ETF Evaluator: First Trust Bloomberg Space Economy ETF (FSPC) Follow This ETF

First Trust Bloomberg Space Economy ETF Overview

First Trust Bloomberg Space Economy ETF (FSPC) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). First Trust launched the ETF in 2026.

The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Bloomberg Space Economy Index (the “Index”). The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. The fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the total return performance of the index, which includes dividends paid by the securities in the index. It is non-diversified.

About First Trust Bloomberg Space Economy ETF (FSPC)

There are 7 members of the management team with an average tenure of 0.06 years: Daniel Lindquist (2026), Jon Erickson (2026), David McGarel (2026), Stan Ueland (2026), Chris Peterson (2026), Erik Russo (2026) and Roger Testin (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

First Trust Bloomberg Space Economy ETF has 51 securities in its portfolio. The top 10 holdings constitute 44.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

First Trust Bloomberg Space Economy ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. First Trust Bloomberg Space Economy ETF has 41.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 57.2% There is 41.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Trust Bloomberg Space Economy ETF has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FSPC Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Trust Bloomberg Space Economy ETF expense ratio is above average compared to funds in the Large Blend category. First Trust Bloomberg Space Economy ETF has an expense ratio of 0.65%, which is 57% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. First Trust Bloomberg Space Economy ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, First Trust Bloomberg Space Economy ETF returned 0.0%, which earned it a grade of NA, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

First Trust Bloomberg Space Economy ETF has a trailing yield of 0.00%, which is below the 1.16% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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