---
ticker: "FDM"
name: "First Trust Dow Jones Select MicroCap Index Fund"
url: "https://etf.net/etf/FDM"
grade: "C"
score: 41
graded_at: "2026-10-12"
category: "US Small-Cap"
category_rank: "14 of 17"
methodology: "https://etf.net/methodology"
---

# FDM: First Trust Dow Jones Select MicroCap Index Fund

Grade **C**, Score 41 of 100. Rank 14 of 17 in US Small-Cap.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 17 of 17 |
| Mission | 77 | 15 of 16 |
| Risk | 66 | 2 of 17 |
| Tradability | 54 | 7 of 17 |
| Holdings | 24 | 16 of 17 |
| Durability | 42 | 11 of 17 |

## Top holdings

The fund holds 136 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PD | PagerDuty, Inc. | 2.08% |
| 2 | RIGL | Rigel Pharmaceuticals, Inc. | 1.53% |
| 3 | QNST | QuinStreet, Inc. | 1.42% |
| 4 | APOG | Apogee Enterprises, Inc. | 1.41% |
| 5 | HRTG | Heritage Insurance Holdings, Inc. | 1.38% |
| 6 | PAHC | Phibro Animal Health Corporation (Class A) | 1.35% |
| 7 | GCMG | GCM Grosvenor Inc. (Class A) | 1.35% |
| 8 | ORRF | Orrstown Financial Services, Inc. | 1.34% |
| 9 | SENEA | Seneca Foods Corporation | 1.32% |
| 10 | IBCP | Independent Bank Corporation | 1.31% |
| 11 | SMP | Standard Motor Products, Inc. | 1.30% |
| 12 | REPX | Riley Exploration Permian, Inc. | 1.29% |
| 13 | CTO | CTO Realty Growth, Inc. | 1.28% |
| 14 | FISI | Financial Institutions, Inc. | 1.26% |
| 15 | FLOC | Flowco Holdings Inc. (Class A) | 1.26% |
| 16 | WASH | Washington Trust Bancorp, Inc. | 1.18% |
| 17 | HIPO | Hippo Holdings Inc. | 1.15% |
| 18 | PGC | Peapack-Gladstone Financial Corporation | 1.14% |
| 19 | SHBI | Shore Bancshares, Inc. | 1.14% |
| 20 | HTB | HomeTrust Bancshares, Inc. | 1.13% |
| 21 | CCSI | Consensus Cloud Solutions, Inc. | 1.12% |
| 22 | ROOT | Root, Inc. (Class A) | 1.12% |
| 23 | OSPN | OneSpan Inc. | 1.12% |
| 24 | CARE | Carter Bankshares, Inc. | 1.11% |
| 25 | CCBG | Capital City Bank Group, Inc. | 1.10% |
| 26 | SMBC | Southern Missouri Bancorp, Inc. | 1.08% |
| 27 | PMT | PennyMac Mortgage Investment Trust | 1.07% |
| 28 | ADAM | Adamas Trust Inc. | 1.07% |
| 29 | BHB | Bar Harbor Bankshares | 1.06% |
| 30 | ACNB | ACNB Corporation | 1.06% |

Source: etf.net, https://etf.net/etf/FDM. Please cite the page URL.