First Trust Multi Cap Growth AlphaDEX Fund

Frequently Asked Questions About FAD

What does FAD invest in?

The First Trust Multi Cap Growth AlphaDEX Fund operates as an exchange-traded fund (ETF). Its central aim is to achieve investment returns that largely reflect the overall performance—encompassing both capital appreciation and income generation—of a particular equity benchmark. This benchmark is known as the Nasdaq AlphaDEX Multi Cap Growth Index, with its performance tracked prior to the subtraction of any management fees or operational costs.

What is the expense ratio of FAD?

First Trust Multi Cap Growth AlphaDEX Fund (FAD) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FAD?

First Trust Multi Cap Growth AlphaDEX Fund (FAD) manages $571.1M 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 FAD actively managed or an index fund?

FAD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FAD launched?

First Trust Multi Cap Growth AlphaDEX Fund (FAD) launched in May 2007 and is managed by First Trust.

How has FAD performed?

FAD'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.