Name of ETF: First Trust Mega Cap AlphaDEX Fund
Benchmark Index: NASDAQ AlphaDEX® Mega Cap Index
Ticker Symbol: FMK
Approximate Number of Holdings: 50
Types of Companies Included: Some of the largest companies in the United States that meet specific fundamental criteria. The NASDAQ US 500 Large Cap Index is the starting stock universe in which companies are selected.
- Growth Criteria: Sales-to-price ratio, sales growth over the previous 12 months and general price appreciation the company has experienced over three, six and 12 month periods.
- Value Criteria: Book value-to-price, cash flow-to-price and return on assets (ROA).