First Trust Multi Cap Value AlphaDEX Fund
$101.60+0.59 (+0.59%)
- 0.66%
- $156M
- +22.3%
- 1.75%
- 0M sh
- $100.58
- low $83.76high $108.60
The ETF.net FAB Grade
C
Score 52 out of 100
- 25 of 40
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 37 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 8 of 37Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 24 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 13 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A86 out of 100Rank 3 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 24 of 40
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
- 675
- 5%
- DINO
Sectors
- Financials21.6%
- Energy13.3%
- Consumer Discretionary12.6%
- Technology9.1%
- Industrials9.1%
- Utilities7.3%
- Health Care6.9%
- Consumer Staples6.3%
- Real Estate6.1%
- Communication3.9%
- Materials3.8%
Geography
- United States94.72%
- Bermuda2.36%
- Ireland1.49%
- Switzerland0.99%
- Netherlands0.20%
- Puerto Rico0.16%
- Cayman Islands0.07%
FAB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FAB$12,228
Returns run to the Oct 12, 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 | +14.7% |
| 1 month | −3.4% |
| 3 months | −0.6% |
| 1 year | +22.3% |
| 3 years | +15.9% |
| 5 years | +9.2% |
| 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 | +14.7% | |
| 2025 | +9.9% | |
| 2024 | +7.8% | |
| 2023 | +15.8% | |
| 2022 | −6.8% | |
| 2021 | +30.8% | |
| 2020 | +2.4% |
FAB in the news
Category Review
US multifactor funds ran 30 points apart
FAB Dividends
- 1.75%
- $1.76
- $0.54 per share
- Quarterly
Distribution history
FAB Risk
- 15.4%
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.
- 0.66
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
0.66%
FAB0.66%
- The middle half of US Value Index funds
- Median 0.20%
36 of the 40 US Value Index funds charge less.
Other funds in US Value Index
- BSVALiShares US Small Cap Value Factor ETFExpense ratio 0.20%1 year return +35.3%
- BVLUEiShares MSCI USA Value Factor ETFExpense ratio 0.15%1 year return +64.8%
- CFTAFirst Trust Large Cap Value AlphaDEX FundExpense ratio 0.58%1 year return +23.1%
- CPRXVPraxis Impact Large Cap Value ETFExpense ratio 0.36%1 year return +23.9%
- CCOWZPacer US Cash Cows 100 ETFExpense ratio 0.49%1 year return +26.1%