First Trust Growth Strength ETF

The First Trust Growth Strength ETF (FTGS) is a passively managed exchange-traded fund listed on the NASDAQ, launched on October 25, 2022, and sponsored by First Trust Advisors L.P., an American financial services firm headquartered in Wheaton, Illinois. The fund seeks investment results that correspond generally to the price and yield of The Growth Strength Index, which identifies high-quality, large-cap U.S. companies with strong balance sheets, robust revenue and cash flow growth, and low financial leverage, screening for at least $1 billion in cash, a long-term debt-to-market capitalization ratio below 30%, and a return on equity exceeding 15%. The resulting portfolio consists of an equally weighted selection of the top 50 securities ranked by three-year revenue and cash flow growth, diversified across sectors with no more than 15 securities from any single industry, and is rebalanced and reconstituted on a quarterly basis. With approximately $1.28 billion in assets under management and a net expense ratio of 0.60%, FTGS offers investors transparent and liquid exposure to quality growth equities, with heaviest allocations to the Information Technology, Healthcare, and Consumer Discretionary sectors.