Top holdings as of May 24 include Raytheon company 2.2%, Illinois Tool Works 2.2%, Microsoft Corp 2.2%, Northrop Grumman Corp 2.2% and I.E. Du Ponte De Nemours and Co. 2.1%.
Sector allocations as of May 24 include industrials 22.8%, health care 19.4%, consumer goods 17.3%, consumer services 14.0%, technology 12.2%, financials 8.3%, oil & gas 4.0% and basic materials 2.1%.
First Trust believes that the new Capital Strength Index will help FTCS to provide investors with a better performance potential, with lower costs and access to underallocated component stocks or sectors, compared to existing fund products.
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Max Chen contributed to this article.