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

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

Updated October 16, 2026.

FCFY is an ETF. its distribution rate is 1.01%, its trailing-12-month yield is 1.27%, its expense ratio is 0.60%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Total return is 58.3% over the past 3.1 years, 23.5 points behind SPY at 81.8%.

This ETF holds companies from the S&P 500 that exhibit the highest free cash flow yield within each sector, aiming to provide exposure to cash-generative businesses across the broad market. It carries a modest current distribution rate and distributes quarterly, with an expense ratio of 0.60%. The fund appeals to income investors seeking dividend or distributions-based returns from large-cap equities.

FCFY performance versus SPY

Price and return data through 2026-10-16.

Total return is 58.3% over the past 3.1 years, 23.5 points behind SPY at 81.8%. Over the past year its total return — price change plus distributions reinvested — is 16.4%. Its deepest 1-year drawdown was 11.9%.

FCFY key facts

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

0.83%

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

08/23/2023

Expense ratio

0.60%

Distribution rate

1.01%

Distribution frequency

Quarterly

Trailing yield

1.27%

Last close

$30.05 (as of 2026-10-16)

AUM

$1,471,898

Average volume

712.0

Dividend

$0.076

Ex-dividend date

09/24/2026

Payment date

09/30/2026

Beta

1.0

How Dividend Vision calculates yield and returns

Distribution rate (1.01%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.27%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FCFY risks and drawbacks

FCFY's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.9%.

Who may consider FCFY — and who may not

FCFY may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FCFY pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FCFY

• All tickers starting with F

Tagged: S&P500, Large Cap, Index.

Frequently asked questions

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