FAB
First Trust Multi Cap Value AlphaDEX Fund
First Trust Multi Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Multi Cap Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
130.9 M
ASSETS UNDER MGMT
67 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $131 |
| Expense ratio | 67 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 | 0.7 % |
| SYNCHRONY FINANCIAL | 0.6 % |
| DELTA AIR LINES INC | 0.5 % |
| GENERAL MOTORS CO | 0.5 % |
| PACCAR INC | 0.5 % |
| CINCINNATI FINANCIAL CORP | 0.5 % |
| TWENTY-FIRST CENTURY FOX | 0.5 % |
| T ROWE PRICE GROUP INC | 0.5 % |
| AT&T INC | 0.5 % |
| HEWLETT PACKARD ENTERPRISE CO. | 0.5 % |
Constituent Breakdown
| Number of holdings | 675 |
| Herfindahl-Hirschman Index | 24 |
| Wgt avg mkt cap (mns) | $33,225 |
| Large cap (>$10bn) | 53.8% |
| Mid cap ($2-10bn) | 35.2% |
| Small cap (<$2bn) | 10.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.3 % |
 |
BERMUDA | 1.8 % |
 |
IRELAND | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.5% | 27.3% | 13.5% | 10.5% | 11.9% | 8.6% | 8.2% | Volatility | 14.4% | 15.6% | 17.6% | 19.4% | 26.9% | 22.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 69% |
| MSCI EAFE | 1.01 | 70% |
| MSCI Emg Mkts | 0.73 | 36% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $67,405 |
Technical Indicators
| Recent close | $81.83 |
| 30d moving avg. | $87.32 |
| Annualized volatility | 21.1% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.4% |
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. FAB |
Expenses vs. FAB |
ALTAR Score™ vs. FAB |
|---|---|---|---|---|
| FTA | First Trust Large Cap Value AlphaDEX Fund | 48.9% | -8 bp | -0.3% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 47.8% | -8 bp | -3.3% |
| VFVA | Vanguard U.S. Value Factor ETF | 42.9% | -54 bp | +1.5% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 35.7% | -61 bp | -1.1% |
| DFUV | Dimensional US Marketwide Value ETF | 35.2% | -45 bp | -1.5% |
| JVAL | JPMorgan U.S. Value Factor ETF | 35.2% | -55 bp | -1.2% |
| STXV | Strive 1000 Value ETF | 34.3% | -49 bp | -1.2% |
| IWS | iShares Russell Mid-Cap Value ETF | 34.3% | -44 bp | -2.5% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 34.0% | -47 bp | +0.6% |
| DFAT | Dimensional U.S. Targeted Value ETF | 33.4% | -39 bp | -0.9% |
Risk and Returns: FAB 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 12/20/2024
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
FAB
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FAB
9.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FAB's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places FAB in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FABSELL
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 |
| FAB (67 bp) Percentile rank | 74 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FAB | 67.0 | 17.4 | 84.4 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .