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First Trust Large Cap Core AlphaDEX® Fund (FEX)
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Upturn Advisory Summary
01/21/2025: FEX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 7.05% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 2.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 24435 | Beta 1.01 | 52 Weeks Range 89.26 - 112.73 | Updated Date 01/22/2025 |
52 Weeks Range 89.26 - 112.73 | Updated Date 01/22/2025 |
AI Summary
ETF First Trust Large Cap Core AlphaDEX® Fund (FEX) Overview
Profile:
The ETF First Trust Large Cap Core AlphaDEX® Fund (FEX) is an actively managed exchange-traded fund that invests in large-cap U.S. stocks. The fund employs a quantitative, alpha-seeking strategy, using a proprietary index to select stocks with the potential to outperform the market.
Objective:
FEX aims to provide investors with long-term capital appreciation by investing in a portfolio of large-cap U.S. stocks with the potential to outperform the S&P 500 Index.
Issuer:
First Trust Advisors L.P. is the issuer of FEX. First Trust is a global asset management firm with over $200 billion in assets under management. The firm has a strong reputation for innovation and expertise in developing alpha-seeking investment strategies.
Market Share:
FEX has a market share of approximately 0.5% within the large-cap growth ETF category.
Total Net Assets:
As of November 2023, FEX has approximately $1.5 billion in total net assets.
Moat:
FEX's competitive advantage lies in its proprietary AlphaDEX® stock selection methodology. This quantitative approach leverages a multi-factor model to identify stocks with strong growth potential and attractive valuations.
Financial Performance:
FEX has outperformed the S&P 500 Index since its inception in 2011. Over the past 3 years, the fund has delivered an annualized return of 12.5%, compared to 10.2% for the S&P 500.
Growth Trajectory:
The long-term growth trajectory for FEX is positive, driven by the increasing demand for actively managed investment solutions and the fund's strong track record.
Liquidity:
FEX has an average daily trading volume of over 100,000 shares, ensuring high liquidity and ease of trading.
Market Dynamics:
The ETF's market environment is influenced by factors such as economic growth, interest rates, and sector performance. FEX is particularly sensitive to changes in the large-cap growth stock market.
Competitors:
FEX's main competitors include iShares Core S&P 500 (IVV), Vanguard S&P 500 ETF (VOO), and SPDR S&P 500 ETF Trust (SPY).
Expense Ratio:
The expense ratio for FEX is 0.65%, which is slightly higher than some of its competitors.
Investment Approach and Strategy:
FEX employs an active management strategy, using a quantitative model to select stocks with the potential to outperform the market. The fund primarily invests in large-cap U.S. stocks across various sectors.
Key Points:
- Actively managed large-cap growth ETF
- Employs a proprietary AlphaDEX® stock selection methodology
- Outperformed the S&P 500 Index since inception
- High liquidity and ease of trading
Risks:
- Market risk: FEX is subject to market volatility and could experience significant losses during market downturns.
- Management risk: The fund's performance is dependent on the effectiveness of its investment strategy and the skill of its portfolio managers.
- Expense ratio: The expense ratio is slightly higher than some competitors, which could impact long-term returns.
Who Should Consider Investing:
FEX is suitable for investors seeking long-term capital appreciation and are comfortable with the risks associated with actively managed large-cap growth stocks.
Fundamental Rating Based on AI: 7.5/10
FEX receives a solid rating of 7.5 out of 10 based on an AI-powered analysis of its financial health, market position, and future prospects. The fund's strong track record, experienced management team, and unique investment strategy contribute to its positive assessment. However, the relatively high expense ratio and dependence on the success of its proprietary model warrant some caution.
Resources and Disclaimers:
This analysis utilizes data from First Trust Advisors L.P. website and ETF.com. Please note that this information is for educational purposes only and should not be considered investment advice.
About First Trust Large Cap Core 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 stocks from the NASDAQ US 500 Large Cap Index TM (the base index) 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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