First Trust Small Cap US Equity Select ETF
RNSC
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MA United States of America
- IPO Date
- Jun 26, 2017
- CIK
- 0001552740
- Similar Companies
- Business
- First Trust Small Cap US Equity Select ETF (RNSC) is an exchange-traded fund that provides exposure to a diversified portfolio of small-cap U.S. equities selected through a tier-weighted index methodology; it invests at least 80% of its net assets in securities comprising the underlying Nasdaq Riskalyze US Small Cap Index, focusing on well-capitalized small and mid-sized companies with strong market positions, dividend-paying histories, and robust fundamentals across sectors such as industrials, financials, and consumer discretionary. The ETF offers investors quarterly distributions, a net expense ratio of 0.60%, and a portfolio of approximately 315 holdings with top 10 concentrations around 21%, targeting growth-oriented small-cap stocks while mitigating risks through diversification and rigorous screening for financial strength and strategic positioning. Launched on June 20, 2017, and managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois, the fund trades on Nasdaq with assets under management of approximately $27 million as of late 2025. In a significant strategic shift approved by the Board of Trustees of First Trust Exchange-Traded Fund VI, the fund implemented major changes to its investment strategy, name, and ticker symbol effective December 4, 2024, transitioning from the Nasdaq Riskalyze US Small Cap Index to the SMID Growth Strength Index, rebranding as First Trust SMID Growth Strength ETF (FSGS), and adopting the new ticker while retaining its CUSIP of 33738R746. This reorganization broadens exposure to small- and mid-cap (SMID) growth stocks emphasizing strength metrics, potentially altering historical performance comparability and aligning with evolving market dynamics in U.S. equities. No additional major partnerships, acquisitions, or funding rounds have been reported for the fund in the last 1-2 years beyond this core operational evolution.