First Trust S&P 500 Diversified Free Cash Flow ETFFirst Trust S&P 500 Diversified Free Cash Flow ETFFirst Trust S&P 500 Diversified Free Cash Flow ETF

First Trust S&P 500 Diversified Free Cash Flow ETF

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Key stats


Assets under management (AUM)
‪1.31 M‬USD
Fund flows (1Y)
‪20.35 K‬USD
Dividend yield (indicated)
1.72%
Discount/Premium to NAV
0.01%
Shares outstanding
‪50.00 K‬
Expense ratio
0.60%

About First Trust S&P 500 Diversified Free Cash Flow ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Aug 23, 2023
Structure
Open-Ended Fund
Index tracked
S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross
Replication method
Physical
Management style
Passive
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.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Fundamental
Geography
U.S.
Weighting scheme
Fundamental
Selection criteria
Fundamental
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Finance
Electronic Technology
Stock breakdown by region
96%3%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FCFY trades at 26.69 USD today, its price has risen 0.24% in the past 24 hours. Track more dynamics on FCFY price chart.
FCFY net asset value is 26.54 today — it's fallen 0.97% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FCFY assets under management is ‪1.31 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FCFY price has risen by 3.67% over the last month, and its yearly performance shows a 5.93% increase. See more dynamics on FCFY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.97% over the last month, have fallen by −0.97% over the last month, showed a 5.29% increase in three-month performance and has increased by 8.17% in a year.
FCFY fund flows account for ‪20.35 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FCFY invests in stocks. See more details in our Analysis section.
FCFY expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FCFY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FCFY technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FCFY shows the neutral signal. See more of FCFY technicals for a more comprehensive analysis.
Yes, FCFY pays dividends to its holders with the dividend yield of 1.72%.
FCFY trades at a premium (0.01%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FCFY shares are issued by AJM Ventures LLC
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.
The fund started trading on Aug 23, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.