Symbols

FEX

First Trust Large Cap Core AlphaDEX Fund·NASDAQ

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Key Stats

Assets Under Management

1.41BUSD

Fund Flows (1Y)

-62.68MUSD

Dividend Yield

1.06%

Discount/Premium to NAV

-0.02%

Shares Outstanding

11.60M

Expense Ratio

0.58%

About First Trust Large Cap Core AlphaDEX Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/etf/ETFsummary.aspx?Ticker=FEX

Inception Date

May 8, 2007

Structure

Open-Ended Fund

Index Tracked

NASDAQ AlphaDEX Large Cap Core Index

Management Style

Passive

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

FEX aims to outperform the broader large-cap space using an intricate methodology. It classifies securities as either growth, value, or both. Then, it scores and ranks them according to their performance with regard to that classification. After selecting the top 375 stocks based on their score, it divides these stocks into quintiles. To build its portfolio, it equal-weights the stocks within each quintile, but weights the fund overall toward the top-ranked quintiles. In the past, FEX tracked the S&P Defined Large-Cap Core Index, though it changed to the NASDAQ AlphaDEX Large-Cap Core Index in April 2016.