FYT
First Trust Small Cap Value AlphaDEX Fund
First Trust Small Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Small Cap Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
169.2 M
ASSETS UNDER MGMT
73 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2011 |
| Assets (mns) | $169 |
| Expense ratio | 73 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 +
| CORECIVIC, INC. | 1.0 % |
| RIOT BLOCKCHAIN INC | 1.0 % |
| GREENBRIER COMPANIES INC | 0.8 % |
| CRANE HOLDINGS, CO. | 0.8 % |
| BUMBLE, INC. CLASS A | 0.8 % |
| ALLIANCE DATA SYSTEMS CORP | 0.8 % |
| HERTZ GLOBAL HOLDINGS, INC. | 0.8 % |
| VESTIS CORPORATION | 0.8 % |
| ECOVYST INC | 0.7 % |
| JOHN BEAN TECHNOLOGIES CORP | 0.7 % |
Constituent Breakdown
| Number of holdings | 263 |
| Herfindahl-Hirschman Index | 48 |
| Wgt avg mkt cap (mns) | $2,188 |
| Large cap (>$10bn) | 0.6% |
| Mid cap ($2-10bn) | 45.6% |
| Small cap (<$2bn) | 53.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.9 % |
 |
BERMUDA | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.5% | 22.0% | 9.9% | 2.9% | 10.5% | 6.7% | 8.5% | Volatility | 20.1% | 21.4% | 22.1% | 23.1% | 31.4% | 25.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 57% |
| MSCI EAFE | 1.07 | 60% |
| MSCI Emg Mkts | 0.77 | 30% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $4,645 |
Technical Indicators
| Recent close | $58.35 |
| 30d moving avg. | $54.78 |
| Annualized volatility | 24.4% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| 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. FYT |
Expenses vs. FYT |
ALTAR Score™ vs. FYT |
|---|---|---|---|---|
| FYX | First Trust Small Cap Core AlphaDEX Fund | 54.1% | -12 bp | -3.2% |
| RNSC | Furst Trust Small Cap US Equity Select ETF | 34.9% | -13 bp | -0.9% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 32.7% | -26 bp | +0.2% |
| EES | WisdomTree U.S. SmallCap Fund | 31.4% | -35 bp | +1.2% |
| AVSC | Avantis U.S Small Cap Equity ETF | 30.9% | -48 bp | -3.0% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 29.3% | -55 bp | -0.4% |
| DES | WisdomTree U.S. SmallCap Dividend Fund | 28.9% | -35 bp | -0.9% |
| SVAL | iShares US Small Cap Value Factor ETF | 28.8% | -53 bp | +2.0% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 28.8% | -58 bp | -0.3% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 28.6% | -58 bp | -0.3% |
Risk and Returns: FYT 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 11/21/2024
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
FYT
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™
FYT
7.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. FYT's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places FYT in the 83rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FYTSELL
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 |
| FYT (73 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FYT | 73.0 | 19.9 | 92.9 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .