First Trust Mega Cap AlphaDEX Fund (FMK)
First Trust Mega Cap AlphaDEX Fund operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $42.92, up 0.00% on the session, giving a market capitalisation of $33.7M. Its beta of 1.05 implies it has historically moved more than the broad market.
The fund aims to achieve investment results that closely mirror the price performance and income yield of the Nasdaq AlphaDEX Mega Cap Index, prior to accounting for its own expenses. Typically, it allocates a minimum of 90% of its total assets, including any borrowed capital, to the equity securities that make up this index. The index itself is crafted to identify mega-capitalization companies from the broader NASDAQ US 500 Large Cap Index, employing the AlphaDEX selection methodology. This approach seeks to pinpoint stocks that have the potential to deliver superior risk-adjusted returns, or "positive alpha," when compared to conventional benchmarks.
First Trust Mega Cap AlphaDEX Fund is most often compared with the following Financial Services names: