First Trust Bloomberg Emerging Market Democracies ETF (EMDM)

First Trust Bloomberg Emerging Market Democracies ETF (EMDM) is an exchange-traded fund in the Diversified Emerging Mkts category. It has $39.60M in assets, an expense ratio of 0.75% and a 2.79% dividend yield. The fund will normally invest at least 80% of its net assets in the common stocks, depositary receipts, preferred shares and real estate investment trusts that comprise the index. The index is constructed to track the performance of companies within emerging market countries as determined by the index Provider, that meet minimum political rights and civil liberties standards to qualify as Electoral Democracies according to Freedom House. It is non-diversified.