FAD
First Trust Multi Cap Growth AlphaDEX Fund
First Trust Multi Cap Growth AlphaDEX Fund seeks investment results that correspond to the Defined Multi Cap Growth Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
237.4 M
ASSETS UNDER MGMT
64 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $237 |
| Expense ratio | 64 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 +
| APPLOVIN CORP. CLASS A | 0.9 % |
| CAVA GROUP, INC. | 0.8 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 0.8 % |
| AXON ENTERPRISE INC | 0.6 % |
| CARVANA CO. CLASS A | 0.6 % |
| TARGA RESOURCES CORP | 0.6 % |
| ROYAL CARIBBEAN CRUISES LTD | 0.6 % |
| EXPEDIA GROUP INC | 0.5 % |
| VERTIV HOLDINGS CO. CLASS A | 0.5 % |
| VISTRA ENERGY CORP. | 0.5 % |
Constituent Breakdown
| Number of holdings | 677 |
| Herfindahl-Hirschman Index | 25 |
| Wgt avg mkt cap (mns) | $69,678 |
| Large cap (>$10bn) | 58.5% |
| Mid cap ($2-10bn) | 32.5% |
| Small cap (<$2bn) | 8.4% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
UNITED STATES | 95.8 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.9% | 42.9% | 17.3% | 2.6% | 13.1% | 11.5% | 9.4% | Volatility | 16.2% | 16.3% | 17.0% | 20.7% | 24.3% | 20.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 87% |
| MSCI EAFE | 0.96 | 66% |
| MSCI Emg Mkts | 0.68 | 33% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $208,952 |
Technical Indicators
| Recent close | $148.38 |
| 30d moving avg. | $134.60 |
| Annualized volatility | 20.8% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 5.1% |
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. FAD |
Expenses vs. FAD |
ALTAR Score™ vs. FAD |
|---|---|---|---|---|
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 50.3% | -5 bp | +0.6% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 43.4% | -5 bp | +3.7% |
| BFOR | ALPS Barron's 400 ETF | 33.9% | +1 bp | +3.7% |
| SIZE | iShares MSCI USA Size Factor ETF | 32.1% | -49 bp | +3.7% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 31.4% | -44 bp | +4.9% |
| VB | Vanguard Small-Cap ETF | 31.4% | -59 bp | +3.0% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 31.1% | -55 bp | +3.8% |
| VXF | Vanguard Extended Market ETF | 31.0% | -58 bp | +1.6% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 30.0% | -29 bp | +3.7% |
| CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 30.0% | -24 bp | +3.7% |
Risk and Returns: FAD 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 11/22/2024
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
FAD
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FAD
1.8%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. FAD's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places FAD in the 7th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FADSELL
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 |
| FAD (64 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FAD | 64.0 | 19.8 | 83.8 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .