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First Trust Large Cap Value AlphaDEX® Fund (FTA)
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
Fund TypeLarge Cap Value
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 12/1/2022
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 2/6/2023)
Closing NAV1$71.68
Closing Market Price2$71.66
Bid/Ask Midpoint$71.68
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$1,308,143,888
Outstanding Shares18,250,002
Daily Volume71,894
Average 30-Day Daily Volume99,802
Closing Market Price 52-Week High/Low$73.30 / $57.68
Closing NAV 52-Week High/Low$73.28 / $57.63
Number of Holdings (excluding cash)187
Top Holdings (as of 2/6/2023)*
Holding Percent
Meta Platforms Inc. (Class A) 1.27%
Paramount Global (Class B) 1.17%
Western Digital Corporation 1.10%
Capital One Financial Corporation 1.04%
Steel Dynamics, Inc. 1.04%
General Motors Company 1.01%
Stanley Black & Decker, Inc. 1.01%
FedEx Corporation 1.00%
Franklin Resources, Inc. 1.00%
The Carlyle Group Inc. 1.00%

* 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 2/7/2023)4$0.5323
30-Day SEC Yield (as of 12/30/2022)52.07%
Unsubsidized 30-Day SEC Yield (as of 12/30/2022)62.07%
12-Month Distribution Rate (as of 12/30/2022)72.15%
Index Yield (as of 12/30/2022)82.85%
Fund Characteristics (as of 1/31/2023)10
Maximum Market Cap.$410,531
Median Market Cap.$29,648
Minimum Market Cap.$10,475
Price/Cash Flow7.86
Bid/Ask Premium/Discount (as of 2/6/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 165 5 --- ---
Days Traded at Discount 86 19 --- ---
Top Sector Exposure (as of 2/6/2023)
Financials 21.95%
Industrials 12.00%
Materials 11.14%
Information Technology 11.07%
Utilities 10.42%
Consumer Discretionary 8.70%
Communication Services 7.72%
Health Care 6.11%
Consumer Staples 5.89%
Real Estate 3.40%
Energy 1.60%
Hypothetical Growth of $10,000 Since Inception (as of 2/6/2023) *