First Trust Dow Jones Select MicroCap Index Fund

Frequently Asked Questions About FDM

What does FDM invest in?

The First Trust Dow Jones Select MicroCap Index Fund is an exchange-traded fund (ETF). Its core mission is to diligently track the price movements and dividend payouts of the Dow Jones Select Microcap Index, striving for the closest possible match prior to the deduction of any associated fees and expenses.

What is the expense ratio of FDM?

First Trust Dow Jones Select MicroCap Index Fund (FDM) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FDM?

First Trust Dow Jones Select MicroCap Index Fund (FDM) manages $261.6M 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 FDM actively managed or an index fund?

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

When was FDM launched?

First Trust Dow Jones Select MicroCap Index Fund (FDM) launched in September 2005 and is managed by First Trust.

How has FDM performed?

FDM'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.