FAD
First Trust Multi Cap Growth AlphaDEX Fund

Price: $122.81
Change: $0.38 (-0.0%)
Category: All Cap Equities
Last Updated:

Vitals

Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 0.64%
ETF Home Page Home page
Inception May 08, 2007

Analyst Report

This ETF offers broad-based exposure to U.S. equity markets, including stocks across a number of different sectors and companies of various sizes. As such, FAD may be appealing to investors building a long-term, buy-and-hold portfolio; this fund covers an asset class that is a core holding of most investor portfolios. FAD is one of the AlphaDEX products from First Trust, meaning that it is linked to an index that employs stock screening tactics with the objective of outperforming simple cap-weighted benchmarks. The AlphaDEX methodology has an impressive track record, so those in hunt of alpha may want to take a closer look at this “enhanced” ETF that is linked to a quant-based index. Those seeking to minimize costs will probably steer clear, as FAD is considerably more expensive than IWZ (which seeks to replicate the Russell 3000 Growth Index). FAB is a trade-off between the potential to beat a broad cap-weighted benchmark (such as the Russell 3000) and increased annual expenses.Those who believe the AlphaDEX methodology can generate alpha over the long term may prefer this fund, while those who believe in efficient markets may want to stick to simple cap-weighting.

ETF Database Themes

Category All Cap Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Growth
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Total Market Growth
Category Size and Style
Focus Total Market
Niche Growth
Strategy Growth
Weighting Scheme Tiered

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $92.58
  • 52 Week Hi $125.14
  • AUM $203.6 M
  • Shares 1.7 M

Historical Trading Data

  • 1 Month Avg. Volume 4,713
  • 3 Month Avg. Volume 4,408

Alternative ETFs in the ETF Database All Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LOPP 0.00% $11.6 M 571 6.56%
Largest (AUM) DFAC 0.17% $28.4 B 2 M 10.59%
Most Liquid (Volume) ARKK 0.75% $6.4 B 11 M -15.26%
Top YTD Performer CBSE 0.86% $14.2 M 1,662 22.22%

Alternative ETFs in the FactSet Equity: U.S. - Total Market Growth Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IUSG 0.04% $18.6 B 423,758 22.04%
Largest (AUM) IUSG 0.04% $18.6 B 423,758 22.04%
Most Liquid (Volume) CGGR 0.39% $6.0 B 1 M 15.62%
Top YTD Performer GGRW 0.90% $5.3 M 1,744 31.69%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FAD ETF Database Category Average FactSet Segment Average
Number of Holdings 672 319 140
% of Assets in Top 10 5.47% 32.87% 50.37%
% of Assets in Top 15 7.95% 41.65% 60.97%
% of Assets in Top 50 22.70% 73.27% 88.72%

Size Comparison

FAD ETF Database Category Average FactSet Segment Average
Large (>12.9B) 53.32% 65.65% 84.09%
Mid (>2.7B) 34.41% 19.92% 8.22%
Small (>600M) 12.17% 4.49% 1.27%
Micro (<600M) 0.02% 1.45% 0.00%

FAD Valuation

This section compares the P/E ratio of this ETF to its peers.

FAD
P/E Ratio
14.07
ETF Database Category Average
P/E Ratio
7.60
FactSet Segment Average
P/E Ratio
9.46

FAD Dividend

This section compares the dividend yield of this ETF to its peers.

FAD ETF Database Category Average FactSet Segment Average
Dividend $ 0.06 $ 0.24 $ 0.03
Dividend Date 2024-03-21 N/A N/A
Annual Dividend Rate $ 0.44 $ 0.72 $ 0.19
Annual Dividend Yield 0.36% 1.48% 0.28%

FAD Price and Volume Charts

View charts featuring FAD price and volume data.

FAD Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 12.2 M 3 Month Net Flows: 12.87 M 6 Month Net Flows: 12.87 M 1 Year Net Flows: -2.46 M 3 Year Net Flows: -12.36 M 5 Year Net Flows: -62.97 M 10 Year Net Flows: 16.69 M

FAD Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.