First Trust S&P 500 Diversified Free Cash Flow ETF
$29.65−0.10 (−0.35%)
- Expense ratio
- 0.60%
- Fund size
- $2M
- 1Y return
- +10.4%
- Yield · Last 12 months
- 1.36%
- Holdings
- 97
- Volume · 30D
- 0M sh
- NAV per share
- $30.04
- 52W range
The ETF.net FCFY Grade
Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 53Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 31Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on FCFY
DFree cash flow screening on the S&P 500, with a twist: the cash-generation ranking runs inside each sector, then sector weights are held near the parent index. A cash-flow tilt that still looks like the market it came from.
The Fund seeks to track, before fees and expenses, the price and yield of the S&P 500® Sector-Neutral FCF Index. It normally invests at least 80% of net assets in index securities and generally uses full replication.
Why people hold it
- Sector-neutral by construction: the free cash flow screen is applied within sectors, so the portfolio keeps S&P 500-like sector weights instead of piling into whichever corner of the market is cash-rich this year.
- Simple plumbing. A standard 1940 Act ETF that generally uses full replication and keeps at least 80% of net assets in index securities. No swaps, no sampling games.
- Tighter than a broad index fund at roughly 100 stocks, so the cash-flow screen actually shows up in the portfolio. Distributions come on a quarterly cadence.
Worth knowing
- At 0.60% a year, it runs above the median fee for index-tracking ETFs in its peer group. Plain S&P 500 value funds such as SPYV (0.04%) and VOOV (0.07%) charge a small fraction of that.
- A small fund that trades lightly. Spreads can be wider than on mega-cap index ETFs, which makes order type and timing more of a factor than the headline fee.
- Launched in 2023, so the live record is short and covers only a narrow slice of market conditions.
FCFY Holdings
- Stocks
- 97
- 33%
- SWKS
Sectors
- Technology40.1%
- Financials11.7%
- Health Care10.5%
- Consumer Discr.9.8%
- Communication8.7%
- Industrials5.5%
- Cons. Staples4.5%
- Energy3.9%
- Real Estate1.9%
- Utilities1.9%
- Materials1.6%
Geography
- United States96.27%
- Ireland2.51%
- Switzerland0.64%
- Bermuda0.58%
FCFY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FCFY |
|---|---|
| Year to date | +8.4% |
| 1 month | −1.9% |
| 3 months | +11.1% |
| 1 year | +10.4% |
| 3 years | +16.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FCFY |
|---|---|---|
| 2026 YTD | +8.4% | |
| 2025 | +16.7% | |
| 2024 | +11.3% | |
| 2023 | +10.8% |
FCFY in the news
ETF.net Research hasn’t filed on FCFY yet — coverage lands here as it’s written.
FCFY Dividends
- 1.36%
- $0.40
- $0.10 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.10 |
| Mar 26, 2026 | Mar 31, 2026 | $0.09 |
| Dec 12, 2025 | Dec 31, 2025 | $0.12 |
| Sep 25, 2025 | Sep 30, 2025 | $0.10 |
| Jun 26, 2025 | Jun 30, 2025 | $0.10 |
| Mar 27, 2025 | Mar 31, 2025 | $0.09 |
| Dec 13, 2024 | Dec 31, 2024 | $0.17 |
| Sep 26, 2024 | Sep 30, 2024 | $0.09 |
| Jun 27, 2024 | Jun 28, 2024 | $0.11 |
| Mar 21, 2024 | Mar 28, 2024 | $0.07 |
| Dec 22, 2023 | Dec 29, 2023 | $0.16 |
FCFY Risk
- 15.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.76
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FCFY Cost
- The middle half of Other Major Indexes funds
- Median 0.29%
31 of the 42 Other Major Indexes funds charge less.