FYXFirst Trust Small Cap Core AlphaDEX Fund
FYX Fund Description
FYX tracks an index of small-cap stocks selected 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. The creation of the underlying 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. Those eligible are then scored individually and the top 525 stocks are selected for inclusion in the index. Based on their selection score, the selected stocks are subsequently split into quintiles and are equally-weighted within each quintile. Those in the higher scoring quintiles then receive a greater weight in the Index. All in all, FYX takes on more market risk with its approach, so weigh the extra risk exposure when comparing the latest returns. The index is reconstituted and rebalanced quarterly. Note: On April 8, 2016 the fund switched underlying indexes from the old Defined index to the current Nasdaq version.
FYX MSCI ESG Analytics Insight
First Trust Small Cap Core AlphaDEX Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.99 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 27th percentile within its peer group and in the 20th 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 Summary Data
FYX Portfolio Data
FYX Index 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 Sector/Industry Breakdown
FYX Top 10 Holdings[View All]
FYX Economic Development
FYX Performance Statistics
FYX MSCI ESG Ratings
FYX Benchmark Comparison Summary
FYX Benchmark Comparison Market Cap Size