Key stats
About First Trust Dow 30 Equal Weight ETF
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Inception date
Aug 8, 2017
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 Portfolios LP
Distributor
First Trust Portfolios LP
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.
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
Retail Trade
Technology Services
Stocks99.94%
Electronic Technology18.25%
Finance18.03%
Retail Trade10.40%
Technology Services10.31%
Consumer Non-Durables9.21%
Health Technology8.69%
Consumer Services7.06%
Producer Manufacturing6.48%
Process Industries3.34%
Communications3.27%
Energy Minerals2.90%
Health Services2.01%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EDOW invests in stocks. The fund's major sectors are Electronic Technology, with 18.25% stocks, and Finance, with 18.03% of the basket. The assets are mostly located in the North America region.
EDOW top holdings are Boeing Company and NVIDIA Corporation, occupying 4.30% and 3.95% of the portfolio correspondingly.
EDOW last dividends amounted to 0.14 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 7.24% decrease.
EDOW assets under management is 223.14 M USD. It's risen 4.38% over the last month.
EDOW fund flows account for −29.22 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, EDOW pays dividends to its holders with the dividend yield of 1.59%. The last dividend (Mar 31, 2025) amounted to 0.14 USD. The dividends are paid quarterly.
EDOW shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Aug 8, 2017, and its management style is Passive.
EDOW expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
EDOW follows the Dow Jones Industrial Average Equal Weight Index (USD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EDOW invests in stocks.
EDOW price has risen by 5.30% over the last month, and its yearly performance shows a 10.22% increase. See more dynamics on EDOW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.72% over the last month, showed a −0.17% decrease in three-month performance and has increased by 11.91% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.72% over the last month, showed a −0.17% decrease in three-month performance and has increased by 11.91% in a year.
EDOW trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.