FEX

First Trust Large Cap Core AlphaDEX Fund
A

73
*Unless otherwise stated, data provided by FactSet.

FEX Fund Description

FEX tracks a tiered equal-weighted index of large-cap stocks selected from the S&P 500 based on the S&P's AlphaDex selection methodology.

FEX Factset Analytics Insight

FEX aims to outperform the broader large-cap space using an intricate methodology. It classifies securities as either growth, value, or both. Then it scores and ranks them according to their performance with regard to that classification. After discarding the lowest-scoring 25%, it divides the remainder into quintiles. To build its portfolio, it equal-weights the stocks within each quintile, but weights the fund overall toward the top-ranked quintiles. FEX has a mid-cap tilt, but what's striking is that its baroque methodology tends to yield marketlike risk. It's a highly Tradable fund, with strong on-screen and block liquidity. However, its Efficiency score suffers in large part due to a high expense ratio, though some investors may find that reasonable in light of the fund methodology and quarterly rebalancing. In the past, FEX tracked the S&P Defined Large-Cap Core Index, though it changed to the NASDAQ AlphaDEX Large-Cap Core Index in April 2016. We see little impact from this change.

FEX MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 21, 2019 the First Trust Large Cap Core AlphaDEX Fund MSCI ESG Fund Quality Score is 4.71 out of 10.

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. FEX ranks in the 21st percentile within its peer group and in the 34th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

FEX CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 05/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FEX -2.28% 1.03% 14.81% 0.27% 12.05% 8.53% 14.43%
FEX (NAV) -2.30% 1.06% 14.82% 0.33% 12.04% 8.55% 14.35%
NASDAQ AlphaDEX Large Cap Core Index -2.25% 1.22% 15.14% 0.91% -- 14.11% 14.35%
MSCI USA Large Cap Index -1.14% 3.91% 15.07% 7.46% 14.42% 11.18% 14.69%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FEX Top 10 Countries

FEX Top 10 Sectors

FEX Top 10 Holdings [View All]

FEX Summary Data

First Trust
05/08/07
Open-Ended Fund
0.61%
$1.37B
$4.54M
0.04%

FEX Portfolio Data

$51.45B
19.95
2.60
1.23%
06/14/19
367

FEX Index Data

Tiered
Multi-Factor
MSCI USA Large Cap Index

FEX Portfolio Management

0.61%
-0.65%
-0.47%
-0.80%

FEX Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FEX Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FEX Factset Analytics Block Liquidity

As of 05/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FEX. FEX is rated a 5 out of 5.

FEX Tradability

75,380
$4.54M
58,763
$3.56M
0.04%
$0.02
-0.01%
0.11% / -0.24%
None
100.00%
50,000
1.18
0.02%
0.01%
11
$59.69
5

FEX Sector/Industry Breakdown


FEX
Segment Benchmark
19.13%
12.45%
18.77%
14.60%
15.04%
27.57%
13.23%
8.98%
9.70%
14.04%
7.54%
7.84%
5.29%
2.58%
5.16%
1.10%
4.42%
5.75%
1.52%
2.35%

FEX Countries


FEX
Segment Benchmark
100.00%
100.00%

FEX Regions


FEX
Segment Benchmark
100.00%
100.00%

FEX Economic Development


FEX
Segment Benchmark
100.00%
100.00%

FEX Performance Statistics

0.95
0.96
0.93
0.95
0.23%
MSCI USA Large Cap Index

FEX MSCI ESG Ratings

4.71 / 10
20.69
33.51
8.14%
4.49%
330.34

FEX BENCHMARK COMPARISON HOLDINGS

367
295
211
35.84%

FEX BENCHMARK COMPARISON SUMMARY


FEX
Segment Benchmark
367
295
$51.45B
$253.08B
19.95
21.46
2.60
3.50
1.95%
1.93%
Low
Low

FEX BENCHMARK COMPARISON MARKET CAP SIZE


FEX
Segment Benchmark
81.13%
99.71%
18.87%
0.29%
0.00%
0.00%
0.00%
0.00%