77%)

• FIRST TRUST UTILITIES ALPHADEX® ETF (17.67%)

• FIRST TRUST ENHANCED SHORT MATURITY ETF (6.98%)

*Note: Holdings can change over time.*

What the numbers show

When looking at how FVC has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes the impact of distributions).

• Year-to-Date (YTD): The price return is approximately 18.85%, while the total return is approximately 18.86%.

• One-Year: The price return was approximately 19.47%, and the total return was approximately 20.54%.

• Three-Year: The price return was approximately 37.83%, and the total return was approximately 43.66%.

• Five-Year: The five-year total return is approximately 30.12%.

An estimated price from roughly one year ago was $36.18.

Income and distribution explanation

FVC provides cash distributions to investors, but they are described as "irregular" or "less frequent." Over the last 12 months, there were 2 payouts. The distribution yield is approximately 0.75%.

It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same as your total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). While investors often worry about a falling share price, a falling market price does not always mean the NAV has declined.

For FVC, the erosion-risk score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• Strong Price Growth: The fund has shown significant positive price returns over the one-year and three-year periods.

• Low Erosion Risk: Based on the supplied erosion-risk score, no price erosion has been detected.

Cons

• Irregular Income: The distributions are not paid on a regular, predictable schedule.

• Lower Yield: The distribution yield of approximately 0.75% is relatively low compared to many income-focused funds.

Beginner takeaway

FVC is an ETF that focuses on a variety of sectors by holding other ETFs. While it has shown strong price and total returns over the last few years, its cash distributions are infrequent. Investors looking for steady, regular income should note that the payout frequency is irregular.