Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
First Trust Small Cap Growth AlphaDEX Fund
$114.19−0.66 (−0.57%)
- 0.70%
- $1.3B
- +28.2%
- 0.11%
- 0.1M sh
- $115.32
- low $86.85high $127.57
The ETF.net FYC Grade
C
Score 46 out of 100
- 28 of 35
Score 46 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.F0 out of 100Rank 35 of 35Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 26 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 16 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 22 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 4 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 17 of 35
Our read on FYC
CSmall-cap growth, but not by market cap. The AlphaDEX screen ranks the Nasdaq US 700 Small Cap universe on growth and value factors, keeps the best scorers, tiers their weights by rank, and reshuffles quarterly. Rules-based stock picking, not index hugging.
The fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Small Cap Growth Index through an indexing approach.
Why people hold it
- Weight follows score, not size: selected names are split into quintiles, higher-scoring quintiles get the bigger share of the index, and stocks sit equal-weighted inside each quintile.sec.gov
- The screen blends both sides of the style aisle, ranking on growth factors (3-, 6- and 12-month price moves, sales-to-price, sales growth) and value factors (book-to-price, cash-flow-to-price, return on assets).sec.gov
- The index is reconstituted and rebalanced quarterly, so the roughly 300 small caps it holds get re-scored four times a year instead of riding a static list.sec.gov
- Live since 2011 and now a multi-billion-dollar fund, meaning this methodology has been run through more than one small-cap boom and bust rather than back-tested through them.
Worth knowing
- Cost is the headline trade-off: 0.70% a year, well above the typical fund in its growth peer group, where cap-weighted options like SPYG, SCHG and VUG run at or below 0.04%.
- The prospectus flags that the quarterly reconstitution schedule may produce a higher rate of portfolio turnover, with the trading costs and in-fund capital gains that can come with it.sec.gov
- Because weights ignore market cap, the fund can concentrate in an industry group when its index does, and it trades only moderately, so spreads deserve a look before you place an order.sec.gov
FYC Holdings
- Stocks
- 263
- 7%
- PENG
Sectors
- Health Care29.3%
- Technology19.8%
- Industrials13.6%
- Financials13.0%
- Consumer Discretionary6.8%
- Real Estate5.4%
- Energy4.4%
- Communication3.7%
- Materials2.5%
- Utilities0.8%
- Consumer Staples0.7%
Geography
- United States98.84%
- Canada0.40%
- United Kingdom0.36%
- Bahamas0.21%
- Ireland0.19%
FYC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FYC$12,817
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 | FYC |
|---|---|
| Year to date | +19.6% |
| 1 month | −1.7% |
| 3 months | −5.7% |
| 1 year | +28.2% |
| 3 years | +28.4% |
| 5 years | +10.3% |
| 10 years | +13.7% |
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 | FYC |
|---|---|---|
| 2026 YTD | +19.6% | |
| 2025 | +24.2% | |
| 2024 | +24.0% | |
| 2023 | +14.5% | |
| 2022 | −25.9% | |
| 2021 | +21.6% | |
| 2020 | +32.3% |
FYC in the news
FYC Dividends
- 0.11%
- $0.13
- $0.13 per share
- Irregular
Distribution history
FYC Risk
- 21.1%
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.
- 1.05
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.
- −35.4%
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.
- 1.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FYC Cost
0.70%
FYC0.70%
- The middle half of US Growth Index funds
- Median 0.18%
Every other US Growth Index fund charges less.
Other funds in US Growth Index
- CPWBInvesco Large Cap Growth ETFExpense ratio 0.55%1 year return +30.7%
- CGFLWVictory Portfolios II - Victoryshares Free Cash Flow Growth ETFExpense ratio 0.50%1 year return +21.7%
- CPRXGPraxis Impact Large Cap Growth ETFExpense ratio 0.36%1 year return +18.1%
- CFTGSFirst Trust Growth Strength ETFExpense ratio 0.60%1 year return +9.1%
- CQQQGPacer Nasdaq-100 Top 50 Cash Cows Growth Leaders ETFExpense ratio 0.49%1 year return +36.2%