FTA First Trust Large Cap Value Opportunities AlphaDEX Fund ETF
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FTA First Trust Large Cap Value Opportunities AlphaDEX Fund ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Large Cap Value Index. The Index ranks the eligible stocks from the NASDAQ US 500 Large Cap 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 value stocks 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 and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
Prior to April 8, 2016, the fund tracked the Defined Large Cap Value Index.
$63.30 -0.33 (-0.52%)
As of 03/23/2023 15:00:16 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Large cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 05/08/2007
Index tracking method: Passive replication
Current yield: 1.99%
Historical average yield: 1.83%
Market cap: $1,173,473,127
Average volume: 78,307
Fees: 0.6100%
Index Information
Nasdaq AlphaDEX Large Cap Value Index
Index symbol: NQDXUSLCV
Provider: NASDAQ OMX
Total return index symbol: NQDXUSLCVT
Index weighting: Value score
Index inception date: 01/11/2016
Backtesting data exists: Yes
Number of holdings: 187
Strategy: Pure value investing
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: