FCA First Trust China AlphaDEX ETF

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FCA First Trust China AlphaDEX ETF

Seeks to track, before fees and expenses, the NASDAQ AlphaDEX China Index. The Index by ranks the eligible stocks from the NASDAQ China 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. The best scoring 50 stocks comprise the “selected stocks” universe. The “selected stocks” are then split into quintiles based on their selection score. The top ranked quintile receives 5/15 (33%) of the portfolio weight with successive quintiles receiving 4/15 (26.7%), 3/15 (20.0%), 2/15 (13.3%) and 1/15 (6.7%), respectively. Stocks are equally weighted within each quintile. After weights are assigned, each stock is tested in order of its selection score rank to check if the weight assigned to that stock violates a sector weighting constraint. Sector constraints are set at 15% above the NASDAQ China Index weight for each sector.

$21.10  -0.49 (-2.27%)
As of 09/29/2022 16:00:00 EST     IEX book   CBOE book


ETF Information
Sponsor:     First Trust
Category1:  Global Equity
Category2:  Single country
Category3:  Large and mid cap
Morningstar category:  China Region
Country:      China
Leverage factor:  1.00
Inception date:  04/18/2011
Index tracking method: Passive replication
Current yield:  3.38%
Historical average yield:  3.21%
Market cap:  $7,385,042
Average volume:  4,683
Fees:     0.8000%

Index Information
NASDAQ AlphaDEX China Index
Index symbol:  NQDXCN
Provider:   NASDAQ OMX
Index weighting:   Composite scores
Index inception date:  05/18/2015
Backtesting data exists:   Yes
Number of holdings:  50
Strategy:  Multi-factor investing
Factors used to select securities:

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