The First Trust Growth Strength™ Net Fee Index seeks to identify high quality companies with a history of revenue and cash flow growth. Through a multi-factor approach, the Index screens for well-capitalized companies with strong balance sheets that also exhibit profit and revenue growth over a sustained period of time. The Index begins with the largest 500 securities by float-adjusted market capitalization with a minimum three-month average daily trading volume of $5 million within the Nasdaq U.S. Benchmark™ Index. To be eligible for inclusion, companies must have at least $1 Billion (USD) cash or short-term investments, a long-term debt to market capitalization ratio of less than 30% and a return on equity greater than 15%. Remaining securities are ranked by their three-year revenue percentage growth and three-year cash flow percentage growth with the top 50 securities selected by combined ranking. If there are more than 15 securities from any one industry, the security with the lowest ranking will be removed and replaced with the next eligible security from a different industry. The securities are equally-weighted, rebalanced and reconstituted quarterly. The daily performance of the index is reduced by 0.65% per annum.
| Index Performance * | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception† |
|---|---|---|---|---|---|---|---|
| First Trust Growth Strength™ Net Fee Index | 0.51% | N/A | N/A | N/A | N/A | N/A | 14.07% |
| Index Performance * | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception† |
|---|---|---|---|---|---|---|---|
| First Trust Growth Strength™ Net Fee Index | 0.51% | N/A | N/A | N/A | N/A | N/A | 14.07% |
Please refer to the methodology for the Index (the "Methodology") for more details about the Index, including the manner in which it is rebalanced, the timing of such rebalancing, criteria for additions and deletions of the underlying indexes, as well as all Index calculations.
This website does not constitute an offer of any services or financial products. Except for certain custom index calculation services, all information provided by FTIS is general in nature and not tailored to the needs of any person, entity or group of persons. FTIS receives compensation in connection with licensing its indices including the Index, to third parties and providing custom calculation services. It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments offered by third parties that are based on that index.
FTIS does not sponsor, endorse, sell promote or manage any investment fund or other investment product or vehicle that seeks to provide an investment return based on the performance of the Index. FTIS is not an investment or tax advisor. FTIS makes no representation regarding the advisability of investing in any such investment fund or other investment product or vehicle. A tax advisor should be consulted to evaluate the impact of any tax consequences of making any particular investment decision based on the Index. Credit-related information and other analyses, including ratings, are generally provided by licensors.
Index returns or those of any indexes shown do not represent the results of actual trading of investable assets or securities. FTIS or its affiliates administer the Index but does not manage actual assets. Index returns do not reflect payment of any sales charges or fees an investor may pay to purchase the securities underlying the Index or investment funds, or financial products that are intended to track the performance of the Index. The imposition of these fees and charges would cause actual and back-tested performance of the securities, fund, or financial products to be lower than the Index performance shown. As a simple example, if an index returned 10% on a $100,000 investment for a 12-month period (or $10,000) and an asset-based management fee of 1.50% was imposed at the end of the period on the investment plus accrued interest (or $1,650), the net return would be 8.35%, or $8,350 for the 12-month period. Over a three-year period, an annual 1.50% management fee taken at year end with an assumed 10.00% return per year would result in a cumulative gross return of 33.10%, a total fee of $5,375 and a cumulative net return of 27.20% (or $27,200).
GENERAL DISCLAIMERS
The First Trust Growth Strength™ Net Fee Index (the "Index") is a product of FT Indexing Solutions LLC (“FTIS”). FIRST TRUST® and FIRST TRUST GROWTH STRENGTH™ NET FEE INDEX are trademarks of First Trust Portfolios L.P. (collectively, with FTIS and their respective affiliates, “First Trust”). The foregoing index and trademarks have been licensed for use for certain purposes by Nasdaq and Pacific Life & Annuity Company (“Pac Life”) in connection with the Index.
The Nasdaq U.S. Benchmark™ Index (“Nasdaq Index”) is a product of Nasdaq, Inc. (which with its affiliates is referred to as “Nasdaq”). Nasdaq® and THE NASDAQ US BENCHMARK™ INDEX are trademarks of Nasdaq. The foregoing index and trademarks have been licensed for use for certain purposes by FTIS and Pac Life in connection with the Index.
FTIS has contracted with Nasdaq, Inc. (which with its affiliates is referred to as “Nasdaq”) to calculate and maintain the Index. Nasdaq does not guarantee the timeliness, accurateness, or completeness of the Index or any data or information relating thereto and shall have no liability in connection with the Index or any data or information relating thereto.
FTIS and NASDAQ DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS, COMPLETENESS, AND/OR UNINTERRUPTED CALCULATION OF THE INDEX, OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATION WITH RESPECT THERETO, INCLUDING, ORAL, WRITTEN, OR ELECTRONIC COMMUNICATIONS. FTIS AND NASDAQ SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS IN THE INDEX, CALCULATIONS OF THE INDEX, OR PRODUCTS BASED ON THE INDEX. FTIS AND NASDAQ MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY LICENSEES OR OWNERS OF ANY PRODUCTS BASED ON THE INDEX, OR BY ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX, OR ANY DATA INCLUDED THEREIN.