FTCS First Trust Capital Strength ETF
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FTCS First Trust Capital Strength ETF
Seeks to track, before fees and expenses, the Capital Strength Index.From the stocks in the NASDAQ US Benchmark Index, the largest 500 companies with a minimum three-month average daily dollar trading volume of $5 million are selected. To be eligible for inclusion in the index, companies must have: 1) at least $1 billion in cash or short term investments. 2) a long term debt to market cap ratio less than 30%. 3) a return on equity greater than 15%. Eligible companies are then ranked by a combined short-term (3-month) and long-term (1-year) realized volatility. The 50 companies with the lowest combined volatility score are selected for inclusion in the index. A maximum weight of 30% in any one Industry Classification Benchmark industry is allowed. If an industry has a weight greater than 30%, the highest ranking security by volatility will be removed and replaced with the next eligible security from a different industry. This process is repeated until no industry has a weight greater than 30%. The index stocks are equally weighted initially and on each rebalancing effective date.
On June 4, 2013, the fund's index changed from the Credit Suisse U.S. Value Index to The Capital Strength Index. On June 18, 2010, the fund's index changed from the Deutsche Bank CROCI US+ Index to the Credit Suisse U.S. Value Index.
$70.43 -0.35 (-0.49%)
As of 03/23/2023 15:18:41 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Large cap
Morningstar category: Large Blend
Leverage factor: 1.00
Inception date: 07/06/2006
Index tracking method: Passive replication
Current yield: 1.24%
Historical average yield: 1.37%
Market cap: $8,249,670,141
Average volume: 405,658
Fees: 0.6100%
Index Information
The Capital Strength Index
Index symbol: NQCAPST
Provider: NASDAQ OMX
Total return index symbol: NQCAPSTT
Index weighting: Equal weighted
Index inception date: 03/20/2013
Backtesting data exists: Yes
Number of holdings: 50
Strategy: Multi-factor investing
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: