First Trust Small Cap Value AlphaDEX FundFind Ratings Reports
- Last Ratings Update:12/31/2016
- Price as of 12/31/2016 :$34.83
- Net Assets:$59.5 Million
- Peer Rank:152 of 343
- Investment Rating:B-
We rate First Trust Small Cap Val AlphaDEX at B-. Positive factors that influence this rating include a greater than above average total return, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The First Trust Small Cap Val AlphaDEX has returned an annual rate of 11.43% since inception. More recently, the fund has generated a total return of 12.94% in the last five years, 4.24% in the last three years, and 30.18% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 77% of them. It has also outpaced 52% of its competitors on a three year basis and 92% of them over the last year for the period ending 12/31/2016. On a year to date basis, FYT has returned 30.18%.
Downside risk has been below average. FYT has a draw down risk of -25.36%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 12/31/2016, the fund was trading at a price of $34.83, which is 3.5% below its 52-week high of $36.08 and 4.1% above its 52-week low of $33.46.
High expense ratio hinders performance. On total assets of $59.50 million, FYT maintains a high expense ratio compared to its Growth - Domestic peers of 0.70% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FYT is an exchange traded fund, it has no front end or back end load.
The First Trust Small Cap Val AlphaDEX is managed by Daniel J. Lindquist at First Trust Advisors LP. This fund is one of 123 First Trust Advisors LP exchange-traded funds launched since 6/12/2003 that we track.