First Trust Dorsey Wright International Focus 5 ETF

First Trust Dorsey Wright International Focus 5 ETF is an exchange-traded fund that aims to provide concentrated exposure to international equity markets outside the United States. The fund uses a rules-based momentum approach to select and equally weight five First Trust country- and region-focused ETFs, giving investors access to developed and emerging markets through a single portfolio. Its structure is designed to rotate among markets that show stronger relative strength, while keeping the portfolio diversified across major overseas regions and sectors. First Trust Dorsey Wright International Focus 5 ETF is used by market participants seeking a systematic way to access global ex-U.S. equities, with holdings that can include broad international, European, eurozone, United Kingdom, Germany, and Asia-Pacific exposures depending on the index composition. It is managed as a fund-of-funds and focuses on equities, making it a specialized tool within the international equity allocation space.