First Trust Growth Strength ETF (FTGS)

The First Trust Growth Strength ETF (FTGS) is a First Trust exchange-traded fund, launched in 2022, that seeks to track the Growth Strength Index.

The index selects 50 well-capitalized large-cap U.S. companies that show strong market positions and growth characteristics, screening on fundamental measures of balance sheet strength, profitability and growth. Selected stocks are held in equal weights, which keeps any single company from dominating the portfolio. The fund follows a passive, rules-based approach to U.S. growth equities.

The index is reconstituted and rebalanced periodically, and holdings tend to come from sectors such as technology, healthcare, industrials and financials. Shares trade on Nasdaq.