FYX
First Trust Small Cap Core AlphaDEX Fund
📎 Investment Objective
The First Trust Small Cap Core AlphaDEX Fund (FYX) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ AlphaDEX® Small Cap Core Index.
Overview
ETF tracking First Trust Small Cap Core AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Small Cap Core AlphaDEX Fund (FYX) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ AlphaDEX® Small Cap Core Index.
🎯 Investment Strategy
The fund employs an 'indexing' investment approach, by investing primarily in the securities that make up the NASDAQ AlphaDEX® Small Cap Core Index. This index is designed to select small-capitalization stocks that the index provider believes have the greatest potential for capital appreciation.
✨ Key Features
- Focuses on small-cap stocks with potential for capital appreciation
- Uses the AlphaDEX® methodology to select and weight securities
- Diversified portfolio of small-cap stocks across multiple sectors
- Passively managed to track the NASDAQ AlphaDEX® Small Cap Core Index
⚠️ Primary Risks
- Risks associated with investing in small-cap stocks, including higher volatility and lower liquidity
- Potential for underperformance compared to the broader small-cap market
- Concentration risk as the fund is not fully diversified across all sectors
- Tracking error risk as the fund may not perfectly replicate the index performance
👤 Best For
The First Trust Small Cap Core AlphaDEX Fund may be suitable for investors seeking exposure to small-cap stocks with the potential for capital appreciation, as part of a diversified portfolio. Investors should have a higher risk tolerance and a longer-term investment horizon to accommodate the volatility associated with small-cap stocks.