Key stats
About FIRST TRUST DJS FIRST TR DOW JONES SELECT MICROCAP INDEX
Expense ratio
0.60%
Home page
Inception date
Sep 27, 2005
ISIN
US33718M1053
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.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Stock breakdown by region