First Trust Large Cap Core AlphaDEX Fund
FEX
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- May 10, 2007
- CIK
- 0001383496
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Large Cap Core AlphaDEX Fund (FEX) 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 Large Cap Core Index. The fund employs a passive management strategy to invest in a portfolio of U.S. large-cap equity securities selected from the Nasdaq US 500 Large Cap Index using the proprietary AlphaDEX stock selection methodology, which ranks stocks based on growth factors such as three-, six-, and 12-month price appreciation, sales to price, and one-year sales growth, as well as value factors including book value to price, cash flow to price, and return on assets; the index is rebalanced quarterly to reflect these enhanced alpha-seeking criteria. Launched on May 8, 2007, and domiciled in the United States, the fund trades on the Nasdaq exchange under the ticker FEX and is advised by First Trust Advisors L.P., headquartered in Wheaton, Illinois. The fund provides investors with targeted exposure to the large blend segment of the U.S. equity market, focusing on a diversified mix of growth and value stocks across sectors such as technology, financials, healthcare, industrials, and consumer discretionary, with top holdings including companies like Comfort Systems USA, Roblox, GE Vernova, SoFi Technologies, and Western Digital; it targets brokerage firms, registered investment advisors, insurance companies, foundations, and endowments through its availability on major exchanges. Geographically, the fund concentrates on U.S.-domiciled large-cap issuers, with no significant international operations beyond benchmark representation. In April 2016, the fund underwent a significant strategic shift when its underlying index changed from the Defined Large Cap Core Index (developed by Standard & Poor's) to the Nasdaq AlphaDEX Large Cap Core Index, enhancing its methodology with Nasdaq's licensing of First Trust's patented AlphaDEX process while maintaining its core large-cap blend focus. More recently, as of December 2025, First Trust Advisors announced quarterly distributions for FEX, underscoring ongoing shareholder income commitments amid stable operations, with no major acquisitions, partnerships, funding rounds, or product launches specific to FEX reported in 2024 or 2025. The fund continues to grow its assets under management, recently surpassing $1.3 billion, reflecting sustained investor interest in its alpha-oriented large-cap strategy.