FEXFirst Trust Large Cap Core AlphaDEX Fund
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 selecting the top 375 stocks based on their score, it divides these stocks into quintiles. To build its portfolio, it equal-weights the stocks within each quintile, but weights the fund overall toward the top-ranked quintiles. 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.
FEX MSCI ESG Analytics Insight
First Trust Large Cap Core AlphaDEX Fund has an MSCI ESG Fund Rating of A based on a score of 6.67 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 70th percentile within its peer group and in the 86th 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 Summary Data
FEX Portfolio Data
FEX Index Data
FEX Portfolio Management
FEX Tax Exposures
FEX Fund Structure
FEX Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
FEX Top 10 Holdings[View All]
FEX Economic Development
FEX Performance Statistics
FEX MSCI ESG Ratings
FEX Benchmark Comparison Summary
FEX Benchmark Comparison Market Cap Size