Key stats
About First Trust Multi Cap Value AlphaDEX Fund
Home page
Inception date
May 8, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FAB holds a broad value-focused portfolio of stocks from the Nasdaq US Select Index Family. The fund uses a quantitative methodology to select and weight securities in three different size segments. In particular, FAB uses three value factors (P/B, ROA, and P/FCF) to rank companies. Once the fund has selected those firms best positioned for value, it employs a tiered weighting strategy that assigns weights of 50% to large caps, 30% to midcaps and 20% to small-caps. FAB makes huge sector bets and carries a small tilt. 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. The index universe may differ slightly but the factors and methodology are the same.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.93%
Finance24.90%
Energy Minerals7.18%
Producer Manufacturing6.82%
Utilities6.53%
Retail Trade6.06%
Consumer Durables5.81%
Electronic Technology5.55%
Process Industries5.41%
Consumer Non-Durables4.52%
Transportation3.77%
Technology Services3.58%
Health Technology3.57%
Consumer Services3.10%
Health Services2.84%
Non-Energy Minerals2.70%
Commercial Services2.55%
Industrial Services2.11%
Distribution Services2.02%
Communications0.89%
Bonds, Cash & Other0.07%
Mutual fund0.07%
Stock breakdown by region
North America98.48%
Europe1.52%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FAB invests in stocks. The fund's major sectors are Finance, with 24.90% stocks, and Energy Minerals, with 7.18% of the basket. The assets are mostly located in the North America region.
FAB top holdings are Western Digital Corporation and CF Industries Holdings, Inc., occupying 0.57% and 0.52% of the portfolio correspondingly.
FAB last dividends amounted to 0.20 USD. The quarter before, the issuer paid 0.58 USD in dividends, which shows a 195.90% decrease.
FAB assets under management is 116.60 M USD. It's risen 6.15% over the last month.
FAB fund flows account for −36.76 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FAB pays dividends to its holders with the dividend yield of 2.05%. The last dividend (Mar 31, 2025) amounted to 0.19 USD. The dividends are paid quarterly.
FAB shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 8, 2007, and its management style is Passive.
FAB expense ratio is 0.64% meaning you'd have to pay 0.64% of your investment to help manage the fund.
FAB follows the Nasdaq AlphaDEX Multi Cap Value. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FAB invests in stocks.
FAB price has risen by 6.57% over the last month, and its yearly performance shows a −4.19% decrease. See more dynamics on FAB price chart.
NAV returns, another gauge of an ETF dynamics, showed a −4.99% decrease in three-month performance and has decreased by −2.35% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −4.99% decrease in three-month performance and has decreased by −2.35% in a year.
FAB trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.