First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that seeks investment results tracking the Growth Strength Index, an equal-weighted index of 50 large-cap U.S. companies selected based on quality factors including high return on equity above 15%, low financial leverage with debt-to-market cap ratios below 30%, positive shareholder equity, at least four years of trading history, and strong three-year revenue and cash flow growth; the portfolio is rebalanced semi-annually with sector diversification limits of 15 securities per industry. Top holdings as of October 2025 include Newmont Corporation (3.07%), United Therapeutics Corporation (2.83%), Monolithic Power Systems, Inc. (2.69%), Caterpillar Inc. (2.47%), and Arista Networks, Inc. (2.45%), spanning sectors such as basic materials, health care, technology, industrials, and telecommunications. Launched on October 25, 2022, and domiciled in the United States with shares listed on Nasdaq, FTGS is managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois, and has grown to approximately $1.28 billion in assets under management with a net expense ratio of 0.60%. In December 2025, First Trust expanded its Growth Strength lineup with the launch of the First Trust Europe Growth Strength UCITS ETF (FTEG) on the London Stock Exchange and Borsa Italiana, tracking a similar rules-based index of 50 high-quality European growth stocks to provide diversified exposure amid varying market conditions. The firm, founded in 1991, also continues regular quarterly distributions for FTGS and its affiliate ETFs, with the latest announcements in June 2025 and March 2025 reflecting ongoing operational stability.