First Trust Large Cap Core AlphaDEX Fund

Frequently Asked Questions About FEX

What does FEX invest in?

First Trust Exchange-Traded AlphaDEX Fund - First Trust Large Cap Core AlphaDEX Fund is an exchange traded fund launched and managed by First Trust Advisors LP. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the Nasdaq AlphaDEX Large Cap Core Index, by using full replication technique. First Trust Exchange-Traded AlphaDEX Fund - First Trust Large Cap Core AlphaDEX Fund was formed on May 8, 2007 and is domiciled in the United States.

What is the expense ratio of FEX?

First Trust Large Cap Core AlphaDEX Fund (FEX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FEX?

First Trust Large Cap Core AlphaDEX Fund (FEX) manages $1.57B 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 FEX actively managed or an index fund?

FEX 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 (FEX's is 0.57%) because there's no security selection cost.

When was FEX launched?

First Trust Large Cap Core AlphaDEX Fund (FEX) launched in May 2007 and is managed by First Trust.

How has FEX performed?

FEX'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.