First Trust Total US Market AlphaDEX ETF
FVI
New York Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Canada
- IPO Date
- Apr 28, 2004
- Similar Companies
- Business
- First Trust Total US Market AlphaDEX ETF (FVI) is an exchange-traded fund that employs the AlphaDEX investment methodology to select stocks from the broad US equity market. The ETF tracks the Nasdaq AlphaDEX Total US Market Index, which applies quantitative analysis to identify and weight stocks based on momentum and value factors from the universe of US-listed large-, mid-, and small-cap companies; it offers diversified exposure across all market capitalizations with enhanced return potential through factor-based stock selection and rebalancing. Managed by First Trust Advisors LP, the fund provides investors with a passive yet alpha-seeking alternative to traditional market-cap-weighted ETFs, including low turnover and tax efficiency features. First Trust Advisors LP, headquartered in Wheaton, Illinois, and founded in 1991, serves as the sponsor and investment advisor, overseeing a range of ETFs, mutual funds, and separately managed accounts focused on equities, fixed income, and alternative strategies; the firm operates globally with primary distribution in North America and partnerships in Europe and Asia. FVI's portfolio includes approximately 500 holdings spanning multiple sectors such as technology, financials, consumer discretionary, and healthcare, targeting institutional and retail investors seeking total US market participation with a systematic edge. The fund maintains a competitive expense ratio and liquidity profile suitable for long-term core holdings or tactical allocations. In recent developments, First Trust launched enhancements to its AlphaDEX suite in 2024, incorporating refined factor models for improved risk-adjusted performance amid market volatility; the firm also expanded distribution through strategic alliances with major broker-dealers and robo-advisors, boosting assets under management for FVI to over $100 million by late 2025. No major acquisitions or name changes have occurred, but First Trust announced operational expansions including new index provider collaborations to integrate ESG screening options as electives within the ETF structure. These updates position FVI for sustained growth in the competitive smart beta segment.