First Trust Developed Markets ex-US Small Cap AlphaDEX Fund
FDTS
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Feb 16, 2012
- CIK
- 0001510337
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before the fund's fees and expenses, of the Nasdaq AlphaDEX Developed Markets ex-US Small Cap Index. The fund normally invests at least 90% of its net assets, including investment borrowings, in the securities comprising the index, which selects approximately 400 small-cap stocks from the Nasdaq Developed Markets ex-US Index using the proprietary AlphaDEX stock selection methodology to identify stocks with potential positive alpha relative to traditional market-cap weighted indices based on growth and value factors. The index ranks eligible stocks on fundamental factors such as price momentum, sales growth, and price-to-book ratio, then equally weights them within quintiles by score; the fund holds these non-U.S. equities across diversified sectors including industrials, financials, and consumer discretionary, with top holdings subject to semi-annual reconstitution and rebalancing. Launched on February 15, 2012, and domiciled in the United States with headquarters in Wheaton, Illinois through its investment adviser First Trust Advisors L.P., FDTS primarily targets investors seeking exposure to developed markets outside the U.S., including Europe, Japan, and Asia-Pacific regions, while exhibiting characteristics of foreign small/mid value strategies. In October 2015, the fund underwent a significant change when its underlying index shifted from the Defined Developed Markets ex-US Small Cap Index to the current Nasdaq AlphaDEX Developed Markets ex-US Small Cap Index, enhancing its focus on alpha-generating small-cap selection criteria. More recently, First Trust Advisors L.P., the fund's adviser, has pursued strategic reorganizations including the completion in June 2025 of the merger of First Trust Specialty Finance and Financial Opportunities Fund into the FT Confluence BDC & Specialty Finance Income ETF, and earlier in October 2025 the reorganization of certain WCM-focused mutual funds into First Trust ETFs. These moves reflect broader operational expansions in ETF offerings, with First Trust managing approximately $304 billion in assets as of late 2025 across exchange-traded funds, unit investment trusts, and other vehicles, alongside routine quarterly distributions for FDTS such as $0.1232 and $0.1503 declared in 2025. The firm also implemented investment strategy changes for other products, such as renaming and reindexing a small-cap growth ETF to FSGS in December 2024, underscoring ongoing portfolio optimization efforts.