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First Trust Multi Cap Growth AlphaDEX® Fund (FAD)
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Upturn Advisory Summary
11/05/2025: 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 40.55% | Avg. Invested days 71 | 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 11/05/2025 |
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) is an exchange-traded fund that seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ AlphaDEXu00ae Multi Cap Growth Index. It focuses on growth stocks of mid- and large-capitalization U.S. companies, using an AlphaDEXu00ae methodology to select and weight holdings based on growth factors.
Reputation and Reliability
First Trust is a well-established ETF provider with a solid reputation in the industry.
Management Expertise
First Trust has a dedicated team of investment professionals with experience in managing ETFs and utilizing quantitative investment strategies.
Investment Objective
Goal
Seeks investment results that correspond generally to the price and yield of the NASDAQ AlphaDEXu00ae Multi Cap Growth Index.
Investment Approach and Strategy
Strategy: The fund employs a quantitative, rules-based approach to select growth stocks, aiming to outperform traditional market-cap weighted indexes.
Composition The ETF primarily holds U.S. growth stocks across various sectors, with a focus on mid- and large-cap companies.
Market Position
Market Share: FAD's market share within the multi-cap growth ETF segment is moderate.
Total Net Assets (AUM): 1522000000
Competitors
Key Competitors
- VUG
- IWF
- RPG
Competitive Landscape
The multi-cap growth ETF industry is highly competitive, with many well-established players. FAD differentiates itself through its AlphaDEXu00ae methodology, aiming to identify and select growth stocks with strong fundamentals. However, it faces competition from larger, more liquid ETFs with lower expense ratios. FAD is suitable for investors seeking a smart-beta approach to growth investing, while its competitors offer broad market exposure.
Financial Performance
Historical Performance: Historical performance can be reviewed on financial websites, taking into account market fluctuations and fund-specific strategies.
Benchmark Comparison: The fund's performance should be compared to the NASDAQ AlphaDEXu00ae Multi Cap Growth Index to assess its tracking efficiency.
Expense Ratio: 0.7
Liquidity
Average Trading Volume
The average trading volume is moderate, indicating reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is generally tight, suggesting relatively low trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rates, inflation, and investor sentiment towards growth stocks can all impact FAD's performance.
Growth Trajectory
The ETF's growth trajectory is linked to the performance of its underlying holdings and the effectiveness of its AlphaDEXu00ae methodology. Changes in factor weightings and sector allocations can influence its future performance.
Moat and Competitive Advantages
Competitive Edge
FAD's competitive advantage lies in its proprietary AlphaDEXu00ae methodology, which seeks to identify growth stocks with strong fundamentals and potential for outperformance. This approach aims to provide a smart-beta alternative to traditional market-cap weighted growth indexes. The fund's focus on growth factors may appeal to investors seeking higher returns. The AlphaDEXu00ae strategy differentiates it from passively managed ETFs.
Risk Analysis
Volatility
FAD's volatility is likely to be similar to that of other growth-oriented ETFs, potentially higher than broader market indexes.
Market Risk
The fund is exposed to market risk, particularly associated with growth stocks and the overall economic environment. Sector-specific risks may also apply depending on the fund's allocation.
Investor Profile
Ideal Investor Profile
FAD is suitable for investors seeking exposure to U.S. growth stocks with a smart-beta approach and a tolerance for moderate volatility.
Market Risk
The fund is potentially suitable for long-term investors who believe in the AlphaDEXu00ae methodology and are comfortable with the risks associated with growth stocks.
Summary
First Trust Multi Cap Growth AlphaDEXu00ae Fund (FAD) offers exposure to U.S. growth stocks using a proprietary AlphaDEXu00ae methodology. The fund aims to outperform traditional market-cap weighted indexes by selecting stocks based on growth factors. It is a suitable option for investors seeking a smart-beta approach to growth investing, with a moderate expense ratio and reasonable liquidity. Investors should consider the fund's historical performance, benchmark comparison, and risk profile before investing. FAD provides an alternative to passive growth ETFs.
Similar ETFs
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market data is subject to change.
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.