About First Trust Small Cap Value AlphaDEX Fund (FYT)

First Trust Small Cap Value AlphaDEX Fund (FYT) is an exchange-traded fund that seeks to provide investment results that correspond to the price and yield, before fees and expenses, of an equity index called the NASDAQ AlphaDEX Small Cap Value Index. The fund is managed by First Trust Advisors L.P. and was launched on May 8, 2007. It is classified as a small-cap value fund and primarily invests in small-cap U.S. companies using a quantitative stock selection methodology.

The investment strategy of FYT is based on the AlphaDEX methodology, which is a rules-based, quantitative stock selection system developed by First Trust. The methodology combines fundamental and technical factors to identify stocks with the potential to outperform traditional market cap-weighted indices. This approach aims to provide investors with a portfolio that has the potential for enhanced risk-adjusted returns.