First Trust Small Cap Value AlphaDEX Fund
FYT
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
- Apr 20, 2011
- CIK
- 0001383496
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Small Cap Value AlphaDEX Fund (FYT) 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 Small Cap Value Index. The fund employs the proprietary AlphaDEX stock selection methodology to identify small-cap value stocks from the NASDAQ US 700 Small Cap Index, ranking eligible securities 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 top 525 stocks are selected and weighted into quintiles with higher-ranked quintiles receiving greater weight. It holds a diversified portfolio of approximately 260-270 equity securities, with top holdings including Photronics Inc., Liberty Energy Inc., Kohl's Corporation, Macy's Inc., and Leggett & Platt Inc., targeting small-cap value segments in developed U.S. markets. The fund operates passively to replicate the index, with shares trading on the Nasdaq exchange and a net expense ratio of 0.70-0.72%; it distributes dividends quarterly, as evidenced by recent announcements from First Trust Advisors L.P. FYT was launched on April 19, 2011, and is managed by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., with headquarters in Wheaton, Illinois. In April 2016, the fund underwent a significant strategic shift by changing its underlying benchmark from the Defined Small Cap Value Index to the Nasdaq AlphaDEX Small Cap Value Index to enhance its selection methodology. Recent portfolio adjustments as of late 2025 include new positions in Tripadvisor Inc., Progyny Inc., fuboTV Inc., LegalZoom.com Inc., and Concentra Group Holdings Parent Inc., alongside top increases in holdings like Kohl's Corporation and Expro Group Holdings N.V.; institutional investors such as Jane Street Group LLC, Cetera Investment Advisers, and Signature Estate & Investment Advisors LLC expanded stakes in the second quarter of 2025, while short interest rose 142.9% to 3,400 shares by September 2025. The fund maintains assets under management of approximately $133-148 million, with geographic focus exclusively on U.S. equities.