Symbols

FSCS

First Trust SMID Capital Strength ETF·NASDAQ

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Key Stats

Assets Under Management

61.90MUSD

Fund Flows (1Y)

33.58MUSD

Dividend Yield

0.71%

Discount/Premium to NAV

-0.05%

Shares Outstanding

1.65M

Expense Ratio

0.60%

About First Trust SMID Capital Strength ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FSCS

Inception Date

Jun 20, 2017

Structure

Open-Ended Fund

Index Tracked

SMID Capital Strength Index

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

FSCS is a US mid-cap equity ETF that screens out stocks that have not paid dividends in the last 12 months. The fund's index imitates the sector weights of its market-cap-weighted parent index (the NASDAQ US 600 Mid Cap Index). Once sector weights are identified, stocks qualifying for each respective sector are equal-weighted within that sector's allocation. Like any ETF that uses some element of equal-weighting, the resulting portfolio underweights larger stocks when compared to market-cap-weighted indexes. The index is reconstituted and rebalanced quarterly.