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First Trust Large Cap Core AlphaDEX® Fund (FEX)
Investment Objective/Strategy - The First Trust Large Cap Core 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® Large Cap Core Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NASDAQ AlphaDEX® Large Cap Core Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Index that meet certain criteria.
  • Nasdaq constructs the NASDAQ AlphaDEX® Large Cap Core Index by ranking the eligible stocks from the NASDAQ US 500 Large Cap 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 375 stocks 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 and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeLarge Cap Core
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*0.59%
Net Expense Ratio*0.59%
* As of 12/1/2020
Expenses are capped contractually at 0.70% per year, at least until November 30, 2021.
Current Fund Data (as of 10/25/2021)
Closing NAV1$90.98
Closing Market Price2$90.92
Bid/Ask Midpoint$91.00
Bid/Ask Premium0.02%
30-Day Median Bid/Ask Spread30.05%
Total Net Assets$1,214,605,627
Outstanding Shares13,350,002
Daily Volume20,594
Average 30-Day Daily Volume32,288
Closing Market Price 52-Week High/Low$90.92 / $62.92
Closing NAV 52-Week High/Low$90.98 / $62.89
Number of Holdings (excluding cash)375
Top Holdings (as of 10/25/2021)*
Holding Percent
Cloudflare, Inc. (Class A) 0.70%
KKR & Co. Inc. (Class A) 0.51%
Blackstone Inc. 0.50%
PG&E Corporation 0.50%
EOG Resources, Inc. 0.49%
HubSpot, Inc. 0.49%
The Carlyle Group Inc. 0.49%
Zscaler, Inc. 0.49%
eBay Inc. 0.48%
SVB Financial Group 0.48%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 10/26/2021)4$0.2002
30-Day SEC Yield (as of 9/30/2021)50.94%
Unsubsidized 30-Day SEC Yield (as of 9/30/2021)60.94%
12-Month Distribution Rate (as of 9/30/2021)70.83%
Index Yield (as of 9/30/2021)81.62%
Fund Characteristics (as of 9/30/2021)10
Maximum Market Cap.$2,339,018
Median Market Cap.$36,099
Minimum Market Cap.$11,767
Price/Cash Flow12.31
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 24 20 33 12
Days Traded at Discount 229 41 30 52
Top Sector Exposure (as of 10/25/2021)
Information Technology 18.87%
Financials 18.09%
Health Care 15.00%
Consumer Discretionary 10.57%
Industrials 10.52%
Utilities 6.93%
Materials 5.16%
Consumer Staples 4.20%
Communication Services 4.14%
Energy 3.56%
Real Estate 2.96%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *