First Trust Multi Cap Value AlphaDEX Fund
$101.41−0.69 (−0.68%)
- Expense ratio
- 0.66%
- Fund size
- $164M
- 1Y return
- +19.2%
- Yield · Last 12 months
- 1.57%
- Holdings
- 674
- Volume · 30D
- 0M sh
- NAV per share
- $102.33
- 52W range
The ETF.net FAB Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 7Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 60Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 86Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on FAB
COne of the original 2007 AlphaDEX funds: rather than buying value by size, it scores stocks on value and growth factors, cuts the weakest ranks, and tier-weights the roughly 700 survivors across large, mid and small caps.
The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Multi Cap ValueTM Index. It normally invests at least 90% of net assets in securities comprising that Index.
Why people hold it
- The rules rank stocks on value and growth factors, drop the lowest-ranked names, then sort the keepers into five weight tiers, so higher-ranked picks get the bigger slice.sec.govindexes.nasdaq.com
- Weights follow rank, not market cap (equal weighting inside each tier), so the portfolio has a different shape than cap-weighted value peers like VTV and IWD.indexes.nasdaq.com
- Roughly 700 holdings reaching down into mid and small caps, a wider value net than a large-cap-only screen.
- It sticks to the job description: at least 90% of net assets in its Nasdaq index constituents, and it has tracked that index closely.
Worth knowing
- At 0.66% a year it costs several times the roughly 0.20% median for US value ETFs. The quant screening and reweighting is what the fee buys.
- Shares change hands thinly, which can mean wider bid-ask spreads and more slippage on bigger orders than the giants of the category.
- The index is reconstituted and rebalanced quarterly, so the roster turns over faster than a slow-moving cap-weighted index, which can add trading and tax friction.sec.gov
FAB Holdings
- Other
- 674
- 6%
- CTSH
Sectors
- Financials21.5%
- Energy13.4%
- Consumer Discr.12.6%
- Technology9.1%
- Industrials9.0%
- Utilities7.2%
- Health Care6.6%
- Cons. Staples6.4%
- Real Estate6.3%
- Communication4.0%
- Materials3.9%
Geography
- United States94.63%
- Bermuda2.29%
- Ireland1.62%
- Switzerland0.99%
- Puerto Rico0.17%
- Cayman Islands0.14%
- United Kingdom0.08%
- Netherlands0.07%
FAB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FAB |
|---|---|
| Year to date | +15.4% |
| 1 month | −5.1% |
| 3 months | +3.0% |
| 1 year | +19.2% |
| 3 years | +15.5% |
| 5 years | +9.8% |
| 10 years | +10.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FAB |
|---|---|---|
| 2026 YTD | +15.4% | |
| 2025 | +9.9% | |
| 2024 | +7.8% | |
| 2023 | +15.8% | |
| 2022 | −6.8% | |
| 2021 | +30.8% | |
| 2020 | +2.4% |
FAB in the news
ETF.net Research hasn’t filed on FAB yet — coverage lands here as it’s written.
FAB Dividends
- 1.57%
- $1.60
- $0.35 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.35 |
| Mar 26, 2026 | Mar 31, 2026 | $0.36 |
| Dec 12, 2025 | Dec 31, 2025 | $0.51 |
| Sep 25, 2025 | Sep 30, 2025 | $0.38 |
| Jun 26, 2025 | Jun 30, 2025 | $0.31 |
| Mar 27, 2025 | Mar 31, 2025 | $0.20 |
| Dec 13, 2024 | Dec 31, 2024 | $0.58 |
| Sep 26, 2024 | Sep 30, 2024 | $0.45 |
| Jun 27, 2024 | Jun 28, 2024 | $0.38 |
| Mar 21, 2024 | Mar 28, 2024 | $0.24 |
| Dec 22, 2023 | Dec 29, 2023 | $0.54 |
| Sep 22, 2023 | Sep 29, 2023 | $0.38 |
FAB Risk
- 14.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FAB Cost
- The middle half of US Value Index funds
- Median 0.20%
37 of the 41 US Value Index funds charge less.