FAD First Trust Multi Cap Growth AlphaDEX ETF
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FAD First Trust Multi Cap Growth AlphaDEX ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Multi Cap Growth Index.The Index selects stocks that meet certain criteria from the three indices – NASDAQ US 500 Large Cap Index, NASDAQ US 600 Mid Cap Index and NASDAQ US 700 Small Cap Index. NASDAD ranks the eligible stocks within each index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style. Each stock receives either its growth or value score as its selection score based on its style designation as determined by Nasdaq. The top 187 stocks from the NASDAQ US 500 Large Cap Growth Index, 225 stocks from the NASDAQ US 600 Mid Cap Growth Index and 262 stocks from the NASDAQ US 700 Small Cap Growth Index based on the selection score determined in the previous step comprise the “selected stocks”. The selected stocks are divided into quintiles based on their rankings within their size class and the top ranked quintiles receive a higher weight within the index. The NASDAQ AlphaDEX Multi Cap Growth Index is comprised of the selected stocks in the following weights: the stocks selected from the NASDAQ US 500 Large Cap Growth Index comprise 50%, the stocks selected from the NASDAQ US 600 Mid Cap Growth Index comprise 30%, and the stocks selected from the NASDAQ US 700 Small Cap Growth Index comprise 20%.
On April 8, 2016, the fund's underlying index changed from the Defined Multi Cap Growth Index to the NASDAQ AlphaDEX® Multi Cap Growth Index.
$94.57 +0.93 (0.99%)
As of 03/23/2023 10:01:47 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad Market
Category3: Multi-cap
Morningstar category: Mid-Cap Growth
Leverage factor: 1.00
Inception date: 05/08/2007
Index tracking method: Passive replication
Current yield: 0.56%
Historical average yield: 0.37%
Market cap: $158,474,186
Average volume: 6,715
Fees: 0.6900%
Index Information
Nasdaq AlphaDEX Multi Cap Growth Index
Index symbol: NQDXUSMLTCG
Provider: NASDAQ OMX
Total return index symbol: NQDXUSMLTCGT
Index weighting: Composite scores
Index inception date: 01/11/2016
Backtesting data exists: Yes
Number of holdings: 674
Strategy: Multi-factor investing
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: