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About First Trust S&P 500 Diversified Free Cash Flow ETF
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Inception date
Aug 23, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33733E7994
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
Stocks99.81%
Electronic Technology19.11%
Finance18.62%
Technology Services12.68%
Producer Manufacturing8.14%
Health Technology7.05%
Consumer Non-Durables5.29%
Consumer Services4.50%
Consumer Durables4.37%
Commercial Services4.16%
Retail Trade3.52%
Utilities2.98%
Transportation2.60%
Energy Minerals2.38%
Process Industries1.58%
Health Services1.27%
Industrial Services1.21%
Non-Energy Minerals0.36%
Bonds, Cash & Other0.19%
Cash0.19%
Stock breakdown by region
North America96.20%
Europe3.80%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCFY invests in stocks. The fund's major sectors are Electronic Technology, with 19.11% stocks, and Finance, with 18.62% of the basket. The assets are mostly located in the North America region.
FCFY top holdings are Skyworks Solutions, Inc. and Synchrony Financial, occupying 4.09% and 3.16% of the portfolio correspondingly.
FCFY last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.09 USD in dividends, which shows a 11.11% increase.
FCFY assets under management is 1.34 M USD. It's risen 3.95% over the last month.
FCFY fund flows account for 1.20 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FCFY pays dividends to its holders with the dividend yield of 1.68%. The last dividend (Jun 30, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
FCFY shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Aug 23, 2023, and its management style is Passive.
FCFY expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
FCFY follows the S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCFY invests in stocks.
FCFY price has risen by 7.23% over the last month, and its yearly performance shows a 9.43% increase. See more dynamics on FCFY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.77% over the last month, showed a 13.21% increase in three-month performance and has increased by 10.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.77% over the last month, showed a 13.21% increase in three-month performance and has increased by 10.88% in a year.
FCFY trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.