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 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 Benchmark Comparison Summary
FYX Benchmark Comparison Market Cap Size