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First Trust Dow Jones Select MicroCap Index Fund (FDM)
Investment Objective/Strategy - The First Trust Dow Jones Select MicroCap Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Dow Jones Select Microcap IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
  • This index is designed to represent microcap stocks trading on the New York Stock Exchange ("NYSE"), NYSE Amex and Nasdaq that are comparatively liquid and have strong fundamentals relative to the microcap segment as a whole.
  • Covers securities whose market capitalizations fall within a range defined by the bottom two deciles of NYSE stocks.
  • Stocks are screened based on market capitalization, trading volume, and financial indicators that include trailing price/earnings ratio, trailing price/sales ratio, per-share profit change for the previous quarter, operating profit margin and six-month total return.
Fund Overview
TickerFDM
Fund TypeMicro Cap
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33718M105
ISINUS33718M1053
Intraday NAVFDMIV
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception9/27/2005
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.71%
Net Expense Ratio*0.60%
* As of 5/3/2021
Expenses are capped contractually at 0.60% per year, at least until April 30, 2022.
Current Fund Data (as of 5/12/2021)
Closing NAV1$57.26
Closing Market Price2$57.24
Bid/Ask Midpoint$57.29
Bid/Ask Premium0.05%
30-Day Median Bid/Ask Spread30.15%
Total Net Assets$160,604,789
Outstanding Shares2,805,000
Daily Volume88,455
Average 30-Day Daily Volume23,245
Closing Market Price 52-Week High/Low$63.65 / $32.19
Closing NAV 52-Week High/Low$63.68 / $32.37
Number of Holdings (excluding cash)151
Top Holdings (as of 5/12/2021)*
Holding Percent