First Trust Small Cap Value AlphaDEX Fund

Frequently Asked Questions About FYT

What does FYT invest in?

First Trust Exchange-Traded AlphaDEX Fund - First Trust Small Cap Value AlphaDEX Fund is an exchange traded fund launched and managed by First Trust Advisors LP. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of small-cap companies. It seeks to track the performance of the Nasdaq AlphaDEX Small Cap Value Index, by using full replication technique. First Trust Exchange-Traded AlphaDEX Fund - First Trust Small Cap Value AlphaDEX Fund was formed on April 19, 2011 and is domiciled in the United States.

What is the expense ratio of FYT?

First Trust Small Cap Value AlphaDEX Fund (FYT) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FYT?

First Trust Small Cap Value AlphaDEX Fund (FYT) manages $189.4M 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 FYT actively managed or an index fund?

FYT 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 (FYT's is 0.70%) because there's no security selection cost.

When was FYT launched?

First Trust Small Cap Value AlphaDEX Fund (FYT) launched in April 2011 and is managed by First Trust.

How has FYT performed?

FYT'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.