FEX
First Trust Large Cap Core AlphaDEX Fund
First Trust Large Cap Core AlphaDEX Fund seeks investment results that correspond to the Defined Large Cap Core Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.3 B
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $1,295 |
| Expense ratio | 59 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 +
| UNITED CONTINENTAL HOLDINGS | 0.6 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 0.5 % |
| SYNCHRONY FINANCIAL | 0.5 % |
| VERTIV HOLDINGS CO. CLASS A | 0.5 % |
| ROYAL CARIBBEAN CRUISES LTD | 0.5 % |
| SNAP-ON INC | 0.5 % |
| PACCAR INC | 0.5 % |
| APPLOVIN CORP. CLASS A | 0.5 % |
| VISTRA ENERGY CORP. | 0.5 % |
| DELTA AIR LINES INC | 0.5 % |
Constituent Breakdown
| Number of holdings | 376 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $112,509 |
| Large cap (>$10bn) | 98.5% |
| Mid cap ($2-10bn) | 1.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 95.6 % |
 |
IRELAND | 1.8 % |
 |
BERMUDA | 0.8 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.2% | 30.2% | 21.9% | 8.5% | 12.9% | 10.6% | 8.8% | Volatility | 11.1% | 12.3% | 16.8% | 16.8% | 22.1% | 18.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 88% |
| MSCI EAFE | 0.94 | 81% |
| MSCI Emg Mkts | 0.71 | 44% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $210,985 |
Technical Indicators
| Recent close | $105.70 |
| 30d moving avg. | $101.42 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.9% |
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. FEX |
Expenses vs. FEX |
ALTAR Score™ vs. FEX |
|---|---|---|---|---|
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 60.4% | -50 bp | +0.2% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 59.5% | -24 bp | +0.0% |
| CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 59.4% | -19 bp | 0.0% |
| RSP | Invesco S&P 500 Equal Weight ETF | 56.3% | -39 bp | +0.5% |
| SIZE | iShares MSCI USA Size Factor ETF | 56.1% | -44 bp | +0.0% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 55.5% | -50 bp | +0.1% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 55.4% | 0 bp | +2.5% |
| SSPY | Syntax Stratified LargeCap ETF | 51.7% | -29 bp | +0.7% |
| IMCB | iShares Morningstar Mid-Cap ETF | 50.1% | -55 bp | +0.2% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 49.2% | +8 bp | +3.5% |
Risk and Returns: FEX 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 10/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
FEX
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FEX
5.7%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FEX's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places FEX in the 52nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEXSELL
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 |
| FEX (59 bp) Percentile rank | 65 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEX | 59.0 | 5.9 | 64.9 |
| Peer Avg. | 29.6 | 13.9 | 43.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .