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First Trust Capital Strength ETF (FTCS)
Investment Objective/Strategy - The First Trust Capital Strength ETF seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called The Capital Strength IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • A security must be a common stock or REIT that is a member of the Nasdaq US Benchmark Index™. The largest 500 securities by float-adjusted market capitalization with a minimum three-month average daily dollar trading volume of $5 million are selected. Multiple share classes of the same issuer are excluded.
  • To be eligible for inclusion in the Index, companies must have:
    • at least $1 billion in cash or short term investments.
    • a long term debt to market cap ratio less than 30%.
    • a return on equity greater than 15%.
  • Eligib