First Trust Capital Strength ETF
FTCS
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- First Trust Capital Strength ETF (FTCS) is an exchange-traded fund that seeks investment results tracking the Capital Strength Index, an equal-dollar weighted index designed to provide exposure to large-capitalization U.S. companies exhibiting strong balance sheets, high liquidity, consistent earnings growth, and robust financial strength; the fund holds approximately 50-51 securities, with top holdings including Electronic Arts Inc., Ross Stores Inc., eBay Inc., Northrop Grumman Corp., Hershey Co., Microsoft Corp., and The TJX Companies Inc., representing diverse sectors such as consumer discretionary, industrials, technology, and consumer staples. FTCS primarily invests in equity securities of U.S.-domiciled large-cap companies selected for their financial stability metrics, including low long-term debt-to-capital ratios, high current ratios, and strong return on equity; it employs an equal-weighting methodology and rebalances quarterly to maintain exposure to well-capitalized firms with proven profit expansion capabilities. Launched on July 6, 2006, and managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois, the fund operates with a net expense ratio of 0.54%, total net assets exceeding $8.3 billion, and shares traded on the Nasdaq under the ticker FTCS. Geographically, FTCS focuses on U.S. stocks (99.97% allocation), serving institutional and retail investors seeking large blend equity exposure with medium risk characteristics, evidenced by a three-year beta of 0.79 and standard deviation of 11.34%. Notable historical index changes include a shift on June 4, 2013, from the Credit Suisse U.S. Value Index, Powered by HOLT, to The Capital Strength Index, and an earlier transition on June 18, 2010, from the Deutsche Bank CROCI U.S. Index; no major product launches, acquisitions, partnerships, or strategic reorganizations specific to FTCS have been announced within the last 1-2 years. First Trust Advisors L.P., the fund's adviser and an affiliate of First Trust Portfolios L.P. (founded in 1991), continues routine operations including quarterly distributions, with recent announcements covering multiple ETFs on dates such as December 12, 2024, March 26, 2025, June 25, 2025, September 24, 2025, and December 15, 2025; the firm manages approximately $304 billion in assets as of October 31, 2025, across ETFs, unit investment trusts, closed-end funds, and other vehicles. FTCS maintains its core large-cap blend strategy amid ongoing portfolio turnover of around 24%, with year-to-date performance of approximately 7.43% and one-year returns of 4.84% as of December 16, 2025.