Symbols

FDM

First Trust Dow Jones Select MicroCap Index Fund·NYSE

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Key Stats

Assets Under Management

235.57MUSD

Fund Flows (1Y)

-85.62MUSD

Dividend Yield

1.31%

Discount/Premium to NAV

-0.32%

Shares Outstanding

2.71M

Expense Ratio

0.60%

About First Trust Dow Jones Select MicroCap Index Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

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

Inception Date

Sep 27, 2005

Structure

Open-Ended Fund

Index Tracked

Dow Jones Select Microcap 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

FDM calls itself a micro-cap fund, and for the most part it is, but the fund leans hard toward the small-cap space. FDM's underlying index is market-cap weighted and screens for financial strength, looking at metrics like trailing P/E and P/B. Sector biases result, investors should verify sector weightings. The index and fund are reconstituted annually and rebalanced quarterly. FDM captures a segment that is difficult to reach and uses a full replication index strategy. Comparatively, these aspects tend to increase management expenses.