FEX

First Trust Large Cap Core AlphaDEX Fund
*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

First Trust Large Cap Core AlphaDEX Fund has an MSCI ESG Fund Rating of BBB based on a score of 5.06 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 Large Cap Core AlphaDEX Fund ranks in the 41st percentile within its peer group and in the 26th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FEX 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.

FEX Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FEX 1.03% 6.55% 21.98% 8.72% 10.72% 8.03% 12.32%
FEX (NAV) 1.19% 5.97% 22.73% 13.05% 10.94% 8.22% 12.30%
NASDAQ AlphaDEX Large Cap Core Index 1.24% 6.15% 23.51% 13.72% 11.64% 13.76% 12.30%
MSCI USA Large Cap Index 1.53% 6.60% 26.66% 17.94% 15.22% 11.00% 13.21%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FEX Summary Data

First Trust
05/08/07
Open-Ended Fund
0.61%
$1.35B
$4.00M
0.04%

FEX Portfolio Data

$52.34B
18.31
2.49
1.37%
12/13/19
377

FEX Index Data

Tiered
Multi-Factor
MSCI USA Large Cap Index

FEX Portfolio Management

0.61%
-0.58%
-0.47%
-0.69%

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 -

FEX Factset Analytics Block Liquidity

As of 12/05/19
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

64,896
$4.00M
48,781
$2.96M
0.04%
$0.02
-0.02%
0.12% / -0.24%
None
100.00%
50,000
0.98
0.02%
0.01%
39
$63.34
5

FEX Sector/Industry Breakdown


FEX
Segment Benchmark
23.54%
14.91%
15.91%
29.12%
13.04%
12.83%
12.39%
9.40%
10.33%
14.14%
6.17%
4.58%
6.11%
2.89%
5.49%
2.09%
5.48%
7.58%
1.55%
2.47%

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
1.00
0.99
1.02
0.22%
MSCI USA Large Cap Index

FEX MSCI ESG Ratings

5.06 / 10
25.95
40.96
6.13%
3.67%
271.97

FEX Benchmark Comparison Holdings

377
297
211
34.85%

FEX Benchmark Comparison Summary


FEX
Segment Benchmark
377
297
$52.34B
$289.15B
18.31
22.53
2.49
3.59
1.83%
1.86%
Low
Low

FEX Benchmark Comparison Market Cap Size


FEX
Segment Benchmark
82.43%
99.86%
17.57%
0.14%
0.00%
0.00%
0.00%
0.00%