# First Trust Multi Cap Value AlphaDEX Fund (FAB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fab for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Multi Cap Value - Strategy: Passive Index · Inception: 2007-05-08 FAB holds a broad value-focused portfolio of stocks from the Nasdaq US Select Index Family. The fund uses a quantitative methodology to select and weight securities in three different size segments. In particular, FAB uses three value factors (P/B, ROA, and P/FCF) to rank companies. Once the fund has selected those firms best positioned for value, it employs a tiered weighting strategy that assigns weights of 50% to large caps, 30% to midcaps and 20% to small-caps. FAB makes huge sector bets and carries a small tilt. The index is reconstituted and rebalanced quarterly. Note: On April 8, 201... ## Key Facts | Metric | Value | |---|---| | Price | $104.63 | | Expense Ratio | 0.66% | | Assets Under Management | $163.1M | | NAV | $105.22 | | Holdings Count | 674 | | Distribution Yield (TTM) | 1.69% | | Annual Distribution (TTM) | $1.76 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $83.76 – $108.60 | | Beta | 0.77 | ## Latest Distribution - Amount: $0.5387 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does FAB invest in? FAB holds a broad value-focused portfolio of stocks from the Nasdaq US Select Index Family. The fund uses a quantitative methodology to select and weight securities in three different size segments. In particular, FAB uses three value factors (P/B, ROA, and P/FCF) to rank companies. Once the fund has selected those firms best positioned for value, it employs a tiered weighting strategy that assigns weights of 50% to large caps, 30% to midcaps and 20% to small-caps. FAB makes huge sector bets and carries a small tilt. The index is reconstituted and rebalanced quarterly. Note: On April 8, 2016, the fund switched underlying indexes from the old Defined index to the current Nasdaq version. The index universe may differ slightly but the factors and methodology are the same. ### What is the expense ratio of FAB? First Trust Multi Cap Value AlphaDEX Fund (FAB) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FAB? First Trust Multi Cap Value AlphaDEX Fund (FAB) manages $163.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FAB actively managed or an index fund? FAB is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FAB's is 0.66%) because there's no security selection cost. ### When was FAB launched? First Trust Multi Cap Value AlphaDEX Fund (FAB) launched in May 2007 and is managed by First Trust. ### How has FAB performed? FAB's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FAB pay a dividend? First Trust Multi Cap Value AlphaDEX Fund (FAB) currently distributes little or no income. Trailing-twelve-month yield is 1.69%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FAB pay dividends? First Trust Multi Cap Value AlphaDEX Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FAB's dividend yield? FAB's trailing-twelve-month yield is 1.69%, calculated from the sum of dividends over the past year divided by the current price. ### When is FAB's next ex-dividend date? The most recently announced ex-dividend date for FAB was 2026-09-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FAB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.66% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FAB charge its expense ratio? The expense ratio is deducted in tiny daily slices from FAB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FAB cost more than a fund like VOO? FAB is a passive index fund (current expense ratio 0.66%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FAB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FAB (0.66%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fab - Distribution history: https://www.dividenddata.com/funds/fab/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fab/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fab/expenses - Peer comparison: https://www.dividenddata.com/funds/fab/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.