First Trust Dow Jones Select MicroCap Index Fund
FDM

$65

2.27%

Market Cap: $189M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

9.56% more ownership

Funds ownership: 63.95% [Q1] → 73.51% (+9.56%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

2% less funds holding

Funds holding: 62 [Q1] → 61 (-1) [Q2]

9% less capital invested

Capital invested by funds: $115M [Q1] → $104M (-$10.8M) [Q2]

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for FDM.

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Financial journalist opinion

FDM: Quality Screens A Success For This Long-Running Micro-Cap ETF

FDM tracks the Dow Jones Select Microcap Index, selecting about 150 micro-cap stocks after applying profitability and value screens. Expenses are 0.60% and the ETF has $181 million in assets. These screens have proved valuable over the long run. Since 2005, it has outperformed the more popular and better diversified IWC with less risk. I expect this trend to continue. My analysis reveals FDM is superior on risk management, value, and quality, with a slight weakness on growth. Ultimately, it looks better prepared for multiple market conditions.

FDM: Quality Screens A Success For This Long-Running Micro-Cap ETF

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