Launched on 07/06/2006, the First Trust Capital Strength ETF (FTCS) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.The fund is sponsored by First Trust Advisors. It has amassed assets over $5.89 billion, making it one of the larger ETFs attempting to match the Large Cap Blend segment of the US equity market.Why Large Cap BlendLarge cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.Annual operating expenses for this ETF are 0.58%, putting it on par with most peer products in the space.It has a 12-month trailing dividend yield of 1.18%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Healthcare sector--about 24.10% of the portfolio. Industrials and Consumer Staples round out the top three.Looking at individual holdings, Apple Inc. (AAPL) accounts for about 2.61% of total assets, followed by Target Corporation (TGT) and Adobe Incorporated (ADBE).The top 10 holdings account for about 22.56% of total assets under management.Performance and RiskFTCS seeks to match the performance of the The Capital Strength Index before fees and expenses. The Capital Strength Index is an equal-dollar weighted index which provides exposure to well-capitalized companies with strong market positions based on strong balance sheets, high degree of liquidity, ability to generate earnings growth & record financial strength & profit growth.The ETF has added about 4.65% so far this year and is up about 10.78% in the last one year (as of 09/14/2020). In the past 52-week period, it has traded between $43.11 and $66.41.The ETF has a beta of 0.88 and standard deviation of 21.10% for the trailing three-year period, making it a medium risk choice in the space. With about 51 holdings, it effectively diversifies company-specific risk.AlternativesFirst Trust Capital Strength ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, FTCS is a great option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.The iShares Core SP 500 ETF (IVV) and the SPDR SP 500 ETF (SPY) track a similar index. While iShares Core SP 500 ETF has $210.23 billion in assets, SPDR SP 500 ETF has $297.14 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust Capital Strength ETF (FTCS): ETF Research Reports Target Corporation (TGT): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report SPDR SP 500 ETF (SPY): ETF Research Reports iShares Core SP 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research