The First Trust Small Cap Value AlphaDEX ETF (FYT) was launched on April 19, 2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Value segment of the US equity market.
A smart beta exchange traded fund, the First Trust Small Cap Value AlphaDEX ETF (FYT) debuted on 04/19/2011, and offers broad exposure to the Style Box - Small Cap Value category of the market.
First Trust Small Cap Value AlphaDEX® Fund ETF combines two factors of the Fama-French model, size and value. FYT is well diversified across holdings, but quite concentrated in financials. FYT combines value and growth characteristics and shows impressive dividend growth.