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First Trust Large Cap Value AlphaDEX® Fund (FTA)
Investment Objective/Strategy - The First Trust Large Cap Value 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 Value 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 from the Nasdaq US 500 Large Cap Value Index that meet certain criteria.
  • Nasdaq constructs the Index by ranking the eligible stocks from the Nasdaq US 500 Large Cap Value 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 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
TickerFTA
Fund TypeLarge Cap Value
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33735J101
ISINUS33735J1016
Intraday NAVFTAIV
Fiscal Year-End07/31
ExchangeNasdaq
Inception5/8/2007
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.59%
Net Expense Ratio*0.59%
* As of 12/1/2021
Expenses are capped contractually at 0.70% per year, at least until November 30, 2022. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 5/20/2022)
Closing NAV1$66.18
Closing Market Price2$66.17
Bid/Ask Midpoint$66.17
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.06%
Total Net Assets$1,164,798,540
Outstanding Shares17,600,002
Daily Volume57,404
Average 30-Day Daily Volume72,218
Closing Market Price 52-Week High/Low$72.65 / $63.72
Closing NAV 52-Week High/Low$72.64 / $63.74
Number of Holdings (excluding cash)187
Top Holdings (as of 5/20/2022)*
Holding Percent
Coterra Energy Inc. 1.10%
Western Digital Corporation 1.10%
AT&T Inc. 1.09%
Exxon Mobil Corporation 1.07%
Dow Inc. 1.03%
LKQ Corporation 1.03%
Celanese Corporation 1.02%
LyondellBasell Industries N.V. 1.01%
International Paper Company 0.99%
Quest Diagnostics Incorporated 0.99%

* 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 5/22/2022)4$0.2681
30-Day SEC Yield (as of 4/29/2022)51.84%
Unsubsidized 30-Day SEC Yield (as of 4/29/2022)61.84%
12-Month Distribution Rate (as of 4/29/2022)71.66%
Index Yield (as of 4/29/2022)82.59%
Fund Characteristics (as of 4/29/2022)10
Maximum Market Cap.$713,407
Median Market Cap.$32,848
Minimum Market Cap.$11,292
Price/Earnings10.63
Price/Book1.72
Price/Cash Flow7.51
Price/Sales1.21
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 216 41 23 ---
Days Traded at Discount 36 21 12 ---
Top Sector Exposure (as of 5/20/2022)
Financials 25.92%
Utilities 10.13%
Information Technology 9.81%
Health Care 9.63%
Consumer Discretionary 9.49%
Materials 8.25%
Industrials 7.75%
Consumer Staples 6.77%
Energy 5.64%
Communication Services 4.57%
Real Estate 2.04%
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *