First Trust Small Cap Core AlphaDEX Fund (FYX)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
FYX Chart
FYX: Robust YTD Performance, But Weak Quality Amplifies Risks, It's A Hold Rating
I initiate coverage of the First Trust Small Cap Core AlphaDEX Fund ETF with a Hold rating, citing quality concerns and weak historical risk metrics. FYX's sophisticated, high-turnover strategy offers a considerable depth of exposure but also fairly weak quality, including a significant allocation to unprofitable, net CFFO-negative names. FYX has trounced IVV this year, yet its annualized active return over May 2016–July 2026 was negative, and the downside capture ratio was almost 116%.
Should First Trust Small Cap Core AlphaDEX ETF (FYX) Be on Your Investing Radar?
The First Trust Small Cap Core AlphaDEX ETF (FYX) was launched on May 8, 2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Blend segment of the US equity market.
Is First Trust Small Cap Core AlphaDEX ETF (FYX) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Small Cap Blend category of the market, the First Trust Small Cap Core AlphaDEX ETF (FYX) is a smart beta exchange traded fund launched on 05/08/2007.
First Trust Small Cap Core AlphaDEX Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 64,962 | $9.37M | $9.42M | $46,939.5 | 0.5% |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 300 | $43,290 | $43,214.91 | -$75.09 | -0.17% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 30,029 | $3.94M | $4.33M | $396,297.89 | 10.07% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 22,106 | $2.29M | $3.23M | $942,301.8 | 41.19% |
| YA Yinka Akinsola Blue Trust Inc. | 48 | $5,728.8 | $6,808.32 | $1,079.52 | 18.84% |
First Trust Small Cap Core AlphaDEX Fund (FYX) FAQ
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First Trust Small Cap Core AlphaDEX Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The described company is a financial entity that concentrates on investing in stocks of small cap companies within the NASDAQ US 700 Small Cap Index using a specialized selection methodology known as AlphaDEX®. This method aims to optimize the portfolio’s performance by potentially generating positive alpha, which represents risk-adjusted returns that surpass those of traditional indices. The fund commits to allocating at least 90% of its net assets, including any investment borrowings, into securities that are part of the index it tracks. This approach articulates a strategy focused on achieving enhanced portfolio returns by leveraging sophisticated selection criteria and risk management techniques.
Products and Services
- AlphaDEX® Selected Small Cap Equity Investments
This product involves the selection of small cap stocks from the NASDAQ US 700 Small Cap Index. By applying the AlphaDEX® selection methodology, the fund seeks to invest in companies that exhibit potential for high risk-adjusted returns relative to traditional market indices. This approach prioritizes investments that the fund's management believes are poised for superior performance, aiming to capitalize on the unique growth opportunities presented by the small cap segment.
