First Trust Small Cap Value AlphaDEX FundFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$28.20
- Net Assets:$59.5 Million
- Peer Rank:218 of 323
- Investment Rating:C-
We rate First Trust Small Cap Val AlphaDEX at C-. Positive factors that influence this rating include a low expense structure. 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 below peers over the last three years. The First Trust Small Cap Val AlphaDEX has returned an annual rate of 7.74% since inception. More recently, the fund has generated a total return of 2.93% in the last three years, -9.98% in the last year, and 5.98% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 40% of them. It has also outpaced 23% of its competitors on a one year basis for the period ending 6/30/2016. On a year to date basis, FYT has returned 5.98%.
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 16.7%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $28.20, which is 5.2% below its 52-week high of $29.76 and 5.2% above its 52-week low of $26.81.
High expense ratio hinders performance. 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 115 First Trust Advisors LP exchange-traded funds launched since 6/12/2003 that we track.