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 | |
| 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) |
|
|---|---|---|---|
| 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 .