# First Trust WCM International Equity ETF (WCMI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/wcmi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: International Equity - Strategy: Thematic · Inception: 2020-03-31 The First Trust WCM International Equity ETF, known as WCMI, aims to achieve significant long-term capital growth for its shareholders. Under typical market conditions, the Fund allocates a minimum of 80% of its investable assets (including any borrowed capital) to the equity shares of companies headquartered outside of the United States. These international equity holdings can consist of standard common stock as well as different types of depositary receipts, including American, European, Canadian, and Global Depositary Receipts (ADRs, EDRs, CDRs, and GDRs, respectively). ## Key Facts | Metric | Value | |---|---| | Price | $18.30 | | Expense Ratio | 0.85% | | Assets Under Management | $2.06B | | NAV | $18.24 | | Holdings Count | 42 | | Distribution Yield (TTM) | 0.57% | | Annual Distribution (TTM) | $0.10 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $15.70 – $20.24 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.0472 /share - Ex-date: 2026-06-25 - Pay date: 2026-06-30 ## Frequently Asked Questions ### What does WCMI invest in? The First Trust WCM International Equity ETF, known as WCMI, aims to achieve significant long-term capital growth for its shareholders. Under typical market conditions, the Fund allocates a minimum of 80% of its investable assets (including any borrowed capital) to the equity shares of companies headquartered outside of the United States. These international equity holdings can consist of standard common stock as well as different types of depositary receipts, including American, European, Canadian, and Global Depositary Receipts (ADRs, EDRs, CDRs, and GDRs, respectively). ### What is the expense ratio of WCMI? First Trust WCM International Equity ETF (WCMI) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is WCMI? First Trust WCM International Equity ETF (WCMI) manages $2.06B 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 WCMI actively managed or an index fund? WCMI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was WCMI launched? First Trust WCM International Equity ETF (WCMI) launched in March 2020 and is managed by First Trust. ### How has WCMI performed? WCMI'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 WCMI pay a dividend? First Trust WCM International Equity ETF (WCMI) currently distributes little or no income. Trailing-twelve-month yield is 0.57%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does WCMI pay dividends? First Trust WCM International Equity ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is WCMI's dividend yield? WCMI's trailing-twelve-month yield is 0.57%, calculated from the sum of dividends over the past year divided by the current price. ### When is WCMI's next ex-dividend date? The most recently announced ex-dividend date for WCMI was 2026-06-25. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will WCMI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.85% 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 WCMI charge its expense ratio? The expense ratio is deducted in tiny daily slices from WCMI'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 WCMI cost more than a fund like VOO? WCMI's strategy (current expense ratio 0.85%) 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 WCMI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to WCMI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as WCMI (0.85%) 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/wcmi - Distribution history: https://www.dividenddata.com/funds/wcmi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/wcmi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/wcmi/expenses - Peer comparison: https://www.dividenddata.com/funds/wcmi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.