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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
234.7 M
ASSETS UNDER MGMT
64 bp
EXPENSES
Fund Basics
Fund sponsor | First Trust Advisors LP |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 08, 2007 |
Assets (mns) | $235 |
Expense ratio | 64 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 +
APPLOVIN CORP. CLASS A | 1.0 % |
PALANTIR TECHNOLOGIES INC. CLASS A | 0.7 % |
AXON ENTERPRISE INC | 0.7 % |
CAVA GROUP, INC. | 0.6 % |
CARVANA CO. CLASS A | 0.6 % |
TARGA RESOURCES CORP | 0.6 % |
ROYAL CARIBBEAN CRUISES LTD | 0.6 % |
VISTRA ENERGY CORP. | 0.5 % |
ROBINHOOD MARKETS, INC. CLASS A | 0.5 % |
VERTIV HOLDINGS CO. CLASS A | 0.5 % |
Constituent Breakdown
Number of holdings | 677 |
Herfindahl-Hirschman Index | 25 |
Wgt avg mkt cap (mns) | $71,576 |
Large cap (>$10bn) | 59.4% |
Mid cap ($2-10bn) | 32.9% |
Small cap (<$2bn) | 7.1% |
Developed mkts. | 99.6% |
Emerging mkts. | 0.4% |
Country Exposure
UNITED STATES | 96.0 % | |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 33.9% | 44.3% | 22.2% | 7.3% | 14.9% | 12.4% | 10.1% | Volatility | 16.2% | 16.3% | 17.0% | 20.7% | 24.3% | 20.4% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.15 | 86% |
MSCI EAFE | 0.96 | 59% |
MSCI Emg Mkts | 0.64 | 27% |
Liquidity Measures
Avg. volume (000) | 5 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.20% |
ADV of underlying (mns) | $208,694 |
Technical Indicators
Recent close | $146.67 |
30d moving avg. | $134.60 |
Annualized volatility | 21.7% |
Relative strength (RSI) | 55 |
Short interest (ETF) | 0.1% |
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 | 49.8% | -5 bp | +0.6% |
FEX | First Trust Large Cap Core AlphaDEX Fund | 43.3% | -5 bp | +3.7% |
BFOR | ALPS Barron's 400 ETF | 33.9% | +1 bp | +3.8% |
VB | Vanguard Small-Cap ETF | 31.8% | -59 bp | +3.0% |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 31.3% | -44 bp | +4.9% |
VXF | Vanguard Extended Market ETF | 31.3% | -58 bp | +1.5% |
ISCG | iShares Morningstar Small-Cap Growth ETF | 30.0% | -58 bp | +0.4% |
CFA | VictoryShares US 500 Volatility Wtd ETF | 29.8% | -29 bp | +3.7% |
CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 29.8% | -24 bp | +3.7% |
IWR | iShares Russell Midcap ETF | 29.8% | -45 bp | +3.5% |
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
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 12/9/2024
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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
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 Rating
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.
ALTAR Score™
FAD
1.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 978 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.5%. FAD's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places FAD in the 7th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FADSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
FAD (64 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FAD | 64.0 | 19.8 | 83.8 |
Peer Avg. | 29.9 | 13.9 | 43.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .