First Trust WCM International Equity ETF
WCMI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Oct 8, 2024
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust WCM International Equity ETF (WCMI) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 75% of its net assets in equity securities and depository receipts of non-U.S. domiciled companies located in developed, emerging, and frontier markets; the fund focuses on high-quality international growth companies with high returns on invested capital, superior growth prospects, low debt levels, and attractive valuations, typically holding 40-50 securities across sectors such as industrials, information technology, health care, financials, and consumer discretionary. Top holdings as of December 2025 include Rolls-Royce Holdings Plc (7.11%), Taiwan Semiconductor Manufacturing Company Ltd. (5.85%), Babcock International Group Plc (5.20%), Prosus N.V. (3.68%), and Teva Pharmaceutical Industries Limited ADR (3.19%); the portfolio emphasizes large- and mid-cap growth stocks benchmarked against the MSCI ACWI ex USA Index, with an expense ratio of 0.85% and assets under management exceeding $700 million. Launched on March 31, 2020 and issued by First Trust Advisors L.P., headquartered in Wheaton, Illinois, with sub-advisory services provided by WCM Investment Management, LLC, based in Laguna Beach, California, the ETF trades on U.S. exchanges and targets institutional and retail investors seeking international equity exposure excluding the United States. In a significant recent development, on October 7, 2024, the fund acquired the assets and adopted the performance history of the WCM International Equity Fund (Predecessor Fund), a series of Investment Managers Series Trust, enhancing its track record while maintaining substantially similar investment policies; this reorganization supports continuity in strategy amid ongoing portfolio management by WCM's team, including managers Rob Quirk, Andrew Wiechert, and Drew French.