Key stats
About First Trust Indxx Medical Devices ETF
Expense ratio
0.70%
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Inception date
Jun 22, 2021
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
What's in the fund
Exposure type
Health Technology
Stock breakdown by region