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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 NASDAQ AlphaDEX® Large Cap Value 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 NASDAQ AlphaDEX® Large Cap Value 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
Fund TypeLarge Cap Value
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*0.60%
Net Expense Ratio*0.60%
* 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$68.28
Closing Market Price2$68.29
Bid/Ask Midpoint$68.32
Bid/Ask Premium0.06%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$1,106,137,652
Outstanding Shares16,200,002
Daily Volume67,512
Average 30-Day Daily Volume75,012
Closing Market Price 52-Week High/Low$68.35 / $46.41
Closing NAV 52-Week High/Low$68.31 / $46.41
Number of Holdings (excluding cash)187
Top Holdings (as of 10/25/2021)*
Holding Percent
PG&E Corporation 1.03%
eBay Inc. 0.98%
Celanese Corporation 0.97%
Arch Capital Group Ltd. 0.96%
Markel Corporation 0.95%
Aflac Incorporated 0.93%
General Motors Company 0.93%
American International Group, Inc. 0.92%
Chubb Limited 0.92%
Cincinnati Financial Corporation 0.92%

* 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$0.2839
30-Day SEC Yield (as of 9/30/2021)51.76%
Unsubsidized 30-Day SEC Yield (as of 9/30/2021)61.76%
12-Month Distribution Rate (as of 9/30/2021)71.60%
Index Yield (as of 9/30/2021)82.36%
Fund Characteristics (as of 9/30/2021)10
Maximum Market Cap.$618,228
Median Market Cap.$30,976
Minimum Market Cap.$11,784
Price/Cash Flow8.85
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 114 58 58 37
Days Traded at Discount 139 3 5 27
Top Sector Exposure (as of 10/25/2021)
Financials 24.75%
Utilities 13.31%
Industrials 12.46%
Health Care 9.23%
Consumer Discretionary 9.05%
Information Technology 7.86%
Consumer Staples 7.06%
Materials 6.83%
Communication Services 4.81%
Energy 3.58%
Real Estate 1.06%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *