FSCS
First Trust SMID Capital Strength ETF
FSCS tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
22.1 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 20, 2017 |
| Assets (mns) | $22 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| K12 INC | 1.5 % |
| CAREER EDUCATION CORP | 1.3 % |
| MUELLER INDUSTRIES INC | 1.2 % |
| INTERACTIVE BROKERS GRO-CL A | 1.2 % |
| GRAND CANYON EDUCATION INC | 1.2 % |
| INTERDIGITAL INC | 1.2 % |
| LAUREATE EDUCATION, INC. CLASS A | 1.1 % |
| COMMERCE BANCSHARES INC | 1.1 % |
| RAYMOND JAMES FINANCIAL INC | 1.1 % |
| ALLISON TRANSMISSION HOLDING | 1.1 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 102 |
| Wgt avg mkt cap (mns) | $11,573 |
| Large cap (>$10bn) | 51.5% |
| Mid cap ($2-10bn) | 42.2% |
| Small cap (<$2bn) | 6.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.1 % |
 |
BERMUDA | 2.9 % |
 |
PUERTO RICO | 2.0 % |
 |
BRITAIN | 0.9 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.0% | -- | -- | -- | -- | -- | 1.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $8,272 |
Technical Indicators
| Recent close | $36.85 |
| 30d moving avg. | $35.23 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FSCS |
Expenses vs. FSCS |
ALTAR Score™ vs. FSCS |
|---|---|---|---|---|
| RNMC | First Trust Mid Cap US Equity Select ETF | 69.0% | 0 bp | +0.3% |
| OUSM | ALPS O'Shares US Small-Cap Quality Dividend ETF | 21.3% | -12 bp | -0.7% |
| PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 19.7% | 0 bp | +0.5% |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 19.6% | +20 bp | 0.0% |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 19.4% | 0 bp | +3.2% |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 18.9% | -35 bp | +0.7% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 18.7% | -43 bp | -0.1% |
| FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | 18.5% | -30 bp | +2.1% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 18.3% | -45 bp | -0.1% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 18.2% | -45 bp | -0.1% |
Risk and Returns: FSCS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FSCS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FSCS
5.9%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FSCS's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FSCS in the 57th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FSCSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FSCS (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FSCS | 60.0 | 0.0 | 60 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .