FYCFirst Trust Small Cap Growth AlphaDEX Fund
FYC Fund Description
FYC tracks a quant-driven index that select stocks from a small-cap growth universe in an attempt to outperform the market.
FYC Factset Analytics Insight
FYC tracks an index which implements its proprietary AlphaDEX selection methodology to select small-cap growth stocks. The index starts by removing stocks from the NASDAQ US 700 Small Cap Index which do not trade on an eligible exchange, duplicate stocks, and do not meet liquidity screens. Then, all remaining securities are grouped into either “growth” or “value” buckets. Only those in the “growth” buckets are eligible for inclusion. Those eligible are then scored individually and the top 262 stocks are selected for inclusion in the index. The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly. The fund switched indexes on April 8, 2016. The selection universe differs (holdings were previously chosen from the S&P SmallCap 600 Index).
FYC MSCI ESG Analytics Insight
First Trust Small Cap Growth AlphaDEX Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.57 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 Small Cap Growth AlphaDEX Fund ranks in the 14th percentile within its peer group and in the 3th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FYC 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.
FYC Summary Data
FYC Portfolio Data
FYC Index Data
FYC Portfolio Management
FYC Tax Exposures
FYC Fund Structure
FYC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FYC. FYC is rated a 5 out of 5.
FYC Sector/Industry Breakdown
FYC Economic Development
FYC Performance Statistics
FYC MSCI ESG Ratings
FYC Benchmark Comparison Summary
FYC Benchmark Comparison Market Cap Size