First Trust New Constructs Core Earnings Leaders ETF
$27.320.00 (+0.01%)
- 0.60%
- $86M
- +15.6%
- 0.72%
- 0M sh
- $27.40
- low $23.03high $28.55
The ETF.net FTCE Grade
C
Score 43 out of 100
- 20 of 26
Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F2 out of 100Rank 25 of 26Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 3 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 21 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 16 of 26Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 12 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 16 of 26
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
- 101
- 39%
- NOW
Sectors
- Technology41.9%
- Financials12.6%
- Consumer Discretionary11.8%
- Health Care10.1%
- Industrials7.8%
- Consumer Staples4.4%
- Energy3.5%
- Materials2.5%
- Utilities2.0%
- Real Estate2.0%
- Communication1.4%
Geography
- United States91.86%
- Ireland4.12%
- Singapore3.82%
- 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.
Not enough history yet.Not enough history yet.Not enough history yet.
FTCE$11,565
Returns run to the Oct 12, 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 | +10.4% |
| 1 month | 0.0% |
| 3 months | −0.6% |
| 1 year | +15.6% |
| 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 | +10.4% | |
| 2025 | +26.2% | |
| 2024 | 0.0% |
FTCE in the news
FTCE Dividends
- 0.72%
- $0.20
- $0.06 per share
- Quarterly
Distribution history
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.
- 0.94
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.
- 1.04
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
0.60%
FTCE0.60%
- The middle half of US Quality Index funds
- Median 0.39%
24 of the 26 US Quality Index funds charge less.
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- CQFRDPacer S&P 500 Quality FCF R&D Leaders ETFExpense ratio 0.49%1 year return —
- DTPFCThe Timothy Plan - Timothy Plan Free Cash Flow ETFExpense ratio 0.59%1 year return —
- DEMOTFirst Trust S&P 500 Economic Moat ETFExpense ratio 0.60%1 year return +14.8%