First Trust Lunt U.S. Factor Rotation ETF (FCTR)
BATS BATS Primary Summary
FCTR Chart
FCTR: A Rotating Strategy Going In Circles
The First Trust Lunt U.S. Factor Rotation ETF implements a rotating allocation strategy among four factors: momentum, value, volatility and quality. The factor allocation is evaluated monthly, resulting in a high turnover. The return since inception of FCTR is underwhelming compared to the S&P 500 and an equal-weight portfolio of single-factor ETFs based on the four factors involved.
First Trust Lunt U.S. Factor Rotation ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 8,237 | $293,056.93 | $320,913.52 | $27,856.59 | 9.51% |
| SM Samuel Miller Kraft, Davis & Associates LLC | 12,172 | $350,804.08 | $472,943.06 | $122,138.98 | 34.82% |
 Christopher C. Powers Farther Finance Advisors, LLC | 10,002 | $356,158.48 | $383,826.75 | $27,668.27 | 7.77% |
 United Advisor Group LLC United Advisor Group, LLC | 6,092 | $200,675.26 | $234,024.18 | $33,348.92 | 16.62% |
| CMP Craig M. Pesce Marshall & Sterling Wealth Advisors Inc. | 31 | $1,020.7 | $1,182.8 | $162.1 | 15.88% |
First Trust Lunt U.S. Factor Rotation ETF (FCTR) FAQ
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First Trust Lunt U.S. Factor Rotation ETF Profile
| BATS Exchange | US Country |
Overview
The fund described focuses on investing primarily in common stocks that are included in a specific index. This index is designed based on a risk-adjusted relative strength methodology, which aims to identify securities demonstrating particular levels of characteristics related to momentum, value, quality, and volatility. By allocating its investments according to these factors, the fund seeks to harness various market dynamics. It commits to investing at least 90% of its net assets, including borrowed investments, in the stocks comprising the index. Notably, the fund is categorized as non-diversified, meaning it may concentrate its investments more heavily in fewer issuers than a diversified fund.
Products and Services
- Index-Based Stock Investments
This service encompasses the core offering of the fund, which is to invest in common stocks that form part of the designated index. The investment strategy is predominately guided by the index’s construction, which is based on a comprehensive risk-adjusted relative strength methodology. This approach allows for the targeting of stocks that show significant levels of momentum, value, quality, or volatility, aiming to capitalize on the associated investment factors.
- Risk-Adjusted Relative Strength Methodology
As a foundational element of the fund's investment approach, this methodology is used to determine the allocation of the fund’s investments. By focusing on risk-adjusted relative strength, the fund aims to identify securities that not only show potential for growth or value but do so with an acceptable level of risk. This service is crucial for investors looking to navigate the complexities of the market while seeking to achieve a balance between risk and reward.
- Non-Diversified Fund Management
This aspect of the fund's operation involves a focus on potentially fewer securities than found in a diversified fund. While this approach harbors a higher risk due to the concentration of investments, it also offers the possibility of higher returns. This service is suitable for investors who are looking for aggressive growth strategies and are comfortable with the associated risk levels.
