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First Trust Small Cap Value AlphaDEX® Fund (FYT)
Investment Objective/Strategy - The First Trust Small 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 the Fund's fees and expenses, of an equity index called the NASDAQ AlphaDEX® Small Cap Value Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NASDAQ AlphaDEX® Small 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 700 Small Cap Value Index that meet certain criteria.
  • Nasdaq constructs the NASDAQ AlphaDEX® Small Cap Value Index by ranking the eligible stocks from the NASDAQ US 700 Small 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 262 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
TickerFYT
Fund TypeSmall Cap Value
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33737M409
ISINUS33737M4096
Intraday NAVFYTIV
Fiscal Year-End07/31
ExchangeNasdaq
Inception4/19/2011
Inception Price$19.97
Inception NAV$19.97
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 10/25/2021)
Closing NAV1$52.79
Closing Market Price2$52.85
Bid/Ask Midpoint$52.79
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.12%
Total Net Assets$221,729,418
Outstanding Shares4,200,002
Daily Volume14,286
Average 30-Day Daily Volume40,197
Closing Market Price 52-Week High/Low$53.68 / $31.42
Closing NAV 52-Week High/Low$53.61 / $31.45
Number of Holdings (excluding cash)262
Top Holdings (as of 10/25/2021)*
Holding Percent
Encore Wire Corporation 0.75%
Genworth Financial, Inc. 0.72%
Tri Pointe Homes, Inc. 0.71%
Whiting Petroleum Corporation 0.71%
American Equity Investment Life Holding Company 0.70%
Oasis Petroleum Inc. 0.70%
Stewart Information Services Corporation 0.69%
Primoris Services Corporation 0.68%
Realogy Holdings Corp. 0.68%
Boise Cascade Company 0.67%

* 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$0.1563
30-Day SEC Yield (as of 9/30/2021)51.37%
12-Month Distribution Rate (as of 9/30/2021)61.05%
Index Yield (as of 9/30/2021)72.19%
Fund Characteristics (as of 9/30/2021)9
Maximum Market Cap.$9,145
Median Market Cap.$2,437
Minimum Market Cap.$833
Price/Earnings9.81
Price/Book1.23
Price/Cash Flow6.89
Price/Sales0.93
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 137 40 52 5
Days Traded at Discount 116 21 11 59
Top Sector Exposure (as of 10/25/2021)
Financials 30.74%
Industrials 18.26%
Consumer Discretionary 13.92%
Information Technology 5.60%
Real Estate 5.55%
Energy 5.02%
Materials 4.99%
Utilities 4.79%
Consumer Staples 4.52%
Communication Services 4.09%
Health Care 2.52%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *