FYC
First Trust Small Cap Growth AlphaDEX Fund
📎 Investment Objective
The First Trust Small Cap Growth AlphaDEX Fund (FYC) seeks to provide 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.
Overview
ETF tracking First Trust Small Cap Growth AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Small Cap Growth AlphaDEX Fund (FYC) seeks to provide 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.
🎯 Investment Strategy
The fund uses an 'AlphaDEX' stock selection methodology to identify small-cap growth stocks that the index provider believes have the greatest potential for capital appreciation. The fund will normally invest at least 90% of its net assets in the stocks that comprise the underlying index.
✨ Key Features
- Focuses on small-cap growth stocks that exhibit certain growth and value characteristics
- Uses a proprietary stock selection methodology to identify stocks with the greatest potential for capital appreciation
- Diversified portfolio of small-cap stocks across various sectors
- Passively managed to track the NASDAQ AlphaDEX® Small Cap Growth Index
⚠️ Primary Risks
- Equity market risk: The value of the stocks in the portfolio may decline due to general market and economic conditions
- Small-cap risk: Smaller companies may have less liquidity and greater price volatility than larger companies
- Style risk: The fund's focus on growth stocks may underperform value or other investment styles
- Tracking error risk: The fund may not perfectly track the underlying index
👤 Best For
The First Trust Small Cap Growth AlphaDEX Fund may be suitable for investors seeking exposure to a diversified portfolio of small-cap growth stocks with the potential for capital appreciation. Investors should have a higher risk tolerance and a longer-term investment horizon to accommodate the increased volatility associated with small-cap stocks.