FCAFirst Trust China AlphaDEX Fund
FCA Fund Description
FCA tracks the Defined China Index. The alpha-seeking index employs a quantitative methodology to select stocks based on both value and growth factors.
FCA Factset Analytics Insight
FCA offers broad China exposure with a twist—it implements its AlphaDex methodology to select a concentrated portfolio of 50 stocks from the S&P China BMI universe based on a number of growth and value factors, subject to weighting constraints set at 15% above the sector percentages of the base index. The fund's tiered equal-weighting structure contributes to its significant mid and small-cap exposure. The fund is also rebalanced and reconstituted semi-annually. Overall, FCA is a breath of fresh air for those wanting to shy away from the 'big 4' Chinese state-owned banks that carry such a heavy hand in most China ETFs.
FCA MSCI ESG Analytics Insight
First Trust China AlphaDEX Fund has an MSCI ESG Fund Rating of B based on a score of 2.40 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust China AlphaDEX Fund ranks in the 2nd percentile within its peer group and in the 16th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FCA MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FCA Summary Data
FCA Portfolio Data
FCA Index Data
FCA Portfolio Management
FCA Tax Exposures
FCA Fund Structure
FCA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FCA. FCA is rated a 3 out of 5.
FCA Sector/Industry Breakdown
FCA Top 10 Holdings[View All]
FCA Economic Development
FCA Performance Statistics
FCA MSCI ESG Ratings
FCA Benchmark Comparison Summary
FCA Benchmark Comparison Market Cap Size