Key stats
Details
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Inception date
Oct 7, 2024
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
US33733E7408
CUSIP
33733E740
FIGI
BBG01Q3CKR72
Identifiers
ISIN US33733E7408
WCME aims to invest in equity securities of industry leading companies located in developing countries around the globe. A countrys development status is based on classifications defined by the World Bank or MSCI. This criterion takes into consideration a countrys per capita GDP, industrialization level, market capitalization, and regulatory environment. Typically, countries with low- to middle-income economies are considered developing. The investment process involves bottom-up, fundamental research which focuses on both financial and non-financial criteria. The research focuses on a companys corporate performance, competitive position, growth potential and intrinsic value, along with an analysis of ESG characteristics. Companies selected are those considered to have positive fundamentals and leading industry growth well into the future. The fund converted from a mutual fund structure at the time of launch, bringing $1.9 million in assets to the ETF.
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
Electronic Technology
Finance
Stocks97.95%
Electronic Technology25.97%
Finance21.53%
Producer Manufacturing9.74%
Health Technology8.55%
Retail Trade6.79%
Technology Services4.91%
Energy Minerals4.52%
Distribution Services3.35%
Non-Energy Minerals2.85%
Utilities2.61%
Health Services2.60%
Transportation2.47%
Consumer Non-Durables2.06%
Bonds, Cash & Other2.05%
Cash2.05%
Breakdown by region
Asia62.70%
Latin America19.91%
North America8.24%
Europe4.94%
Middle East4.21%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
WCME invests in stocks. The fund's major sectors are Electronic Technology, with 25.97% stocks, and Finance, with 21.53% of the basket. The assets are mostly located in the Asia region.
WCME top holdings are Taiwan Semiconductor Manufacturing Co., Ltd. and SK hynix Inc., occupying 12.96% and 4.16% of the portfolio correspondingly.
WCME last dividends amounted to 0.05 USD. Six months before that, the issuer paid 0.01 USD in dividends, which shows a 72.80% increase.
WCME assets under management is 34.46 M USD. It's fallen 6.92% over the last month.
WCME fund flows account for 24.00 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.
Yes, WCME pays dividends to its holders with the dividend yield of 0.36%. The last dividend (Jun 30, 2026) amounted to 0.05 USD. The dividends are paid semi-annually.
WCME shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Oct 7, 2024, and its management style is Active.
WCME expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
WCME follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WCME invests in stocks.
WCME price has fallen by −5.48% over the last month, and its yearly performance shows a 16.41% increase. See more dynamics on WCME price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −5.66% over the last month, have fallen by −5.66% over the last month, showed a −2.07% decrease in three-month performance and has increased by 15.66% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −5.66% over the last month, have fallen by −5.66% over the last month, showed a −2.07% decrease in three-month performance and has increased by 15.66% in a year.
WCME trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.