FYT
First Trust Small Cap Value AlphaDEX FundFYT Fund Description
FYT tracks an index of securities pulled from the S&P SmallCap 600 Value Index that are rescreened and weighted based on a tiered process.
FYT Factset Analytics Insight
FYT attempts to improve upon the S&P SmallCap 600 Index by rescreening it with its own value metrics and then applying a tiered weighting system. FYT's methodology aims to target 'pure' value firms; that is, no company can make its way into both the growth and value versions of its small-cap index, and its price ratios, which have a decided value bias (save for a lower yield), lend credence to this strategy. With this comes significant sector bets, however, as FYT underweights financials by over 20% and heavily overweights energy and industrials. FYT focuses on small caps but falls heavily into microcap territory too, which notches up the risk significantly, as suggested by its high beta. Recent performance has been decent especially next to that of vanilla funds. Still, the fund’s sky-high holding costs—considerably more than its headline fee—and weak trading volume should give pause to prudent investors.Note: On April 8, 2016 the fund switched underlying indexes from the old “Defined” index to the current Nasdaq version. The index universe may differ slightly but the factors and methodology are the same.
FYT MSCI ESG Analytics Insight
First Trust Small Cap Value AlphaDEX Fund has an MSCI ESG Fund Rating of BB based on a score of 3.48 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 Value AlphaDEX Fund ranks in the 14th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FYT Charts And Performance
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FYT Portfolio Data
FYT Index Data
FYT Portfolio Management
FYT Tax Exposures
FYT Fund Structure
FYT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FYT. FYT is rated a 5 out of 5.
FYT Tradability
FYT Sector/Industry Breakdown
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FYT Top 10 Holdings[View All]
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FYT Economic Development
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FYT Performance Statistics
FYT MSCI ESG Ratings
FYT Benchmark Comparison Summary
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FYT Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.