First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY)

First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund in the Mid Cap Value category. It has $1.35M in assets, an expense ratio of 0.60% and a 1.50% dividend yield. Under normal conditions, the fund will invest at least 80% of its net assets in the securities that comprise the index. The index measures the performance of companies within the S&P 500® Index that have the highest relative FCF Yield within each GICS® sector represented in the S&P 500® Index. It is non-diversified.