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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.
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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.
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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.
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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.
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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".
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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.
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The index is reconstituted and rebalanced quarterly.
Ticker | TUSA |
Fund Type | Growth |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33733E708 |
ISIN | US33733E7085 |
Intraday NAV | TUSAIV |
Fiscal Year-End | 12/31 |
Exchange | Nasdaq |
Inception | 12/5/2006 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Rebalance Frequency | Quarterly |
Gross Expense Ratio* | 1.02% |
Net Expense Ratio* | 0.70% |
* As of 5/1/2020
Expenses are capped contractually at 0.70% per year, at least until April 30, 2021.
Closing NAV1 | $44.10 |
Closing Market Price2 | $44.15 |
Bid/Ask Midpoint | $44.06 |
Bid/Ask Discount | 0.10% |
30-Day Median Bid/Ask Spread3 | 0.54% |
Total Net Assets | $17,638,827 |
Outstanding Shares | 400,002 |
Daily Volume | 546 |
Average 30-Day Daily Volume | 1,254 |
Closing Market Price 52-Week High/Low | $45.72 / $21.23 |
Closing NAV 52-Week High/Low | $45.56 / $21.19 |
Number of Holdings (excluding cash) | 1200 |
Holding |
Percent |
Moderna, Inc. |
0.57% |
Snap Inc. (Class A) |
0.51% |
Freeport-McMoRan Inc. (Class B) |
0.50% |
Zillow Group, Inc. (Class C) |
0.48% |
Intel Corporation |
0.47% |
Pinterest, Inc (Class A) |
0.47% |
Lam Research Corporation |
0.46% |
Roku, Inc. |
0.46% |
Twilio Inc. (Class A) |
0.45% |
Fox Corporation (Class A) |
0.44% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $2,035,725 |
Median Market Cap. | $5,407 |
Minimum Market Cap. | $715 |
Price/Earnings | 19.15 |
Price/Book | 2.44 |
Price/Cash Flow | 12.06 |
Price/Sales | 1.60 |
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2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
31 |
32 |
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Days Traded at Discount |
222 |
6 |
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Information Technology
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19.42%
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Financials
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17.62%
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Health Care
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12.22%
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Consumer Discretionary
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12.11%
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Industrials
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9.44%
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Communication Services
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7.09%
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Utilities
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6.11%
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Consumer Staples
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4.64%
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Materials
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4.24%
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Real Estate
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4.22%
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Energy
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2.89%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
TUSA |
24.66% |
-5.58 |
1.22 |
0.37 |
0.97 |
Russell 3000® Index |
19.57% |
--- |
1.00 |
0.61 |
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.
Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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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.
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