# First Trust Indxx Medical Devices ETF (MDEV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mdev for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Sector Equity - Strategy: Thematic · Inception: 2021-06-22 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, bef... ## Key Facts | Metric | Value | |---|---| | Price | $22.12 | | Expense Ratio | 0.70% | | Assets Under Management | $3.3M | | NAV | $22.13 | | Holdings Count | 50 | | Distribution Yield (TTM) | 0.10% | | Annual Distribution (TTM) | $0.02 /share | | Distribution Frequency | Irregular | | 52-Week Range | $17.85 – $22.12 | | Beta | 0.86 | ## Latest Distribution - Amount: $0.0220 /share - Ex-date: 2026-06-25 - Pay date: 2026-06-30 ## Frequently Asked Questions ### 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 $3.3M 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. ### Does MDEV pay a dividend? First Trust Indxx Medical Devices ETF (MDEV) currently distributes little or no income. Trailing-twelve-month yield is 0.10%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MDEV pay dividends? First Trust Indxx Medical Devices ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MDEV's dividend yield? MDEV's trailing-twelve-month yield is 0.10%, calculated from the sum of dividends over the past year divided by the current price. ### When is MDEV's next ex-dividend date? The most recently announced ex-dividend date for MDEV was 2026-06-25. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will MDEV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.70% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MDEV charge its expense ratio? The expense ratio is deducted in tiny daily slices from MDEV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MDEV cost more than a fund like VOO? MDEV's strategy (current expense ratio 0.70%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MDEV sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MDEV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MDEV (0.70%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mdev - Distribution history: https://www.dividenddata.com/funds/mdev/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mdev/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mdev/expenses - Peer comparison: https://www.dividenddata.com/funds/mdev/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.