First Trust S&P 500 Diversified Free Cash Flow ETF

FCFY

Market cap $1.34M

FCFY is a relatively new and virtually unknown sector neutral ETF, selecting 100 S&P 500 Index stocks based on their free cash flow yield characteristics. The approach guarantees a certain level of diversification and differs from more popular free cash flow funds like COWZ and VFLO. Its composition could be more beneficial in a downturn. FCFY's value features are competitive with its peers. However, fund expenses are high at 0.60%, and the ETF has only $1.14 million in AUM, exposing shareholders to liquidation risk.