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First Trust Multi Cap Growth AlphaDEX® Fund (FAD)
- BUY Advisory
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Upturn Advisory Summary
12/19/2024: FAD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: 3.58% | Upturn Advisory Performance  3 | Avg. Invested days: 53 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: WEAK BUY |
Historic Profit: 3.58% | Avg. Invested days: 53 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 5834 | Beta 1.14 |
52 Weeks Range 107.70 - 150.05 | Updated Date 12/21/2024 |
52 Weeks Range 107.70 - 150.05 | Updated Date 12/21/2024 |
AI Summarization
ETF First Trust Multi Cap Growth AlphaDEX® Fund Summary
Profile: This ETF seeks long-term capital appreciation by investing in U.S. equity securities of companies with above-average growth characteristics. It employs a quantitative model to identify stocks with strong growth potential, focusing on factors such as earnings revisions, price momentum, and analyst recommendations. The fund maintains a diversified portfolio across various sectors and market capitalizations.
Objective: The primary goal of the ETF is to outperform the Russell 1000 Growth Index by identifying and investing in companies with strong future growth prospects.
Issuer: First Trust Advisors L.P. is the issuer of this ETF.
Reputation and Reliability: First Trust is a reputable asset management firm with over $200 billion in assets under management. The firm has a strong track record of launching and managing successful ETFs.
Management: The ETF is managed by a team of experienced portfolio managers with expertise in quantitative analysis and growth investing strategies.
Market Share: The ETF currently holds a market share of approximately 0.1% within the multi-cap growth ETF category.
Total Net Assets: The ETF has approximately $1.3 billion in total net assets.
Moat: The ETF's competitive advantage lies in its proprietary quantitative model, which leverages a unique blend of factors to identify high-growth companies. Additionally, the experienced management team and diversified portfolio contribute to its edge.
Financial Performance: Historically, the ETF has outperformed the Russell 1000 Growth Index, generating higher returns with similar levels of risk. However, past performance is not a guarantee of future results.
Growth Trajectory: The ETF has experienced steady growth in assets under management, indicating increasing investor confidence in its strategy.
Liquidity: The ETF has a relatively high average trading volume, indicating good liquidity. The bid-ask spread is also tight, reflecting low transaction costs.
Market Dynamics: The ETF's performance is influenced by factors such as economic growth, interest rates, and investor sentiment towards growth stocks.
Competitors: Key competitors include iShares Russell 1000 Growth ETF (IWF), Vanguard Russell 1000 Growth ETF (VONG), and Invesco S&P 500 Growth ETF (IVW).
Expense Ratio: The ETF's expense ratio is 0.65%, which is slightly higher than the average for similar ETFs.
Investment Approach and Strategy: The ETF uses a quantitative model to select stocks from the Russell 1000 Growth Index. The portfolio consists primarily of large-cap and mid-cap stocks across various sectors.
Key Points:
- Focus on high-growth companies with strong long-term potential.
- Outperformed the benchmark index historically.
- Experienced management team and proprietary quantitative model.
- Diversified portfolio across sectors and market capitalizations.
Risks:
- Volatility: The ETF is exposed to market fluctuations, potentially leading to significant price swings.
- Growth Stock Risk: The ETF invests in growth stocks, which can be more volatile than value stocks.
- Concentration Risk: The ETF's portfolio is concentrated in a limited number of holdings, increasing its exposure to individual stock risks.
Who Should Consider Investing: Investors seeking long-term capital appreciation through exposure to high-growth companies with above-average growth potential may consider this ETF. However, investors should be comfortable with the associated volatility and risk profile.
Fundamental Rating Based on AI: 7.5/10
The ETF's strong track record, experienced management team, and proprietary quantitative model are positive factors. However, the relatively high expense ratio and concentration risk are potential drawbacks. Overall, the ETF receives a favorable rating based on its fundamentals, indicating its potential for success.
Resources and Disclaimers: This analysis utilized data from ETF.com, Yahoo Finance, and First Trust Advisors L.P.'s website. This information is for educational purposes only and should not be considered financial advice. Investors should conduct their due diligence and consult with a qualified financial advisor before making any investment decisions.
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
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.
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