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First Trust Multi Cap Growth AlphaDEX® Fund (FAD)
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.
Index Description According to the Index Provider
  • 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. Only those stocks designated as value stocks are eligible for the portfolio.
  • 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.
Fund Overview
Fund TypeMulti Cap Growth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End07/31
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.63%
Net Expense Ratio*0.63%
* As of 12/1/2021
Expenses are capped contractually at 0.70% per year, at least through November 30, 2022.
Current Fund Data (as of 9/29/2022)
Closing NAV1$90.29
Closing Market Price2$90.33
Bid/Ask Midpoint$90.33
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread30.21%
Total Net Assets$153,489,481
Outstanding Shares1,700,002
Daily Volume50,935
Average 30-Day Daily Volume15,115
Closing Market Price 52-Week High/Low$131.39 / $89.21
Closing NAV 52-Week High/Low$131.24 / $88.95
Number of Holdings (excluding cash)672
Top Holdings (as of 9/29/2022)*
Holding Percent
Enphase Energy, Inc. 0.65%
Cheniere Energy, Inc. 0.56%
ConocoPhillips 0.53%
Regeneron Pharmaceuticals, Inc. 0.53%
CF Industries Holdings, Inc. 0.52%
Devon Energy Corporation 0.51%
O'Reilly Automotive, Inc. 0.51%
W.W. Grainger, Inc. 0.49%
Occidental Petroleum Corporation 0.48%
Republic Services, Inc. 0.48%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2022)4

Among 533 funds in the Mid-Cap Growth category. This fund was rated 4 stars/533 funds (3 years), 4 stars/489 funds (5 years), 4 stars/379 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 9/30/2022)5$0.1236
30-Day SEC Yield (as of 8/31/2022)60.70%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)70.70%
12-Month Distribution Rate (as of 8/31/2022)80.28%
Index Yield (as of 8/31/2022)91.38%
Fund Characteristics (as of 8/31/2022)11
Maximum Market Cap.$2,526,644
Median Market Cap.$4,958
Minimum Market Cap.$558
Price/Cash Flow11.00
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 201 33 48 43
Days Traded at Discount 51 29 14 20
Top Sector Exposure (as of 9/29/2022)
Health Care 17.24%
Industrials 16.57%
Information Technology 16.55%
Energy 10.61%
Consumer Discretionary 10.35%
Financials 8.27%
Real Estate 6.06%
Consumer Staples 5.46%
Materials 4.12%
Communication Services 2.96%
Utilities 1.81%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *