Key stats
About First Trust Dorsey Wright DALI Equity ETF
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Inception date
May 14, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Portfolios LP
Distributor
First Trust Portfolios LP
DALI uses a fund-of-funds structure to cycle between US and international equity sleeves based on momentum. The fund applies point and figure charting to compare price momentum across ETFs representing each sleeve, selecting the one with the strongest relative strength. These evaluations occur twice a month, and assets are fully reallocated as needed to maintain exposure to the highest forward-looking return potential. Both equity sleeves are represented by a mix of First Trust ETFs using either Dorsey Wrights's relative strength methodology or First Trust's AlphaDEX methodology. The US equity exposure is allocated 65% to high-performing sector ETFs and 35% to large- and small-cap growth ETFs, while international equity exposure follows a similar 65/35 breakdown using regional and developed/emerging markets ETFs. Given its concentrated, all-or-nothing allocation model and frequent rebalancing, investors should be prepared for drastic swings in exposure. Before March 31, 2025, the 1 in the funds name and index was replaced with equity.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DALI trades at 26.58 USD today, its price has risen 0.80% in the past 24 hours. Track more dynamics on DALI price chart.
DALI net asset value is 26.74 today — it's risen 5.47% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DALI assets under management is 111.42 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DALI price has risen by 4.99% over the last month, and its yearly performance shows a 6.96% increase. See more dynamics on DALI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.47% over the last month, showed a 16.89% increase in three-month performance and has increased by 8.09% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.47% over the last month, showed a 16.89% increase in three-month performance and has increased by 8.09% in a year.
DALI fund flows account for −1.41 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DALI invests in funds. See more details in our Analysis section.
DALI expense ratio is 0.90%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, DALI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DALI technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DALI shows the buy signal. See more of DALI technicals for a more comprehensive analysis.
Today, DALI technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DALI shows the buy signal. See more of DALI technicals for a more comprehensive analysis.
Yes, DALI pays dividends to its holders with the dividend yield of 0.31%.
DALI trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DALI shares are issued by AJM Ventures LLC
DALI follows the Nasdaq Dorsey Wright DALI Equity Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 14, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.