Key stats
About First Trust Nasdaq Lux Digital Health Solutions ETF
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Inception date
Mar 22, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33719L1061
EKG is passively managed to hold stocks and depositary receipts of companies around the globe that enable the digitization of healthcare. Digital health companies include those that develop, commercialize, or participate in technologies related to medical and surgical devices, clinical diagnostics, healthcare-related business/productivity software, and other digitally enabled healthcare technologies. To be included in the index at each semi-annual reconstitution, a company must have an annual revenue growth of at least 10% in each of its two preceding fiscal years. And to maintain index inclusion, companies must meet a minimum of 7% revenue growth in one of the two preceding years and a market capitalization of at least $50 billion. The index uses a market-cap-weighting scheme that caps the weights of the top five securities at 8% and the remaining securities at 4%.
Related funds
Classification
What's in the fund
Exposure type
Health Technology
Health Services
Technology Services
Stock breakdown by region
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EKG assets under management is 2.65 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EKG invests in stocks. See more details in our Analysis section.
EKG expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EKG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, EKG doesn't pay dividends to its holders.
EKG shares are issued by AJM Ventures LLC
EKG follows the NASDAQ Lux Health Tech Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 22, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.