First Trust SMID Capital Strength ETF (FSCS) is a multi-factor ETF. As of October 9, 2026, ETF Copilot scores FSCS 4.6 out of 10 — highest on Value (7.8), lowest on Growth (1.3). It trades at 14.8 times earnings, against its own median of 16.8. Its ten largest holdings are 12% of the fund.
What stands out in FSCS's data
A focused multi-factor strategy for U.S. small-to-mid cap stocks.
Its three-year return trails most peers — the quality screen has not yet paid off in performance.
Over three years the fund returned 11% annually, trailing the 18% category median. Its EBITDA multiple of 11.5x is below average, making it cheaper than many peers.
A niche sleeve that adds a multi-factor tilt to a mid-cap position.
How is FSCS rated? ETF Copilot scores First Trust SMID Capital Strength ETF (FSCS) 4.6 out of 10
As of October 9, 2026, ETF Copilot scores First Trust SMID Capital Strength ETF (FSCS) 4.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.6 / 10
- Growth: 1.3 / 10
- Value: 7.8 / 10
- Risk: 7.4 / 10
- Quality: 7.5 / 10
- Return: 1.8 / 10
Is FSCS expensive right now? It trades at 14.8 times earnings, against its own median of 16.8
As of October 9, 2026, FSCS is cheaper than 73% of its own 113 monthly readings since 2017 — 31 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FSCS?
What's inside FSCS: Size (Large 4%, Mid 64%, Small 32%); Geography (International 5%, US 95%); Tech 4.2%.
What are FSCS's top holdings? The ten largest are 12% of the fund
Marketaxess, Halozyme Therapeutics, IDT, Ulta Beauty, Grand Canyon Education, Nordson, F5, Exponent, Broadridge Financial Solutions and Allegion Public are FSCS's largest holdings, in that order.
More concentrated than 51% of Multi-factor ETFs.
Half of FSCS's weight sits in its 46 largest positions, and once those weights are taken into account it behaves like 99 equally weighted holdings.
What is FSCS's expense ratio? 0.60% a year
As of October 9, 2026, FSCS charges 0.60% a year, yields 1.25% and holds $57M in assets across 100 positions.
| Measure | FSCS |
|---|---|
| Expense ratio | 0.60% |
| Dividend yield | 1.25% |
| Assets under management | $57M |
| Holdings | 100 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust SMID Capital Strength ETF (FSCS) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fscs
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