FAD
First Trust Multi Cap Growth AlphaDEX Fund
First Trust Multi Cap Growth AlphaDEX Fund seeks investment results that correspond to the Defined Multi Cap Growth Index.
Fund Basics
Fund sponsor | First Trust Advisors LP |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | May 08, 2007 |
Assets (mns) | $162 |
Expense ratio | 63 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 +
DRAFTKINGS INC CLASS A | 0.6 % |
DECKERS OUTDOOR CORP | 0.5 % |
ADOBE SYSTEMS INC | 0.5 % |
UBER TECHNOLOGIES, INC. | 0.5 % |
DOORDASH, INC. CLASS A | 0.5 % |
PULTE HOMES INC | 0.5 % |
ARISTA NETWORKS, INC. | 0.5 % |
HILTON WORLDWIDE HOLDINGS, INC. | 0.5 % |
ROYAL CARIBBEAN CRUISES LTD | 0.5 % |
META PLATFORMS INC | 0.5 % |
Constituent Breakdown
Number of holdings | 677 |
Herfindahl-Hirschman Index | 24 |
Wgt avg mkt cap (mns) | $52,076 |
Large cap (>$10bn) | 55.1% |
Mid cap ($2-10bn) | 33.7% |
Small cap (<$2bn) | 11.2% |
Developed mkts. | 99.7% |
Emerging mkts. | 0.3% |
Country Exposure
UNITED STATES | 95.3 % | |
IRELAND | 1.6 % | |
BERMUDA | 0.9 % | |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
10.6% | 3.5% | -7.4% | 2.9% | 9.3% | 9.5% | 8.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.07 | 83% |
MSCI EAFE | 0.97 | 63% |
MSCI Emg Mkts | 0.68 | 34% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.20% |
ADV of underlying (mns) | $82,881 |
Technical Indicators
Recent close | $104.39 |
30d moving avg. | $97.77 |
Annualized volatility | 20.7% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 1.4% |
Short interest (underlying) | 5.1% |
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. FAD |
Expenses vs. FAD |
ALTAR Score™ vs. FAD |
---|---|---|---|---|
FTC | First Trust Large Cap Growth AlphaDEX Fund | 51.3% | -4 bp | +0.9% |
FEX | First Trust Large Cap Core AlphaDEX Fund | 45.1% | -4 bp | +3.5% |
VFMO | Vanguard U.S. Momentum Factor ETF | 41.6% | -50 bp | +0.1% |
CFA | VictoryShares US 500 Volatility Weighted Index ETF | 38.9% | -28 bp | +3.7% |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 35.0% | -34 bp | +4.1% |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 32.7% | -43 bp | +4.8% |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 32.5% | -54 bp | +4.0% |
SIZE | iShares MSCI USA Size Factor ETF | 32.1% | -48 bp | +3.8% |
BFOR | Barron's 400 ETF | 32.0% | +2 bp | +5.2% |
JMOM | JPMorgan U.S. Momentum Factor ETF | 31.4% | -51 bp | +2.8% |
Risk and Returns: FAD 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
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
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
2022 | 2023E | Fwd Est | 2024E | |
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 11/30/2023
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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
FAD
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™
FAD
2.6%
Cat. Avg
6.1%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 2.6% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.1%. FAD's ALTAR Score™ is approximately
1.1 standard deviations
below
the category average. This places FAD in the 13rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FAD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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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) |
|
---|---|---|---|
FAD | 63.0 | 20.2 | 83.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .