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Upturn AI SWOT - About
First Trust Multi Cap Growth AlphaDEX® Fund (FAD)
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Upturn Advisory Summary
08/29/2025: FAD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 34.16% | Avg. Invested days 63 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 08/29/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.18 | 52 Weeks Range 112.98 - 149.98 | Updated Date 06/30/2025 |
52 Weeks Range 112.98 - 149.98 | Updated Date 06/30/2025 |
Upturn AI SWOT
First Trust Multi Cap Growth AlphaDEX® Fund
ETF Overview
Overview
The First Trust Multi Cap Growth AlphaDEXu00ae Fund (FAD) seeks investment results that correspond to the performance of the NASDAQ AlphaDEXu00ae Multi Cap Growth Index. The fund employs a quantitative methodology to select and weight stocks from the NASDAQ US 1500 Excludes Financials Index, focusing on growth characteristics.
Reputation and Reliability
First Trust is a well-established ETF issuer with a generally positive reputation. They are known for their AlphaDEXu00ae methodology and other innovative ETF strategies.
Management Expertise
First Trust has a dedicated team of investment professionals with experience in quantitative analysis and ETF management.
Investment Objective
Goal
To seek investment results that correspond to the performance of the NASDAQ AlphaDEXu00ae Multi Cap Growth Index.
Investment Approach and Strategy
Strategy: The fund tracks the NASDAQ AlphaDEXu00ae Multi Cap Growth Index, which uses quantitative factors to identify and weight growth stocks.
Composition The ETF primarily holds stocks of mid- and large-cap companies exhibiting growth characteristics, excluding financials.
Market Position
Market Share: FAD has a moderate market share within the multi-cap growth ETF segment.
Total Net Assets (AUM): 170670000
Competitors
Key Competitors
- IVW
- RPG
- VUG
Competitive Landscape
The multi-cap growth ETF space is competitive, with several large, established players. FAD's AlphaDEXu00ae methodology provides a differentiated approach, but it faces competition from index-tracking ETFs with lower expense ratios. Advantages include potential for alpha generation through stock selection. Disadvantages are the higher expense ratio relative to passively managed competitors.
Financial Performance
Historical Performance: Historical performance varies depending on the time period. Reviewing FAD's performance over 1, 3, 5, and 10-year periods provides a more comprehensive view.
Benchmark Comparison: FAD's performance should be compared against the NASDAQ AlphaDEXu00ae Multi Cap Growth Index to assess its tracking effectiveness.
Expense Ratio: 0.7
Liquidity
Average Trading Volume
The ETF's average trading volume indicates moderate liquidity, facilitating relatively easy buying and selling of shares.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting adequate liquidity and lower trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rate trends, and sector-specific performance influence FAD's performance. Investors should monitor these factors.
Growth Trajectory
FAD's growth trajectory depends on the continued effectiveness of its AlphaDEXu00ae methodology and investor demand for growth-oriented ETFs. Any changes to the methodology or holdings should be closely watched.
Moat and Competitive Advantages
Competitive Edge
FAD's competitive edge lies in its AlphaDEXu00ae methodology, which aims to identify and overweight growth stocks with strong fundamentals. This quantitative approach differentiates it from passively managed, market-cap weighted ETFs. The potential for alpha generation, though not guaranteed, is a key selling point. However, it's higher expense ratio is a disadvantage when compared to its competitors.
Risk Analysis
Volatility
FAD's volatility is comparable to other growth-oriented ETFs. Historical data can provide insights into its risk profile.
Market Risk
The fund is exposed to market risk, particularly related to the performance of growth stocks. Economic downturns or sector-specific weakness can negatively impact its performance.
Investor Profile
Ideal Investor Profile
The ideal investor for FAD is one seeking growth exposure with a tolerance for moderate risk and a willingness to pay a higher expense ratio for a potentially active strategy.
Market Risk
FAD is more suitable for long-term investors seeking growth potential, although active traders may also use it for tactical exposure.
Summary
First Trust Multi Cap Growth AlphaDEXu00ae Fund seeks to track the NASDAQ AlphaDEXu00ae Multi Cap Growth Index, employing a quantitative methodology to identify and weight growth stocks. It offers a differentiated approach compared to passively managed ETFs, but its higher expense ratio is a drawback. The fund's performance is influenced by broader market conditions and the effectiveness of its stock selection process. FAD is best suited for long-term investors seeking growth exposure and willing to accept moderate risk, the AI rates this fund as average.
Peer Comparison
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investors should consult with a qualified financial advisor before making any investment decisions. Market share data and financial figures are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Multi Cap Growth AlphaDEX® Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select growth stocks from the NASDAQ US 500 Large Cap Index TM, NASDAQ US 600 Mid Cap Index TM and NASDAQ US 700 Small Cap Index TM that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.