First Trust Dow 30 Equal Weight ETF

Frequently Asked Questions About EDOW

What does EDOW invest in?

The First Trust Dow 30 Equal Weight ETF is engineered to replicate the financial performance, encompassing both price appreciation and dividend income, of the Dow Jones Industrial Average Equal Weight Index, before factoring in the ETF's own fees and expenses. To achieve this objective, the Fund typically allocates at least 90% of its net assets, including any capital acquired through borrowing, directly into the common stocks that constitute this underlying index. Employing a passive indexing strategy, the ETF endeavors to mirror the Index's returns prior to any deductions for operational costs. The investment management team targets a strong alignment, aiming for a correlation of 0.95 or higher between the Fund's performance and the Index, acknowledging that a perfect correlation would be represented by a figure of 1.00.

What is the expense ratio of EDOW?

First Trust Dow 30 Equal Weight ETF (EDOW) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EDOW?

First Trust Dow 30 Equal Weight ETF (EDOW) manages $326.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is EDOW actively managed or an index fund?

EDOW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was EDOW launched?

First Trust Dow 30 Equal Weight ETF (EDOW) launched in August 2017 and is managed by First Trust.

How has EDOW performed?

EDOW's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.