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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
TickerTUSA
Fund TypeGrowth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33733E708
ISINUS33733E7085
Intraday NAVTUSAIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception12/5/2006
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 5/12/2021)
Closing NAV1$46.13
Closing Market Price2$45.92
Bid/Ask Midpoint$46.10
Bid/Ask Discount0.08%
30-Day Median Bid/Ask Spread30.49%
Total Net Assets$20,758,906
Outstanding Shares450,002
Daily Volume349
Average 30-Day Daily Volume3,676
Closing Market Price 52-Week High/Low$48.27 / $26.90
Closing NAV 52-Week High/Low$48.36 / $26.97
Number of Holdings (excluding cash)1200
Top Holdings (as of 5/12/2021)*
Holding Percent
Freeport-McMoRan Inc. (Class B) 0.53%
Moderna, Inc. 0.48%
The Allstate Corporation 0.48%
Berkshire Hathaway Inc. (Class B) 0.46%
CVS Health Corporation 0.46%
Newmont Corporation 0.46%
SVB Financial Group 0.46%
The Progressive Corporation 0.45%
Aflac Incorporated 0.44%
Cigna Corporation 0.44%

* 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 5/13/2021)4$0.0817
30-Day SEC Yield (as of 4/30/2021)50.78%
Unsubsidized 30-Day SEC Yield (as of 4/30/2021)60.47%
12-Month Distribution Rate (as of 4/30/2021)70.80%
Index Yield (as of 4/30/2021)81.32%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the 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 4/30/2021)10
Maximum Market Cap.$1,649,289
Median Market Cap.$5,161
Minimum Market Cap.$562
Price/Earnings18.49
Price/Book2.40
Price/Cash Flow12.01
Price/Sales1.57
Bid/Ask Premium/Discount (as of 5/12/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 31 37 15 ---
Days Traded at Discount 222 24 14 ---
Top Sector Exposure (as of 5/12/2021)
Financials 20.48%
Consumer Discretionary 13.37%
Industrials 12.85%
Information Technology 11.80%
Health Care 10.76%
Utilities 8.12%
Consumer Staples 6.12%
Materials 5.18%
Communication Services 4.78%
Real Estate 4.61%
Energy 1.93%
Hypothetical Growth of $10,000 Since Inception (as of 5/12/2021) *