Key stats
About First Trust SMID Capital Strength ETF
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Inception date
Jun 20, 2017
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FSCS is passively managed to screen for small- and mid-cap US companies exhibiting strong balance sheets, high liquidity, earnings growth potential, and a record of financial strength and profit growth. To be eligible for inclusion, a stock must have: (i) at least $100 million in cash or short-term investments, (ii) a long-term debt-to-market-cap ratio below 30%, (iii) positive shareholder equity, and (iv) a return on equity exceeding 15%. Eligible stocks are ranked according to a composite volatility score, which combines 3-month annualized realized volatility and 12-month realized volatility, subject to industry and capitalization group constraints. The 100 lowest-ranked stocks are included in the portfolio. Holdings are equally weighted and undergo quarterly reconstitution and rebalancing. Before June 10, 2024, the fund traded as First Trust Mid Cap U.S. Equity Select ETF, with ticker RNMC, and tracked the Nasdaq Riskalyze US Mid Cap Index.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Technology Services
Consumer Non-Durables
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.