FTA

First Trust Exchange-Traded Alphadex Fund

A family of exchange-traded funds built on a rules-based "enhanced indexing" method that ranks and weights stocks by growth and value factors instead of sheer company size. First Trust began launching the AlphaDEX lineup in 2007, placing it among the early pioneers of the "smart beta" investing space, which blends passive tracking with active-style stock selection. The name splices together "alpha" — finance-speak for beating a market benchmark — with a nod to "indexing," so it reads as "outperform the index."

First Trust Large Cap Value AlphaDEX Fund is an ETF that tracks the Nasdaq AlphaDEX Large Cap Value Index, selecting large-cap U.S. value stocks using a quant-based multi-factor methodology; top sectors include Financials, Energy, and Utilities