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First Trust Total US Market AlphaDEX® ETF (TUSA)
Investment Objective/Strategy - The First Trust Total US Market AlphaDEX® ETF is an exchange-traded index fund. The 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® Total US Market Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NASDAQ AlphaDEX® Total US Market Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks that meet certain criteria from three indices - the NASDAQ US Large Cap Index, the NASDAQ US Mid Cap Index and the NASDAQ US Small Cap Index.
  • Nasdaq constructs the NASDAQ AlphaDEX® Total US Market Index by ranking the eligible stocks within the three indices 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 within each size class (Large, Mid, or Small) 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.
  • Nasdaq classifies each stock as either a value stock or a growth stock and each stock receives its style rank from the previous step as its selection score.
  • The top 200 stocks from the NASDAQ US Large Cap Index (50% of the total portfolio), the top 400 stocks from the NASDAQ US Mid Cap Index (30% of the total portfolio) and the top 600 stocks from the NASDAQ US Small Cap Index (20% of the total portfolio) based on the selection score determined in the previous step comprise the "selected stocks".
  • The selected stocks are divided into quintiles within their size class based on their rankings and the top ranked quintiles receive a higher weight within each sub-portfolio (Large, Mid, and Small). Within each sub-portfolio, stocks are equally weighted within each quintile.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeGrowth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*1.16%
Net Expense Ratio*0.70%
* As of 5/3/2021
Expenses are capped contractually at 0.70% per year, at least until April 30, 2022.
Current Fund Data (as of 1/19/2022)
Closing NAV1$47.90
Closing Market Price2$47.98
Bid/Ask Midpoint$47.99
Bid/Ask Premium0.18%
30-Day Median Bid/Ask Spread30.48%
Total Net Assets$23,949,024
Outstanding Shares500,002
Daily Volume830
Average 30-Day Daily Volume2,087
Closing Market Price 52-Week High/Low$51.86 / $41.72
Closing NAV 52-Week High/Low$51.72 / $41.63
Number of Holdings (excluding cash)1200
Top Holdings (as of 1/19/2022)*
Holding Percent
EOG Resources, Inc. 0.51%
ViacomCBS Inc. 0.50%
Fox Corporation (Class A) 0.47%
LyondellBasell Industries N.V. 0.47%
Berkshire Hathaway Inc. (Class B) 0.46%
Dow Inc. 0.46%
Freeport-McMoRan Inc. 0.46%
Hewlett Packard Enterprise Company 0.46%
Tyson Foods, Inc. (Class A) 0.46%
Capital One Financial Corporation 0.45%

* 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 1/20/2022)4$0.0880
30-Day SEC Yield (as of 12/31/2021)50.73%
Unsubsidized 30-Day SEC Yield (as of 12/31/2021)60.09%
12-Month Distribution Rate (as of 12/31/2021)70.72%
Index Yield (as of 12/31/2021)81.23%
Fund Characteristics (as of 12/31/2021)10
Maximum Market Cap.$2,913,284
Median Market Cap.$5,117
Minimum Market Cap.$230
Price/Cash Flow9.17
Bid/Ask Premium/Discount (as of 1/19/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 200 10 --- ---
Days Traded at Discount 52 2 --- ---
Top Sector Exposure (as of 1/19/2022)
Financials 21.09%
Information Technology 15.09%
Consumer Discretionary 12.48%
Industrials 11.79%
Health Care 9.19%
Materials 6.95%
Energy 5.59%
Real Estate 5.06%
Communication Services 4.41%
Utilities 4.30%
Consumer Staples 4.05%
Hypothetical Growth of $10,000 Since Inception (as of 1/19/2022) *