FAB
First Trust Multi Cap Value AlphaDEX Fund
First Trust Multi Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Multi Cap Value Index.
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $151 |
| Expense ratio | 67 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MARATHON PETROLEUM | 0.5 % |
| VALERO ENERGY CORP | 0.5 % |
| OCCIDENTAL PETROLEUM CORP | 0.5 % |
| EOG RESOURCES, INC. | 0.5 % |
| DEVON ENERGY CORPORATION | 0.5 % |
| BUNGE GLOBAL SA | 0.5 % |
| CONOCOPHILLIPS | 0.5 % |
| MARATHON OIL CORP | 0.5 % |
| PHILLIPS 66 | 0.5 % |
| EXXON MOBIL CORP | 0.5 % |
Constituent Breakdown
| Number of holdings | 675 |
| Herfindahl-Hirschman Index | 24 |
| Wgt avg mkt cap (mns) | $39,184 |
| Large cap (>$10bn) | 56.1% |
| Mid cap ($2-10bn) | 34.3% |
| Small cap (<$2bn) | 9.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.2 % |
 |
BERMUDA | 2.3 % |
 |
IRELAND | 1.1 % |
 |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.2% | 21.6% | 7.6% | 8.3% | 11.1% | 8.0% | 8.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 70% |
| MSCI EAFE | 1.04 | 77% |
| MSCI Emg Mkts | 0.76 | 45% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $94,289 |
Technical Indicators
| Recent close | $77.31 |
| 30d moving avg. | $71.90 |
| Annualized volatility | 20.2% |
| Relative strength (RSI) | 69 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FAB |
Expenses vs. FAB |
ALTAR Score™ vs. FAB |
|---|---|---|---|---|
| FTA | First Trust Large Cap Value AlphaDEX Fund | 49.7% | -8 bp | -1.1% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 49.0% | -8 bp | -3.8% |
| VFVA | Vanguard U.S. Value Factor ETF | 44.6% | -54 bp | +1.4% |
| DFUV | Dimensional US Marketwide Value ETF | 36.3% | -45 bp | -1.7% |
| STXV | Strive 1000 Value ETF | 34.9% | -49 bp | -1.5% |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 34.5% | -47 bp | -3.4% |
| GVLU | Gotham 1000 Value ETF | 33.8% | -17 bp | -1.9% |
| PRF | Invesco FTSE RAFI US 1000 ETF | 33.3% | -28 bp | -2.1% |
| ISCV | iShares Morningstar Small Cap Value ETF | 33.1% | -61 bp | -1.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 32.9% | -47 bp | -3.2% |
Risk and Returns: FAB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/17/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FAB
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FAB
9.5%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.5% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. FAB's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places FAB in the 90th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FAB
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FAB | 67.0 | 17.4 | 84.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .