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
ISIN
US33738R7127
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.96%
Cash0.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DALI top holdings are First Trust Small Cap Growth AlphaDEX Fund and First Trust Large Cap Growth AlphaDEX Fund, occupying 18.85% and 17.65% of the portfolio correspondingly.
DALI last dividends amounted to 0.04 USD. The quarter before, the issuer paid 0.02 USD in dividends, which shows a 31.11% increase.
DALI assets under management is 117.93 M USD. It's risen 1.45% over the last month.
DALI fund flows account for −204.05 K 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.
Yes, DALI pays dividends to its holders with the dividend yield of 0.33%. The last dividend (Sep 30, 2025) amounted to 0.04 USD. The dividends are paid quarterly.
DALI shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 14, 2018, and its management style is Passive.
DALI expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
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.
DALI invests in funds.
DALI trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.