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 Growth AlphaDEX® Fund (FYC)
  • 2020 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust Small 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 the Fund's fees and expenses, of an equity index called the NASDAQ AlphaDEX® Small Cap Growth Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NASDAQ AlphaDEX® Small Cap Growth 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 Growth 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. Only those stocks designated as growth 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
TickerFYC
Fund TypeSmall Cap Growth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33737M300
ISINUS33737M3007
Intraday NAVFYCIV
Fiscal Year-End07/31
ExchangeNasdaq
Inception4/19/2011
Inception Price$20.08
Inception NAV$20.08
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 11/20/2020)
Closing NAV1$54.00
Closing Market Price2$54.01
Bid/Ask Midpoint$53.99
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.21%
Total Net Assets$188,995,051
Outstanding Shares3,500,002
Daily Volume14,262
Average 30-Day Daily Volume28,275
Closing Market Price 52-Week High/Low$54.01 / $27.59
Closing NAV 52-Week High/Low$54.00 / $27.73
Number of Holdings (excluding cash)262
Top Holdings (as of 11/20/2020)*
Holding Percent
Cerence Inc. 0.96%
Endurance International Group Holdings, Inc. 0.91%
Upwork Inc. 0.91%
Appian Corporation 0.86%
Twist Bioscience Corporation 0.85%
Altra Industrial Motion Corp. 0.81%
Plug Power Inc. 0.81%
Crocs, Inc. 0.80%
Forterra, Inc. 0.80%
Sleep Number Corporation 0.78%

* 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 11/24/2020)4$0.0116
30-Day SEC Yield (as of 10/30/2020)50.15%
12-Month Distribution Rate (as of 10/30/2020)60.33%
Index Yield (as of 10/30/2020)70.84%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 10/30/2020)8
Maximum Market Cap.$5,410
Median Market Cap.$1,569
Minimum Market Cap.$373
Price/Book2.96
Price/Sales0.80
Bid/Ask Premium/Discount (as of 11/20/2020)
  2019 Q1 2020 Q2 2020 Q3 2020
Days Traded at Premium 45 2 13 51
Days Traded at Discount 207 60 50 13
Top Sector Exposure (as of 11/20/2020)
Health Care 26.72%
Information Technology 17.26%
Consumer Discretionary 15.02%
Industrials 13.55%
Financials 10.59%
Real Estate 5.68%
Consumer Staples 3.16%
Materials 3.03%
Communication Services 2.65%
Energy 1.33%
Utilities 1.01%
Month End Performance (as of 10/30/2020)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception9
Fund Performance *
Net Asset Value (NAV) 5.97% 0.82% 5.70% 4.27% 9.02% N/A 9.54%
After Tax Held 5.95% 0.81% 5.55% 4.19% 8.92% N/A 9.47%
After Tax Sold 3.53% 0.48% 3.37% 3.25% 7.08% N/A 7.80%
Market Price 6.10% 0.99% 5.85% 4.33% 9.05% N/A 9.56%
Index Performance **
Nasdaq AlphaDEX® Small Cap Growth Index 6.30% 1.59% 6.64% 5.08% N/A N/A N/A
Nasdaq US 700 Small Cap Growth Index 4.62% 3.65% 10.57% 7.18% N/A N/A N/A
S&P SmallCap 600 Growth Index 0.32% -6.36% -0.25% 3.74% 8.42% N/A 10.39%
Quarter End Performance (as of 9/30/2020)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception9
Fund Performance *
Net Asset Value (NAV) 11.37% 1.10% 7.92% 4.89% 10.35% N/A 9.66%
After Tax Held 11.36% 1.08% 7.77% 4.80% 10.25% N/A 9.59%
After Tax Sold 6.73% 0.65% 4.69% 3.73% 8.18% N/A 7.90%
Market Price 11.32% 1.12% 7.92% 4.87% 10.35% N/A 9.66%
Index Performance **
Nasdaq AlphaDEX® Small Cap Growth Index 11.72% 1.79% 8.91% 5.74% N/A N/A N/A
Nasdaq US 700 Small Cap Growth Index 7.67% 2.93% 13.46% 7.03% N/A N/A N/A
S&P SmallCap 600 Growth Index 4.13% -7.88% 0.08% 3.61% 9.27% N/A 10.30%
3-Year Statistics (as of 10/30/2020)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
FYC 24.18% 0.74 1.06 0.22 0.97
S&P SmallCap 600 Growth Index 22.05% --- 1.00 0.20 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for trading as of the time that the fund’s NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the Nasdaq AlphaDEX® Small Cap Growth Index is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

On April 8, 2016, the fund's underlying index changed from the Defined Small Cap Growth Index to the NASDAQ AlphaDEX® Small Cap Growth Index. Therefore, the fund's performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the fund, based on its current index, would have generated.

Nasdaq US 700 Small Cap Growth Index - The Index is a float modified market capitalization weighted index that includes growth securities from the NASDAQ US 700 Small Cap Index.

S&P SmallCap 600 Growth Index - The Index contains those stocks with growth characteristics from the 600 stocks used to measure small cap U.S. stock market performance.

Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
7 Index yield represents the weighted average trailing 12-month dividend of the constituents of the Nasdaq AlphaDEX® Small Cap Growth Index.
8 All market capitalization numbers are in USD$ Millions.
9 Inception Date is 4/19/2011

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the Nasdaq AlphaDEX® Small Cap Growth Index.  Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from the fund by authorized participants, in very large creation/redemption units. If the fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular security owned by the fund, fund shares or securities in general may fall in value. There can be no assurance that the fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. The COVID-19 pandemic may last for an extended period of time, and will continue to impact the economy for the foreseeable future.

The fund may invest in securities issued by companies concentrated in a particular industry. The fund invests in small capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

Nasdaq® and NASDAQ AlphaDEX® Small Cap Growth Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. AlphaDEX® is a registered trademark owned by First Trust that has been licensed to Nasdaq, Inc. for use in the name of the Index. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

"AlphaDEX®" is a registered trademark of First Trust Portfolios L.P. First Trust Portfolios L.P. has obtained a patent for the AlphaDEX® stock selection methodology from the United States Patent and Trademark Office.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.