Symbols

FAD

First Trust Multi Cap Growth AlphaDEX Fund·NASDAQ

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Key Stats

Assets Under Management

404.11MUSD

Fund Flows (1Y)

116.80MUSD

Dividend Yield

0.09%

Discount/Premium to NAV

0.07%

Shares Outstanding

2.40M

Expense Ratio

0.62%

About First Trust Multi Cap Growth AlphaDEX Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/etf/ETFsummary.aspx?Ticker=FAD

Inception Date

May 8, 2007

Structure

Open-Ended Fund

Index Tracked

NASDAQ AlphaDEX Multi Cap Growth Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FAD's selection and weighting methodology sets it apart from peer segment funds. The fund uses the AlphaDEX methodology to pick growth companies from three different size segments of the Nasdaq US Select Index Family. From each segment, growth stocks are screened based on price appreciation, sales growth and sales-to-price ratio. Once the fund has selected those firms best positioned for growth, it employs a tiered weighting strategy that assigns weights of 50% to large caps, 30% to midcaps and 20% to small-caps. Although FAD holds a broad portfolio of growth stocks, it tilts small, underweights technology and takes on more market risk. The index is reconstituted and rebalanced quarterly. Note: On April 8, 2016, the fund switched underlying indexes from the old "Defined” index to the current Nasdaq version. The index universe may differ slightly but the factors and methodology are the same.