RNDM Developed International Equity Select ETF

Seeks to track, before fees and expenses, the Nasdaq Riskalyze Developed Markets Index. The index selects securities from the Nasdaq Developed Markets Ex-US Large Mid Cap Index based on factors such as liquidity and volatility. To be eligible for inclusion in the index, the securities must meet certain criteria, including: 1) a minimum three-month average daily dollar trading volume of $5 million, and 2) having traded on an eligible exchange for at least one calendar year. Eligible securities are ranked by trailing twelve month volatility within their respective countries. The 25 securities with the lowest volatility from each country are selected (or all securities if less than 25 qualify). Weights are assigned that are equal to the country and sector weights within the Nasdaq Developed Markets Ex-US Large Mid Cap Index. The index weighting methodology includes a maximum weight cap of 3% to prevent high concentrations among larger stocks. The Index is rebalanced and reconstituted on a semi-annual basis.

$47.78  0.00 (0.00%)
As of 03/22/2023 00:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     First Trust
Category1:  Global Equity
Category2:  Developed markets ex-US
Category3:  Large and mid cap
Morningstar category:  Foreign Large Blend
Leverage factor:  1.00
Inception date:  06/20/2017
Index tracking method: Passive replication
Current yield:  2.52%
Historical average yield:  2.24%
Market cap:  $19,139,776
Average volume:  1,214
Fees:     0.6500%

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Index Information

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Nasdaq Riskalyze Developed Markets Index
Index symbol:  NQRSKDM
Provider:   NASDAQ OMX
Total return index symbol:  NQRSKDMT
Index weighting:   Other
Index inception date:  06/13/2017
Backtesting data exists:   Yes
Number of holdings:  431
Strategy:  Low volatility
Factors used to select securities:
Volatility