First Trust Multi Cap Value AlphaDEX Fund (FAB)
First Trust Multi Cap Value AlphaDEX Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $106.92, down 0.14% on the session, giving a market capitalisation of $139.1M. Its beta of 0.77 implies it has historically moved less than the broad market.
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.
First Trust Multi Cap Value AlphaDEX Fund is most often compared with the following Financial Services names: