Key stats
About First Trust Exchange-Traded Fund First Trust S&P 500 Diversified Free Cash Flow ETF
Expense ratio
0.60%
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Inception date
Aug 23, 2023
FCFY is designed to mirror a broad US sector-neutral index comprising of firms perceived to have strong free cash flow yields in their respective GICS sectors. The fund follows a model akin to the Pacer's Cash Cows line-up in screening for companies with the highest free cash flow yields, but includes those in Financials and Real Estate. Free cash flow yield, a measure of an organizations cash flow generated from operations after expenses, guides the selection process from the S&P 500, with the top 20% within each sector chosen. Non-positive yielding companies are excluded for diversity until sector count meets a threshold. Firms are then weighted by free cash flow yield, each capped between 0.25% and 5% within their sector. The index undergoes semi-annual rebalancing and reconstitution.
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
Technology Services
Stocks99.85%
Electronic Technology22.42%
Finance16.58%
Technology Services13.60%
Health Services6.87%
Consumer Durables4.72%
Consumer Services4.44%
Consumer Non-Durables4.22%
Retail Trade4.13%
Producer Manufacturing3.80%
Health Technology3.56%
Energy Minerals3.20%
Process Industries2.98%
Communications2.61%
Utilities2.56%
Distribution Services2.10%
Transportation1.30%
Non-Energy Minerals0.74%
Bonds, Cash & Other0.15%
Cash0.15%
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