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First Trust Large Cap Growth AlphaDEX® Fund (FTC)
Investment Objective/Strategy - The First Trust Large 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® Large 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 from the Nasdaq US 500 Large Cap Growth Index that meet certain criteria.
  • Nasdaq constructs the Index by ranking the eligible stocks from the Nasdaq US 500 Large Cap Growth 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 growth 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 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*0.59%
Net Expense Ratio*0.59%
* 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$86.44
Closing Market Price2$86.46
Bid/Ask Midpoint$86.44
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.06%
Total Net Assets$829,817,018
Outstanding Shares9,600,002
Daily Volume24,726
Average 30-Day Daily Volume25,762
Closing Market Price 52-Week High/Low$124.09 / $85.37
Closing NAV 52-Week High/Low$124.13 / $85.36
Number of Holdings (excluding cash)186
Top Holdings (as of 9/29/2022)*
Holding Percent
Enphase Energy, Inc. 1.31%
Cheniere Energy, Inc. 1.14%
Regeneron Pharmaceuticals, Inc. 1.08%
ConocoPhillips 1.07%
CF Industries Holdings, Inc. 1.05%
O'Reilly Automotive, Inc. 1.04%
Devon Energy Corporation 1.02%
W.W. Grainger, Inc. 0.99%
Waste Management, Inc. 0.98%
Occidental Petroleum Corporation 0.97%

* 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 9/30/2022)4$0.2845
30-Day SEC Yield (as of 8/31/2022)51.15%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)61.15%
12-Month Distribution Rate (as of 8/31/2022)70.23%
Index Yield (as of 8/31/2022)81.55%
Fund Characteristics (as of 8/31/2022)10
Maximum Market Cap.$2,526,644
Median Market Cap.$37,200
Minimum Market Cap.$3,490
Price/Cash Flow13.85
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 85 8 27 34
Days Traded at Discount 167 54 35 29
Top Sector Exposure (as of 9/29/2022)
Information Technology 19.18%
Health Care 17.17%
Industrials 15.79%
Energy 10.63%
Consumer Discretionary 9.24%
Financials 8.05%
Consumer Staples 6.91%
Real Estate 5.17%
Materials 4.00%
Communication Services 2.77%
Utilities 1.09%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *