FYX
First Trust Small Cap Core AlphaDEX FundFYX Fund Description
FYX tracks an index of small-cap stocks selected from the S&P 600 Index based on quantitatively driven growth and value factors.
FYX Factset Analytics Insight
FYX uses fundamental and technical factors to select and weight holdings in an attempt to beat the small-cap market, but at a premium cost. In its pursuit of alpha, FYX substantively differs from the market, but not radically so. Foremost, its small-cap exposure is a bit purer and its weighted average market cap is far lower than our benchmark's. Second, it's prone to making a lot of sector bets, deviating from the market to varying degrees at varying times. Even with a portfolio encompassing hundreds of stocks, FYX is narrow compared with the vast universe of US small-caps. All in all, FYX takes on more market risk with its approach, so weigh the extra risk exposure when comparing the latest returns. It's an easy fund to trade for both retail and block traders, thanks to small spreads in the secondary market and great liquidity in the primary market. However, the fund charges a stiff fee, though it's in line with other alpha-seeking funds, and it recovers some of its fee via solid fund management. 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.
FYX MSCI ESG Analytics Insight
First Trust Small Cap Core AlphaDEX Fund has an MSCI ESG Fund Rating of BB based on a score of 3.35 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 Core AlphaDEX Fund ranks in the 12nd percentile within its peer group and in the 14th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FYX 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.
FYX Charts And Performance
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FYX Portfolio Data
FYX Portfolio Management
FYX Tax Exposures
FYX Fund Structure
FYX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FYX. FYX is rated a 5 out of 5.
FYX Tradability
FYX Sector/Industry Breakdown
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FYX Top 10 Holdings[View All]
FYX Countries
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FYX Regions
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FYX Economic Development
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FYX Performance Statistics
FYX MSCI ESG Ratings
FYX Benchmark Comparison Summary
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FYX Benchmark Comparison Market Cap Size
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