Symbols

EMDM

First Trust Bloomberg Emerging Market Democracies ETF·NYSE

--(--)

Key Stats

Assets Under Management

18.11MUSD

Fund Flows (1Y)

4.77MUSD

Dividend Yield

3.06%

Discount/Premium to NAV

0.94%

Shares Outstanding

500.00K

Expense Ratio

0.75%

About First Trust Bloomberg Emerging Market Democracies ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=EMDM

Inception Date

Mar 2, 2023

Structure

Open-Ended Fund

Index Tracked

Bloomberg Emerging Market Democracies 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 Advisors LP

Distributor

First Trust Portfolios LP

EMDM tracks an index of stocks providing exposure to emerging market countries that Freedom House designates as electoral democracies. Freedom House is a non-profit, US organization that conducts research and advocacy on democracy, political freedom, and human rights. Countries that are able to meet high standards for political rights and civil liberties, are considered to be electoral democracies. The standards require respect for the rule of law and civil liberties such as, the right to assemble, fair voting practices, and basic political competition. The top 100 companies by market cap from countries meeting these standards are selected for the index. Components are weighted based on the sum of their market cap and overall electoral democracy score. As a result, the portfolio favors large-cap companies from nations with higher democracy scores. The index is reconstituted annually in April and rebalanced semi-annually in April and October.