First Trust Bloomberg Emerging Market Democracies ETF
EMDM
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Mar 3, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Bloomberg Emerging Market Democracies ETF (EMDM) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before fees and expenses, of the Bloomberg Emerging Market Democracies Index. The fund, a series of First Trust Exchange-Traded Fund II, normally invests at least 80% of its net assets in securities comprising the index, employing a full replication strategy or sampling when full replication is impracticable; it may hold depositary receipts, preferred shares, real estate investment trusts, and securities denominated in U.S. or non-U.S. dollars. The underlying index tracks large- and mid-cap companies domiciled in emerging market countries classified as Electoral Democracies by Freedom House, based on minimum standards for political rights and civil liberties; eligible securities from the Bloomberg Emerging Markets Large & Mid Cap universe are selected and weighted by a combination of modified free-float market capitalization and the country's Freedom House score, with single-country exposure capped at 15% at rebalance, encompassing approximately 100 holdings concentrated in financials, information technology, Latin America, and Asia. Launched on March 2, 2023, and listed on NYSE Arca, the fund targets institutional and retail investors seeking diversified emerging market equities and distributes income quarterly with a net expense ratio of 0.75%. First Trust Advisors L.P., founded in 1991 and headquartered in Wheaton, Illinois, serves as investment adviser, with First Trust Portfolios L.P. as distributor and affiliate. The fund operates principally in the United States, with portfolio exposure to emerging market democracies including India, South Korea, Brazil, South Africa, Taiwan, Mexico, Poland, Hungary, and Peru. As of recent data, net assets approximate $12 million, with top holdings such as Taiwan Semiconductor Manufacturing Company, Samsung Electronics, and Bajaj Finance. In June 2025, First Trust completed the reorganization of its closed-end First Trust Specialty Finance and Financial Opportunities Fund into the FT Confluence BDC & Specialty Finance Income ETF, expanding its actively managed ETF offerings, though this did not directly impact EMDM. The firm continues routine index rebalances for EMDM, with semi-annual adjustments in April and October, and issued its prospectus supplement on February 3, 2025, reflecting ongoing compliance and operational stability amid no reported EMDM-specific acquisitions, partnerships, or strategic shifts in the last 1-2 years. First Trust maintains a broad ETF lineup exceeding 180 funds, emphasizing passive and principles-based strategies like EMDM.