First Trust China AlphaDEX Fund

Frequently Asked Questions About FCA

What does FCA invest in?

FCA offers broad China exposure with a twistit implements its AlphaDex methodology to select a concentrated portfolio of 50 stocks from the S&P China BMI universe based on a number of growth and value factors, subject to weighting constraints set at 15% above the sector percentages of the base index. The fund's tiered equal-weighting structure contributes to its significant mid and small-cap exposure. The fund is also rebalanced and reconstituted semi-annually. Overall, FCA is a breath of fresh air for those wanting to shy away from the 'big 4' Chinese state-owned banks that carry such a heavy hand in most China ETFs.

What is the expense ratio of FCA?

First Trust China AlphaDEX Fund (FCA) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FCA?

First Trust China AlphaDEX Fund (FCA) manages $32.5M 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 FCA actively managed or an index fund?

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

When was FCA launched?

First Trust China AlphaDEX Fund (FCA) launched in April 2011 and is managed by First Trust.

How has FCA performed?

FCA'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.