Key stats
About First Trust Indxx Medical Devices ETF
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Inception date
Jun 22, 2021
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
US33738R6392
MDEV gives concentrated, pure-play exposure to the medical equipment segment of the global health care sector. The fund holds the top 50 companies based on market capitalization, that derive at least 50% of their revenue from businesses related to developing equipment, instruments, and machines to diagnose, monitor, and treat diseases. Eligible companies must also meet investability and liquidity requirements, including a minimum market capitalization of $500 million. The resulting portfolio is equally weighted and undergoes annual reconstitution and semi-annual rebalancing.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Stocks99.70%
Health Technology98.07%
Distribution Services1.63%
Bonds, Cash & Other0.30%
Cash0.30%
Stock breakdown by region
North America56.35%
Europe28.01%
Asia11.37%
Oceania4.26%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MDEV invests in stocks. The fund's major sectors are Health Technology, with 98.07% stocks, and Distribution Services, with 1.63% of the basket. The assets are mostly located in the North America region.
MDEV top holdings are WuXi AppTec Co., Ltd. Class H and HOYA CORPORATION, occupying 4.00% and 2.75% of the portfolio correspondingly.
MDEV assets under management is 2.03 M USD. It's fallen 1.10% over the last month.
MDEV fund flows account for −1.09 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, MDEV doesn't pay dividends to its holders.
MDEV shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jun 22, 2021, and its management style is Passive.
MDEV expense ratio is 0.70% meaning you'd have to pay 0.70% of your investment to help manage the fund.
MDEV follows the Indxx Global Medical Equipment Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MDEV invests in stocks.
MDEV price has fallen by −2.03% over the last month, and its yearly performance shows a −7.98% decrease. See more dynamics on MDEV price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.73% over the last month, showed a 0.79% increase in three-month performance and has decreased by −6.77% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.73% over the last month, showed a 0.79% increase in three-month performance and has decreased by −6.77% in a year.
MDEV trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.