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Investment Objective/Strategy - The First Trust Multi Cap Growth AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Nasdaq AlphaDEX® Multi Cap Growth™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks that meet certain criteria from the three indices - Nasdaq US 500 Large Cap™ Index, Nasdaq US 600 Mid Cap™ Index and Nasdaq US 700 Small Cap™ Index.
- Nasdaq constructs the Index by ranking the eligible stocks within each index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
- Each stock receives either its growth or value score as its selection score based on its style designation as determined by Nasdaq.
- The top 187 stocks from the Nasdaq US 500 Large Cap Growth™ Index, 225 stocks from the Nasdaq US 600 Mid Cap Growth™ Index and 262 stocks from the Nasdaq US 700 Small Cap Growth™ Index based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings within their size class and the top ranked quintiles receive a higher weight within the index.
- The index is comprised of the selected stocks in the following weights: the stocks selected from the Nasdaq US 500 Large Cap Growth™ Index comprise 50%, the stocks selected from the Nasdaq US 600 Mid Cap Growth™ Index comprise 30%, and the stocks selected from the Nasdaq US 700 Small Cap Growth™ Index comprise 20%.
- The Index is reconstituted and rebalanced quarterly.
Ticker | FAD |
Fund Type | Multi Cap Growth |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33733F101 |
ISIN | US33733F1012 |
Intraday NAV | FADIV |
Fiscal Year-End | 07/31 |
Exchange | Nasdaq |
Inception | 5/8/2007 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Rebalance Frequency | Quarterly |
Total Expense Ratio* | 0.64% |
Net Expense Ratio* | 0.64% |
* As of 12/1/2023
Expenses are capped contractually at 0.70% per year, at least through November 30, 2024.
Closing NAV1 | $136.24 |
Closing Market Price2 | $136.16 |
Bid/Ask Midpoint | $136.31 |
Bid/Ask Premium | 0.05% |
30-Day Median Bid/Ask Spread3 | 0.20% |
Total Net Assets | $217,982,602 |
Outstanding Shares | 1,600,002 |
Daily Volume | 4,613 |
Average 30-Day Daily Volume | 4,471 |
Closing Market Price 52-Week High/Low | $137.80 / $93.58 |
Closing NAV 52-Week High/Low | $137.80 / $93.58 |
Number of Holdings (excluding cash) | 676 |
Holding |
Percent |
Applovin Corp. (Class A) |
0.58% |
Carvana Co. (Class A) |
0.53% |
Palantir Technologies Inc. (Class A) |
0.53% |
Royal Caribbean Cruises Ltd. |
0.52% |
Vertiv Group Corp |
0.50% |
Axon Enterprise Inc. |
0.49% |
Targa Resources Corp. |
0.49% |
DoorDash, Inc. (Class A) |
0.48% |
Coupang, Inc. |
0.47% |
Expedia Group, Inc. |
0.47% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 511 funds in the Mid-Cap Growth category. This fund was rated 4 stars/511 funds (3 years), 4 stars/476 funds (5 years), 4 stars/378 funds (10 years) based on risk adjusted returns.
Maximum Market Cap. | $3,542,564 |
Median Market Cap. | $6,381 |
Minimum Market Cap. | $221 |
Price/Earnings | 27.03 |
Price/Book | 4.70 |
Price/Cash Flow | 18.64 |
Price/Sales | 2.94 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
181 |
37 |
40 |
42 |
Days Traded at Discount |
69 |
24 |
23 |
22 |
Industrials
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20.28%
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Financials
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17.78%
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Information Technology
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14.94%
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Consumer Discretionary
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12.85%
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Health Care
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12.45%
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Real Estate
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6.11%
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Communication Services
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3.89%
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Consumer Staples
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3.30%
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Utilities
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3.27%
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Materials
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3.13%
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Energy
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2.00%
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Tracking Index: Nasdaq AlphaDEX® Multi Cap Growth™ Index
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FAD |
20.86% |
-3.99 |
0.93 |
0.16 |
0.90 |
S&P Composite 1500® Index |
17.61% |
2.42 |
0.83 |
0.51 |
0.96 |
S&P Composite 1500® Growth Index |
20.27% |
--- |
1.00 |
0.39 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
S&P Composite 1500® Index - The Index is an unmanaged index representing the large cap, mid cap and small cap segments of the U.S. equity market. Nasdaq US Multi Cap Growth™ Index - The Index is a float modified market capitalization weighted index that contains the top 50% of securities with the strongest growth-oriented composite score from the Nasdaq US Select Index Family. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S. S&P Composite 1500® Growth Index - The Index contains those securities with growth characteristics from the S&P 1500 Index.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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