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FAD ETF Profile


Family: First Trust
Name: First Trust Multi Cap Growth AlphaDEX Fund
Inception Date: 8-May-2007
Termination Date:
Investment Objective: The Fund will seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NASDAQ AlphaDEX Multi Cap Growth Index. The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The Index is an enhanced index created and administered by Nasdaq, Inc. which employs the AlphaDEX stock selection methodology to select the top 187 stocks from the NASDAQ US 500 Large Cap Growth Index, 225 stocks from the NASDAQ US 600 Mid Cap Growth Index and 262 stocks from the NASDAQ US 700 Small Cap Growth Index with the following weights 50%, 30% & 20% respectively. The selected stocks are divided into quintiles based on their rankings within their size class and the top ranked quintiles receive a higher weight within the index. The index is reconstituted and rebalanced quarterly.
Prospectus
Top 10 Holdings
Applovin Corp. (Class A) APP 1.0287%
Palantir Technologies Inc. (Class A) PLTR 0.8101%
Axon Enterprise Inc. AXON 0.6556%
Carvana Co. (Class A) CVNA 0.5858%
Royal Caribbean Cruises Ltd. RCL 0.5667%
Robinhood Markets Inc. (Class A) HOOD 0.5531%
GoDaddy Inc. (Class A) GDDY 0.5486%
Vertiv Holdings Co VRT 0.5174%
Targa Resources Corp. TRGP 0.5161%
Expedia Group Inc. EXPE 0.5133%
Top 10 Holdings Weight: 6.3%
Number of Holdings: 677
Shares Outstanding: 1,550,002
Total Net Assets: 227,788,300
NAV: 146.83
Net Expense Ratio: 0.64%
Asset Class: Equities (Stocks)
Developed or Emerging: Developed Market Funds
Country: US
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Strategy: Other Quant Model
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Market Cap: Broad Market / Multi-Cap
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Is Currency Hedged: No
US or Ex-US: Domestic