FYC First Trust Small Cap Growth AlphaDEX ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Small Cap Growth Index. The Index selects stocks from the NASDAQ US 700 Small Cap Growth Index that meet certain criteria. The Index ranks the eligible stocks from the NASDAQ US 700 Small 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 it’s selection score based on it’s style designation as determined by Nasdaq. The top 262 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.
On April 8, 2016, the fund's underlying index changed from the Defined Small Cap Growth Index to the NASDAQ AlphaDEX® Small Cap Growth Index.
$55.44 -0.85 (-1.50%)
As of 03/17/2023 09:33:15 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Small cap
Morningstar category: Small Growth
Leverage factor: 1.00
Inception date: 04/19/2011
Index tracking method: Passive replication
Current yield: 0.00%
Historical average yield: 0.24%
Market cap: $225,996,122
Average volume: 30,030
Fees: 0.7000%
Index Information
Nasdaq AlphaDEX Small Cap Growth Index
Index symbol: NQDXUSSCG
Provider: NASDAQ OMX
Total return index symbol: NQDXUSSCGT
Index weighting: Growth score
Index inception date: 01/11/2016
Backtesting data exists: Yes
Number of holdings: 262
Strategy: Pure growth investing
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: