First Trust Multi Cap Growth AlphaDEX Fund (FAD)

First Trust Multi Cap Growth AlphaDEX Fund (FAD) is an exchange-traded fund in the Mid Cap Growth category. It has $579.93M in assets, an expense ratio of 0.63% and a 0.09% dividend yield. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select growth stocks from the NASDAQ US 500 Large Cap Index TM, NASDAQ US 600 Mid Cap Index TM and NASDAQ US 700 Small Cap Index TM that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.