Symbols

EDOW

First Trust Dow 30 Equal Weight ETF·ARCA

--(--)

Key Stats

Assets Under Management

298.66MUSD

Fund Flows (1Y)

32.30MUSD

Dividend Yield

1.24%

Discount/Premium to NAV

0.14%

Shares Outstanding

6.85M

Expense Ratio

0.50%

About First Trust Dow 30 Equal Weight ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/ETF/ETFsummary.aspx?Ticker=EDOW

Inception Date

Aug 8, 2017

Structure

Open-Ended Fund

Index Tracked

Dow Jones Industrial Average Equal Weight Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

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

EDOW is the equal-weighted take on the Dow Jones Industrial Average Index (DJAI) which is a price-weighted index. The fund has the same exposure to DJIA, holding 30 large-cap US stocks issued by blue-chip companies covering a wide range of industries. In contrast, EDOW gives equal weight to the same 30 constituents, allowing each stock to contribute equally to the performance return. Equal weighting reduces concentration and individual stock risk. The underlying index is rebalanced on a quarterly basis, which provides a mechanism to systematically sell off positions that have appreciated and buy those that are lower. On December 14, 2020, the First Trust Mega Cap AlphaDex Fund (ticker: FMK) was merged into EDOW. Assets from FMK stood at just under $21.5 million, with 500,00 shares outstanding.