- What does MDEV invest in?
- The First Trust Indxx Medical Devices ETF, referred to as "the Fund," aims to achieve investment outcomes that broadly align with the price movements and income generation (yield) of the Indxx Medical Devices Index, prior to accounting for the Fund's own operating expenses. A central aspect of its investment strategy involves committing at least 80% of its total net assets—including any capital borrowed for investment—to the common stocks and depositary receipts that constitute this Index. Employing an indexing methodology, the Fund strives to directly replicate the Index's performance, before any fees or charges are deducted. The underlying Indxx Medical Devices Index is created, managed, and supported by Indxx, Inc., which is designated as the "Index Provider."
- What is the expense ratio of MDEV?
- First Trust Indxx Medical Devices ETF (MDEV) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is MDEV?
- First Trust Indxx Medical Devices ETF (MDEV) manages $2.9M 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 MDEV actively managed or an index fund?
- MDEV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was MDEV launched?
- First Trust Indxx Medical Devices ETF (MDEV) launched in June 2021 and is managed by First Trust.
- How has MDEV performed?
- MDEV'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.
