The First Trust Dividend Strength ETF seeks to replicate as close as possible the price and yield performance of The Dividend Strength Index by investing in common stocks or REITs that are included in the NASDAQ US Benchmark Index and having a 5-year compounded dividend growth rate greater than 5%
On April 29, 2022, the Fund changed its name from the First Trust Total US Market AlphaDEX ETF to the First Trust Dividend Strength ETF