First Trust New Constructs Core Earnings Leaders ETF
$27.58−0.11 (−0.40%)
- Expense ratio
- 0.60%
- Fund size
- $87M
- 1Y return
- +15.0%
- Yield · Last 12 months
- 0.65%
- Holdings
- 100
- Volume · 30D
- 0M sh
- NAV per share
- $27.63
- 52W range
The ETF.net FTCE Grade
Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 2Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 91Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 38Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on FTCE
CQuality investing with a forensic-accounting accent. FTCE tracks a Bloomberg index built on New Constructs core earnings work, holding about 100 US companies. A 2024 launch that charges 0.60% in a category full of cheaper giants.
The Fund seeks to track the price and yield performance of the Bloomberg New Constructs Core Earnings Leaders Index before fees and expenses.
Why people hold it
- A screen no other fund in the US quality group runs: the Bloomberg New Constructs Core Earnings Leaders Index, profitability-driven and rules-based rather than a repackaged cap-weighted quality score.ftportfolios.com
- The mandate is plain on the tin: US stocks, quality and profitability screens, index tracking, no manager improvising between rebalances.ftportfolios.com
- Concentrated by design: roughly 100 names, tight enough for the screen to show up in results. Distributions come quarterly.
Worth knowing
- The fee is the headline trade-off: 0.60% a year, against a category median near 0.29% and the big quality names at 0.12% (JQUA) or 0.15% (QUAL).
- Thinly traded compared with the household-name quality funds, so spreads can be wider and large orders take more care at the open and close.
- Launched in 2024, so the record is short. There is not yet a full market cycle showing how the core earnings screen behaves when leadership shifts.
FTCE Holdings
- Stocks
- 100
- 39%
- QCOM
Sectors
- Technology37.2%
- Consumer Discr.13.1%
- Financials12.6%
- Health Care9.6%
- Industrials7.4%
- Communication5.2%
- Cons. Staples4.5%
- Energy3.7%
- Materials2.6%
- Real Estate2.1%
- Utilities2.0%
Geography
- United States92.18%
- Singapore3.85%
- Ireland3.77%
- Bermuda0.20%
FTCE 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 | FTCE |
|---|---|
| Year to date | +11.6% |
| 1 month | −0.8% |
| 3 months | +2.2% |
| 1 year | +15.0% |
| 3 years | — |
| 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 | FTCE |
|---|---|---|
| 2026 YTD | +11.6% | |
| 2025 | +26.2% | |
| 2024 | −0.0% |
FTCE in the news
ETF.net Research hasn’t filed on FTCE yet — coverage lands here as it’s written.
FTCE Dividends
- 0.65%
- $0.18
- $0.06 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.06 |
| Mar 26, 2026 | Mar 31, 2026 | $0.05 |
| Dec 12, 2025 | Dec 31, 2025 | $0.03 |
| Sep 25, 2025 | Sep 30, 2025 | $0.04 |
| Jun 26, 2025 | Jun 30, 2025 | $0.11 |
| Mar 27, 2025 | Mar 31, 2025 | $0.06 |
| Dec 13, 2024 | Dec 31, 2024 | $0.06 |
FTCE Risk
- 15.1%
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.
- 1.11
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.
- −18.1%
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.
- 1.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FTCE Cost
- The middle half of US Quality Index funds
- Median 0.38%
25 of the 27 US Quality Index funds charge less.