EDOWFirst Trust Dow 30 Equal Weight ETF
EDOW Fund Description
EDOW tracks an equal-weighted index of companies included in the Dow Jones Industrial Average.
EDOW Factset Analytics Insight
EDOW is the equal-weighted take on the Dow Jones Industrial Average Index (DJAI) which is a price-weighted index. The fund has the same exposure to DJIA, holding 30 large-cap US stocks issued by blue-chip companies covering a wide range of industries. In contrast, EDOW gives equal weight to the same 30 constituents, allowing each stock to contribute equally to the performance return. Equal weighting reduces concentration and individual stock risk. The underlying index is rebalanced on a quarterly basis, which provides a mechanism to systematically sell off positions that have appreciated and buy those that are lower. On December 14, 2020, the First Trust Mega Cap AlphaDex Fund (ticker: FMK) was merged into EDOW. Assets from FMK stood at just under $21.5 million, with 500,00 shares outstanding.
EDOW MSCI ESG Analytics Insight
First Trust Dow 30 Equal Weight ETF has an MSCI ESG Fund Rating of A based on a score of 7.62 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Dow 30 Equal Weight ETF ranks in the 80th percentile within its peer group and in the 92nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
EDOW MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
EDOW Summary Data
EDOW Portfolio Data
EDOW Index Data
EDOW Portfolio Management
EDOW Tax Exposures
EDOW Fund Structure
EDOW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EDOW. EDOW is rated a 5 out of 5.
EDOW Sector/Industry Breakdown
EDOW Top 10 Holdings[View All]
EDOW Economic Development
EDOW Performance Statistics
EDOW MSCI ESG Ratings
EDOW Benchmark Comparison Summary
EDOW Benchmark Comparison Market Cap Size