FAD

First Trust Multi Cap Growth AlphaDEX Fund

$156.92

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The First Trust Multi Cap Growth AlphaDEX Fund (FAD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX® Multi Cap Growth Index.

Overview

ETF tracking First Trust Multi Cap Growth AlphaDEX Fund

Category Growth

Issuer First Trust

Inception Date 2016-04-08

Market Cap $337.4M

Average Volume N/A

Dividend Yield 0.29%

52-Week Range $114.67 - $166.16

VWAP $157.61

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs an 'AlphaDEX' stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Index. This methodology ranks stocks based on various growth and value factors to identify stocks it believes will outperform the broader market.

✨ Key Features

Actively managed multi-cap growth strategy that aims to outperform the broader market
Utilizes the AlphaDEX stock selection process to identify growth stocks with attractive valuations
Diversified portfolio across large, mid, and small-cap stocks
Expense ratio of 0.00%

⚠️ Primary Risks

Market risk - The value of the fund's holdings may decline due to general market conditions
Equity risk - The fund is subject to the risk that stock prices may fall over short or extended periods
Style risk - The fund's growth investment style may underperform other segments of the market
Concentration risk - The fund may have significant exposure to a limited number of sectors or industries

👤 Best For

This ETF may be suitable for growth-oriented investors seeking exposure to a diversified portfolio of U.S. stocks with the potential for outperformance. However, due to the lack of performance history, investors should carefully consider the risks before investing.