WCME ETF — First Trust WCM Developing World Equity ETF

First Trust WCM Developing World Equity ETF (WCME)

Updated October 16, 2026.

WCME is an ETF. its distribution rate is 0.57%, its trailing-12-month yield is 0.36%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 49/100 (Unproven). Total return is 27.8% over the past 2 years, 9.7 points behind SPY at 37.5%.

First Trust WCM Developing World Equity ETF is an ETF that invests at least 80% of its assets in equity securities of companies located in developing countries and operates as a non-diversified fund. The fund has a modest current distribution rate and makes distributions semi-annually, with an expense ratio of 0.95%. It appeals to investors seeking equity exposure to developing markets with a modest income component.

WCME performance versus SPY

Price and return data through 2026-10-16.

Total return is 27.8% over the past 2 years, 9.7 points behind SPY at 37.5%. Over the past year its total return — price change plus distributions reinvested — is 7.7%. Its deepest 1-year drawdown was 15.6%.

WCME key facts

Distribution Safety Score™

49 · Unproven

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

03/31/2020

Expense ratio

0.95%

Distribution rate

0.57%

Distribution frequency

Semi-Annual

Trailing yield

0.36%

Last close

$18.19 (as of 2026-10-16)

AUM

$40,314,801

Average volume

2462.0

Dividend

$0.052

Ex-dividend date

06/25/2026

Payment date

08/04/2026

Beta

1.05

How Dividend Vision calculates yield and returns

Distribution rate (0.57%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.36%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WCME risks and drawbacks

WCME's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 15.6%.

Who may consider WCME — and who may not

It is a weaker fit for investors who need monthly cash flow (WCME pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on WCME

• All tickers starting with W

Frequently asked questions

More securities from First Trust.