First Trust Large Cap Value AlphaDEX® Fund (FTA)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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.
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 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 12/1/2022
Expenses are capped contractually at 0.70% per year, at least through November 30, 2023. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 12/2/2022)
Closing NAV1$69.14
Closing Market Price2$69.14
Bid/Ask Midpoint$69.16
Bid/Ask Premium0.02%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$1,320,605,095
Outstanding Shares19,100,002
Daily Volume185,853
Average 30-Day Daily Volume111,224
Closing Market Price 52-Week High/Low$72.65 / $57.68
Closing NAV 52-Week High/Low$72.64 / $57.63
Number of Holdings (excluding cash)187
Top Holdings (as of 12/1/2022)*
Holding Percent
Moderna, Inc. 1.16%
Steel Dynamics, Inc. 1.12%
Hewlett Packard Enterprise Company 1.06%
DuPont de Nemours Inc. 1.05%
Phillips 66 1.01%
American International Group, Inc. 1.00%
Walgreens Boots Alliance, Inc. 0.99%
D.R. Horton, Inc. 0.97%
Franklin Resources, Inc. 0.96%
Synchrony Financial 0.96%

* 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 12/5/2022)4$0.3428
30-Day SEC Yield (as of 10/31/2022)52.12%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)62.12%
12-Month Distribution Rate (as of 10/31/2022)71.92%
Index Yield (as of 10/31/2022)82.86%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$701,455
Median Market Cap.$28,498
Minimum Market Cap.$10,389
Price/Earnings10.69
Price/Book1.86
Price/Cash Flow7.34
Price/Sales1.04
Bid/Ask Premium/Discount (as of 12/2/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 216 41 40 38
Days Traded at Discount 36 21 22 26
Top Sector Exposure (as of 12/1/2022)
Financials 23.42%
Industrials 11.15%
Information Technology 10.96%
Materials 10.44%
Utilities 9.45%
Consumer Discretionary 9.20%
Consumer Staples 7.61%
Health Care 7.06%
Communication Services 6.57%
Real Estate 2.21%
Energy 1.93%
Hypothetical Growth of $10,000 Since Inception (as of 12/1/2022) *