---
ticker: "MDEV"
name: "First Trust Indxx Medical Devices ETF"
url: "https://etf.net/etf/MDEV"
grade: "D"
score: 33
graded_at: "2026-10-12"
category: "Health Care (Broad)"
category_rank: "20 of 25"
methodology: "https://etf.net/methodology"
---

# MDEV: First Trust Indxx Medical Devices ETF

Grade **D**, Score 33 of 100. Rank 20 of 25 in Health Care (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 29 | 18 of 25 |
| Mission | 76 | 5 of 11 |
| Risk | 40 | 18 of 24 |
| Tradability | 10 | 25 of 25 |
| Holdings | 78 | 6 of 25 |
| Durability | 24 | 22 of 25 |

## Top holdings

The fund holds 53 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | RVTY | Revvity, Inc. | 3.22% |
| 2 | DEMANT.CO | Demant A/S | 3.08% |
| 3 | 2359.HK | WuXi AppTec Co., Ltd. (Class H) | 3.01% |
| 4 | A | Agilent Technologies, Inc. | 2.78% |
| 5 | WST | West Pharmaceutical Services, Inc. | 2.66% |
| 6 | BAX | Baxter International Inc. | 2.66% |
| 7 | SOON.SW | Sonova Holding AG (Registered) | 2.58% |
| 8 | 6869.T | Sysmex Corporation | 2.55% |
| 9 | WAT | Waters Corporation | 2.54% |
| 10 | TMO | Thermo Fisher Scientific Inc. | 2.47% |
| 11 | DXCM | DexCom, Inc. | 2.46% |
| 12 | BIO | Bio-Rad Laboratories, Inc. (Class A) | 2.46% |
| 13 | 7733.T | Olympus Corporation | 2.43% |
| 14 | MMSI | Merit Medical Systems, Inc. | 2.39% |
| 15 | LIVN | LivaNova Plc | 2.28% |
| 16 | AFX.DE | Carl Zeiss Meditec AG (Bearer) | 2.24% |
| 17 | DIM.PA | Sartorius Stedim Biotech | 2.23% |
| 18 | BDX | Becton, Dickinson and Company | 2.23% |
| 19 | FPH.NZ | Fisher & Paykel Healthcare Corporation Limited | 2.23% |
| 20 | MTD | Mettler-Toledo International Inc. | 2.22% |
| 21 | DHR | Danaher Corporation | 2.17% |
| 22 | EW | Edwards Lifesciences Corporation | 2.05% |
| 23 | 4543.T | Terumo Corporation | 2.05% |
| 24 | TFX | Teleflex Incorporated | 1.98% |
| 25 | MDT | Medtronic Plc | 1.90% |
| 26 | STMN.SW | Straumann Holding AG (Registered) | 1.90% |
| 27 | RMD | ResMed Inc. | 1.89% |
| 28 | ABT | Abbott Laboratories | 1.86% |
| 29 | SHL.DE | Siemens Healthineers AG | 1.86% |
| 30 | — | Coloplast A/S (Class B) | 1.82% |

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