First Trust WCM Developing World Equity ETF

Frequently Asked Questions About WCME

What does WCME invest in?

The First Trust WCM Developing World Equity ETF, known as "the Fund," strives to generate significant long-term capital appreciation for its shareholders. Typically, the Fund will commit a minimum of 80% of its total net assets—including any funds borrowed for investment purposes—to equity securities of companies operating in emerging economies. These investments may include both common stocks and various forms of depositary receipts, such as American, European, Canadian, and Global Depositary Receipts (ADRs, EDRs, CDRs, and GDRs).

What is the expense ratio of WCME?

First Trust WCM Developing World Equity ETF (WCME) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is WCME?

First Trust WCM Developing World Equity ETF (WCME) manages $36.2M 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 WCME actively managed or an index fund?

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

When was WCME launched?

First Trust WCM Developing World Equity ETF (WCME) launched in March 2020 and is managed by First Trust.

How has WCME performed?

WCME'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.