Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
First Trust Small Cap Core AlphaDEX® Fund (FYX)
Investment Objective/Strategy - The First Trust Small Cap Core 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® Small Cap Core Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NASDAQ AlphaDEX® Small Cap Core 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 Index that meet certain criteria.
  • Nasdaq constructs the NASDAQ AlphaDEX® Small Cap Core Index by ranking the eligible stocks from the NASDAQ US 700 Small Cap 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.
  • The top 525 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 TypeSmall Cap Core
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*0.61%
Net Expense Ratio*0.61%
* 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$96.60
Closing Market Price2$96.78
Bid/Ask Midpoint$96.67
Bid/Ask Premium0.07%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$961,129,404
Outstanding Shares9,950,002
Daily Volume15,504
Average 30-Day Daily Volume45,058
Closing Market Price 52-Week High/Low$96.78 / $59.06
Closing NAV 52-Week High/Low$96.60 / $59.16
Number of Holdings (excluding cash)525
Top Holdings (as of 10/25/2021)*
Holding Percent
Dillard's, Inc. (Class A) 0.41%
Mueller Industries, Inc. 0.38%
Encore Wire Corporation 0.37%
SM Energy Company 0.37%
Piper Sandler Companies 0.36%
Agiliti, Inc. 0.35%
Denbury Inc. 0.35%
Genworth Financial, Inc. 0.35%
Matador Resources Company 0.35%
Moelis & Company (Class A) 0.35%

* 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$0.1826
30-Day SEC Yield (as of 9/30/2021)50.88%
Unsubsidized 30-Day SEC Yield (as of 9/30/2021)60.88%
12-Month Distribution Rate (as of 9/30/2021)70.74%
Index Yield (as of 9/30/2021)81.60%
Fund Characteristics (as of 9/30/2021)10
Maximum Market Cap.$16,350
Median Market Cap.$2,491
Minimum Market Cap.$612
Price/Cash Flow8.58
Bid/Ask Premium/Discount (as of 10/25/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 86 53 44 14
Days Traded at Discount 167 8 19 50
Top Sector Exposure (as of 10/25/2021)
Financials 23.67%
Industrials 15.86%
Consumer Discretionary 13.84%
Information Technology 11.30%
Health Care 8.67%
Real Estate 6.10%
Energy 5.67%
Materials 3.93%
Communication Services 3.81%
Consumer Staples 3.68%
Utilities 3.47%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *