Filed pursuant to Rule 497(c)
Registration Nos. 333-140895 and 811-22019
Summary Information | |
AlphaDEX® Sector Funds | |
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3 |
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10 |
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17 |
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24 |
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31 |
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38 |
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45 |
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51 |
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58 |
AlphaDEX® Style Funds | |
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65 |
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71 |
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78 |
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85 |
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91 |
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97 |
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103 |
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109 |
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116 |
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123 |
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130 |
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136 |
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142 |
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145 |
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146 |
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153 |
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153 |
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155 |
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157 |
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157 |
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159 |
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159 |
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160 |
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160 |
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160 |
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161 |
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168 |
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177 |
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198 |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.14% |
Total Annual Fund Operating Expenses | 0.64% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.64% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$65 | $205 | $357 | $798 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the consumer discretionary sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the consumer discretionary sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 3.91%. |
Best Quarter | Worst Quarter | ||
27.90% | September 30, 2009 | -28.37% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 19.74% | 14.09% | 10.35% | 8.05% | 5/8/2007 |
Return After Taxes on Distributions | 19.22% | 13.70% | 10.01% | 7.73% | |
Return After Taxes on Distributions and Sale of Fund Shares | 11.15% | 11.12% | 8.37% | 6.41% | |
StrataQuant® Consumer Discretionary Index (reflects no deduction for fees, expenses or taxes) | 20.54% | 14.89% | 11.12% | 8.83% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Consumer Discretionary Index (reflects no deduction for fees, expenses or taxes) | 22.98% | 17.64% | 13.52% | 10.86% | |
Russell 1000® Consumer Discretionary Index (reflects no deduction for fees, expenses or taxes) | 24.11% | 16.84% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.14% |
Total Annual Fund Operating Expenses | 0.64% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.64% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$65 | $205 | $357 | $798 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the consumer staples sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the consumer staples sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was -1.79%. |
Best Quarter | Worst Quarter | ||
20.65% | March 31, 2013 | -17.59% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 7.81% | 15.53% | 11.32% | 10.17% | 5/8/2007 |
Return After Taxes on Distributions | 7.16% | 14.82% | 10.73% | 9.59% | |
Return After Taxes on Distributions and Sale of Fund Shares | 4.40% | 12.16% | 9.07% | 8.10% | |
StrataQuant® Consumer Staples Index (reflects no deduction for fees, expenses or taxes) | 8.55% | 16.31% | 12.15% | 10.99% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Consumer Staples Index (reflects no deduction for fees, expenses or taxes) | 13.49% | 13.27% | 10.07% | 10.27% | |
Russell 1000® Consumer Staples Index (reflects no deduction for fees, expenses or taxes) | 9.82% | 13.38% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.13% |
Total Annual Fund Operating Expenses | 0.63% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.63% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$64 | $202 | $351 | $787 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the energy sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the energy sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 13.73%. |
Best Quarter | Worst Quarter | ||
29.92% | June 30, 2008 | -38.75% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | -5.12% | -3.54% | -3.00% | -1.48% | 5/8/2007 |
Return After Taxes on Distributions | -5.63% | -4.09% | -3.36% | -1.85% | |
Return After Taxes on Distributions and Sale of Fund Shares | -2.92% | -2.86% | -2.33% | -1.23% | |
StrataQuant® Energy Index (reflects no deduction for fees, expenses or taxes) | -4.44% | -3.05% | -2.39% | -0.87% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Energy Index (reflects no deduction for fees, expenses or taxes) | -1.01% | 2.78% | 1.16% | 3.01% | |
Russell 1000® Energy Index (reflects no deduction for fees, expenses or taxes) | -1.12% | 2.09% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.13% |
Total Annual Fund Operating Expenses | 0.63% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.63% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$64 | $202 | $351 | $787 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the financial services sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the financial services sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 3.52%. |
Best Quarter | Worst Quarter | ||
30.65% | June 30, 2009 | -22.64% | March 31, 2009 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 17.92% | 16.57% | 8.88% | 6.05% | 5/8/2007 |
Return After Taxes on Distributions | 17.05% | 15.80% | 8.19% | 5.37% | |
Return After Taxes on Distributions and Sale of Fund Shares | 10.11% | 12.98% | 6.85% | 4.47% | |
StrataQuant® Financials Index (reflects no deduction for fees, expenses or taxes) | 18.68% | 17.39% | 9.75% | 6.93% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Financials Index (reflects no deduction for fees, expenses or taxes) | 22.18% | 18.21% | 3.78% | 1.28% | |
Russell 1000® Financial Services Index (reflects no deduction for fees, expenses or taxes) | 21.57% | 17.13% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.13% |
Total Annual Fund Operating Expenses | 0.63% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.63% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$64 | $202 | $351 | $787 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the health care sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the health care sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 21.60%. |
Best Quarter | Worst Quarter | ||
19.11% | September 30, 2009 | -19.65% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 21.78% | 16.43% | 13.28% | 12.52% | 5/8/2007 |
Return After Taxes on Distributions | 21.78% | 16.43% | 13.25% | 12.49% | |
Return After Taxes on Distributions and Sale of Fund Shares | 12.33% | 13.32% | 11.17% | 10.55% | |
StrataQuant® Health Care Index (reflects no deduction for fees, expenses or taxes) | 22.57% | 17.20% | 14.09% | 13.33% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Health Care Index (reflects no deduction for fees, expenses or taxes) | 22.08% | 17.62% | 11.02% | 10.04% | |
Russell 1000® Health Care Index (reflects no deduction for fees, expenses or taxes) | 22.05% | 17.86% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.12% |
Total Annual Fund Operating Expenses | 0.62% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.62% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$63 | $199 | $346 | $774 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the industrials and producer durables sectors are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the industrials and producer durables sectors comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 4.90%. |
Best Quarter | Worst Quarter | ||
24.70% | September 30, 2009 | -28.74% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 24.13% | 16.62% | 8.51% | 7.69% | 5/8/2007 |
Return After Taxes on Distributions | 23.81% | 16.28% | 8.17% | 7.37% | |
Return After Taxes on Distributions and Sale of Fund Shares | 13.64% | 13.27% | 6.76% | 6.09% | |
StrataQuant® Industrials Index (reflects no deduction for fees, expenses or taxes) | 25.10% | 17.46% | 9.31% | 8.49% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Industrials Index (reflects no deduction for fees, expenses or taxes) | 21.03% | 16.72% | 8.62% | 8.47% | |
Russell 1000® Producer Durables Index (reflects no deduction for fees, expenses or taxes) | 22.71% | 17.38% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.14% |
Total Annual Fund Operating Expenses | 0.64% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.64% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$65 | $205 | $357 | $798 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the materials and processing sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the materials and processing sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was -4.89%. |
Best Quarter | Worst Quarter | ||
32.74% | June 30, 2009 | -28.66% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 23.68% | 12.57% | 8.72% | 9.12% | 5/8/2007 |
Return After Taxes on Distributions | 23.09% | 11.96% | 8.13% | 8.55% | |
Return After Taxes on Distributions and Sale of Fund Shares | 13.37% | 9.71% | 6.79% | 7.18% | |
StrataQuant® Materials Index (reflects no deduction for fees, expenses or taxes) | 24.60% | 13.35% | 9.54% | 9.94% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Materials Index (reflects no deduction for fees, expenses or taxes) | 23.84% | 12.20% | 6.17% | 6.45% | |
Russell 1000® Materials and Processing Index (reflects no deduction for fees, expenses or taxes) | 23.87% | 12.64% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.13% |
Total Annual Fund Operating Expenses | 0.63% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.63% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$64 | $202 | $351 | $787 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the technology sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the technology sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 24.01%, |
Best Quarter | Worst Quarter | ||
22.85% | June 30, 2009 | -28.69% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 35.80% | 19.43% | 9.87% | 9.59% | 5/8/2007 |
Return After Taxes on Distributions | 35.62% | 19.13% | 9.72% | 9.44% | |
Return After Taxes on Distributions and Sale of Fund Shares | 20.25% | 15.69% | 8.06% | 7.86% | |
StrataQuant® Technology Index (reflects no deduction for fees, expenses or taxes) | 36.71% | 20.17% | 10.71% | 10.41% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Information Technology Index (reflects no deduction for fees, expenses or taxes) | 38.83% | 20.90% | 11.90% | 11.99% | |
Russell 1000® Technology Index (reflects no deduction for fees, expenses or taxes) | 38.40% | 20.38% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.13% |
Total Annual Fund Operating Expenses | 0.63% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.63% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$64 | $202 | $351 | $787 |
1. | The selection universe for the Index begins with all stocks in the Russell 1000® Index. |
2. | The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores. |
3. | The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the utilities sector are ranked according to their selection score from step 2. The bottom 25% in such sector is eliminated. |
4. | The top 75% of securities in the utilities sector comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 7.70%. |
Best Quarter | Worst Quarter | ||
16.49% | March 31, 2016 | -14.04% | March 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 0.94% | 11.28% | 6.73% | 5.81% | 5/8/2007 |
Return After Taxes on Distributions | -0.67% | 9.69% | 5.48% | 4.51% | |
Return After Taxes on Distributions and Sale of Fund Shares | 0.54% | 8.14% | 4.74% | 3.95% | |
StrataQuant® Utilities Index (reflects no deduction for fees, expenses or taxes) | 1.54% | 12.19% | 7.62% | 6.69% | |
Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 21.69% | 15.71% | 8.59% | 7.90% | |
S&P 500® Utilities Index (reflects no deduction for fees, expenses or taxes) | 12.11% | 12.62% | 6.31% | 6.20% | |
Russell 1000® Utilities Index (reflects no deduction for fees, expenses or taxes) | 6.17% | 10.91% | N/A | N/A |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.11% |
Total Annual Fund Operating Expenses | 0.61% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.61% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$62 | $195 | $340 | $762 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” |
4. | The top 375 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 7.49%. |
Best Quarter | Worst Quarter | ||
21.20% | June 30, 2009 | -23.68% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 21.52% | 15.25% | 8.92% | 7.77% | 5/8/2007 |
Return After Taxes on Distributions | 20.92% | 14.62% | 8.40% | 7.26% | |
Return After Taxes on Distributions and Sale of Fund Shares | 12.16% | 11.95% | 7.00% | 6.04% | |
Nasdaq AlphaDEX® Large Cap Core Index(1) (reflects no deduction for fees, expenses or taxes) | 22.34% | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Core Index(1) (reflects no deduction for fees, expenses or taxes) | 21.99% | N/A | N/A | N/A | |
S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 21.83% | 15.79% | 8.50% | 7.82% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.11% |
Total Annual Fund Operating Expenses | 0.61% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.61% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$62 | $195 | $340 | $762 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as growth stocks are eligible for the portfolio. |
4. | The top 187 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 15.40%. |
Best Quarter | Worst Quarter | ||
18.05% | September 30, 2009 | -22.58% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 25.18% | 16.11% | 7.84% | 7.60% | 5/8/2007 |
Return After Taxes on Distributions | 24.95% | 15.80% | 7.56% | 7.33% | |
Return After Taxes on Distributions and Sale of Fund Shares | 14.24% | 12.86% | 6.22% | 6.05% | |
Nasdaq AlphaDEX® Large Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 26.01% | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 26.35% | N/A | N/A | N/A | |
S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 21.83% | 15.79% | 8.50% | 7.82% | |
S&P 500® Growth Index (reflects no deduction for fees, expenses or taxes) | 27.44% | 17.00% | 9.99% | 9.62% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.11% |
Total Annual Fund Operating Expenses | 0.61% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.61% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$62 | $195 | $340 | $762 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as value stocks are eligible for the portfolio. |
4. | The top 187 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 0.48%. |
Best Quarter | Worst Quarter | ||
31.01% | June 30, 2009 | -24.78% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 18.45% | 14.36% | 9.53% | 7.63% | 5/8/2007 |
Return After Taxes on Distributions | 17.62% | 13.49% | 8.79% | 6.90% | |
Return After Taxes on Distributions and Sale of Fund Shares | 10.41% | 11.06% | 7.39% | 5.78% | |
Nasdaq AlphaDEX® Large Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 19.29% | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 17.74% | N/A | N/A | N/A | |
S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 21.83% | 15.79% | 8.50% | 7.82% | |
S&P 500® Value Index (reflects no deduction for fees, expenses or taxes) | 15.36% | 14.24% | 6.80% | 5.84% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.70% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.00% |
Total Annual Fund Operating Expenses | 0.70% |
1 Year | 3 Years | 5 Years | 10 Years |
$72 | $224 | $390 | $871 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks are then ranked by market capitalization. The top 100 largest stocks by market capitalization, which the Index Provider defines as “mega cap,” are eligible for the portfolio. |
4. | The remaining stocks in the universe are then ranked on both growth and value factors. A stock’s selection score is the better of the growth or value rank. |
5. | The top 50 stocks based on the selection score determined in step 4 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index, subject to sector constraints. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 12.02%. |
Best Quarter | Worst Quarter | ||
10.74% | March 31, 2012 | -8.54% | June 30, 2012 |
1 Year | 5 Years | Since Inception |
Inception Date | |
Return Before Taxes | 20.85% | 13.40% | 9.77% | 5/11/2011 |
Return After Taxes on Distributions | 20.21% | 12.73% | 9.17% | |
Return After Taxes on Distributions and Sale of Fund Shares | 11.77% | 10.37% | 7.51% | |
Nasdaq AlphaDEX® Mega Cap Index(1) (reflects no deduction for fees, expenses or taxes) | 21.76% | N/A | N/A | |
Nasdaq US 500 Large Cap Index(1) (reflects no deduction for fees, expenses or taxes) | 21.99% | N/A | N/A | |
S&P 100® Index (reflects no deduction for fees, expenses or taxes) | 21.96% | 15.43% | 13.44% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.12% |
Total Annual Fund Operating Expenses | 0.62% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.62% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$63 | $199 | $346 | $774 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” |
4. | The top 450 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 9.54%. |
Best Quarter | Worst Quarter | ||
24.50% | June 30, 2009 | -26.89% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 17.61% | 13.23% | 9.76% | 8.49% | 5/8/2007 |
Return After Taxes on Distributions | 17.13% | 12.78% | 9.40% | 8.15% | |
Return After Taxes on Distributions and Sale of Fund Shares | 9.95% | 10.36% | 7.84% | 6.78% | |
Nasdaq AlphaDEX® Mid Cap Core Index(1) (reflects no deduction for fees, expenses or taxes) | 18.39% | N/A | N/A | N/A | |
Nasdaq US 600 Mid Cap Index(1) (reflects no deduction for fees, expenses or taxes) | 18.18% | N/A | N/A | N/A | |
S&P MidCap 400® Index (reflects no deduction for fees, expenses or taxes) | 16.24% | 15.01% | 9.97% | 9.01% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.70% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.00% |
Total Annual Fund Operating Expenses | 0.70% |
1 Year | 3 Years | 5 Years | 10 Years |
$72 | $224 | $390 | $871 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as growth stocks are eligible for the portfolio. |
4. | The top 225 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 18.09%. |
Best Quarter | Worst Quarter | ||
13.55% | March 31, 2013 | -8.68% | September 30, 2015 |
1 Year | 5 Years | Since Inception |
Inception Date | |
Return Before Taxes | 24.92% | 14.14% | 10.80% | 4/19/2011 |
Return After Taxes on Distributions | 24.81% | 13.95% | 10.63% | |
Return After Taxes on Distributions and Sale of Fund Shares | 14.10% | 11.27% | 8.64% | |
Nasdaq AlphaDEX® Mid Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 25.87% | N/A | N/A | |
Nasdaq US 600 Mid Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 20.77% | N/A | N/A | |
S&P MidCap 400® Growth Index (reflects no deduction for fees, expenses or taxes) | 19.92% | 14.93% | 12.12% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.70% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.00% |
Total Annual Fund Operating Expenses | 0.70% |
1 Year | 3 Years | 5 Years | 10 Years |
$72 | $224 | $390 | $871 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as value stocks are eligible for the portfolio. |
4. | The top 225 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 2.54%. |
Best Quarter | Worst Quarter | ||
14.59% | March 31, 2013 | -11.78% | September 30, 2015 |
1 Year | 5 Years | Since Inception |
Inception Date | |
Return Before Taxes | 11.44% | 12.22% | 10.50% | 4/19/2011 |
Return After Taxes on Distributions | 10.74% | 11.61% | 9.96% | |
Return After Taxes on Distributions and Sale of Fund Shares | 6.46% | 9.44% | 8.18% | |
Nasdaq AlphaDEX® Mid Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 12.31% | N/A | N/A | |
Nasdaq US 600 Mid Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 15.73% | N/A | N/A | |
S&P MidCap 400® Value Index (reflects no deduction for fees, expenses or taxes) | 12.32% | 14.83% | 12.20% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.19% |
Total Annual Fund Operating Expenses | 0.69% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.69% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$71 | $221 | $384 | $859 |
1. | The selection universe for the Index begins with all stocks in the Base Indices. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in each base Index are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as growth stocks are eligible for the portfolio. |
4. | The top 187 stocks from the NASDAQ US 500 Large Cap Index, top 225 stocks from the NASDAQ US 600 Mid Cap Index and top 262 stocks from the NASDAQ US 700 Small Cap Index based on the selection score determined in step 3 comprise the “selected stocks.” Within each size class, the selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 17.69%. |
Best Quarter | Worst Quarter | ||
19.09% | September 30, 2009 | -23.61% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 24.68% | 15.30% | 8.37% | 7.99% | 5/8/2007 |
Return After Taxes on Distributions | 24.56% | 15.10% | 8.21% | 7.83% | |
Return After Taxes on Distributions and Sale of Fund Shares | 13.97% | 12.24% | 6.75% | 6.45% | |
Nasdaq AlphaDEX® Multi Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 25.62% | N/A | N/A | N/A | |
Nasdaq US Multi Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 25.54% | N/A | N/A | N/A | |
S&P Composite 1500® Index (reflects no deduction for fees, expenses or taxes) | 21.13% | 15.74% | 8.69% | 7.96% | |
S&P Composite 1500® Growth Index (reflects no deduction for fees, expenses or taxes) | 26.49% | 16.84% | 10.07% | 9.67% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.20% |
Acquired Fund Fees and Expenses | 0.01% |
Total Annual Fund Operating Expenses | 0.71% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.71% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, acquired fund fees and expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$73 | $228 | $396 | $885 |
1. | The selection universe for the Index begins with all stocks in the Base Indices. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in each base Index are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as value stocks are eligible for the portfolio. |
4. | The top 187 stocks from the NASDAQ US 500 Large Cap Index, top 225 stocks from the NASDAQ US 600 Mid Cap Index and top 262 stocks from the NASDAQ US 700 Small Cap Index based on the selection score determined in step 3 comprise the “selected stocks.” Within each size class, the selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 2.26%. |
Best Quarter | Worst Quarter | ||
33.70% | June 30, 2009 | -26.85% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 14.10% | 13.19% | 9.80% | 7.69% | 5/8/2007 |
Return After Taxes on Distributions | 13.36% | 12.49% | 9.18% | 7.09% | |
Return After Taxes on Distributions and Sale of Fund Shares | 7.96% | 10.18% | 7.71% | 5.92% | |
Nasdaq AlphaDEX® Multi Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 14.90% | N/A | N/A | N/A | |
Nasdaq US Multi Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 17.27% | N/A | N/A | N/A | |
S&P Composite 1500® Index (reflects no deduction for fees, expenses or taxes) | 21.13% | 15.74% | 8.69% | 7.96% | |
S&P Composite 1500® Value Index (reflects no deduction for fees, expenses or taxes) | 14.99% | 14.32% | 7.13% | 6.10% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.50% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.13% |
Acquired Fund Fees and Expenses | 0.03% |
Total Annual Fund Operating Expenses | 0.66% |
Fee Waiver and Expense Reimbursement(1) | 0.00% |
Net Annual Fund Operating Expenses | 0.66% |
(1) | First Trust Advisors L.P., the Fund’s investment advisor, has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of the Fund (excluding interest expense, brokerage commissions and other trading expenses, acquired fund fees and expenses, taxes and extraordinary expenses) exceed 0.70% of its average daily net assets per year (the “Expense Cap”) at least through November 30, 2019. Expenses reimbursed and fees waived under such agreement are subject to recovery by the Fund’s investment advisor for up to three years from the date the fee was waived or expense was incurred, but no reimbursement payment will be made by the Fund if it results in the Fund exceeding an expense ratio equal to the Expense Cap in place at the time the expenses were reimbursed or fees waived by the Fund’s investment advisor. The agreement may be terminated by the Trust, on behalf of the Fund, at any time and by the Fund’s investment advisor only after November 30, 2019 upon 60 days’ written notice. |
1 Year | 3 Years | 5 Years | 10 Years |
$67 | $211 | $368 | $822 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” |
4. | The top 525 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 13.36%. |
Best Quarter | Worst Quarter | ||
29.60% | June 30, 2009 | -27.22% | December 31, 2008 |
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | 14.45% | 13.16% | 9.36% | 7.54% | 5/8/2007 |
Return After Taxes on Distributions | 14.13% | 12.82% | 9.09% | 7.29% | |
Return After Taxes on Distributions and Sale of Fund Shares | 8.17% | 10.37% | 7.55% | 6.01% | |
Nasdaq AlphaDEX® Small Cap Core Index(1) (reflects no deduction for fees, expenses or taxes) | 15.13% | N/A | N/A | N/A | |
Nasdaq US 700 Small Cap Index(1) (reflects no deduction for fees, expenses or taxes) | 14.94% | N/A | N/A | N/A | |
S&P SmallCap 600® Index (reflects no deduction for fees, expenses or taxes) | 13.23% | 15.99% | 10.43% | 8.93% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.70% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.00% |
Total Annual Fund Operating Expenses | 0.70% |
1 Year | 3 Years | 5 Years | 10 Years |
$72 | $224 | $390 | $871 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as growth stocks are eligible for the portfolio. |
4. | The top 262 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 22.73%. |
Best Quarter | Worst Quarter | ||
12.73% | September 30, 2013 | -8.17% | September 30, 2014 |
1 Year | 5 Years | Since Inception |
Inception Date | |
Return Before Taxes | 23.19% | 14.96% | 12.06% | 4/19/2011 |
Return After Taxes on Distributions | 23.14% | 14.89% | 11.99% | |
Return After Taxes on Distributions and Sale of Fund Shares | 13.13% | 12.04% | 9.77% | |
Nasdaq AlphaDEX® Small Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 24.20% | N/A | N/A | |
Nasdaq US 700 Small Cap Growth Index(1) (reflects no deduction for fees, expenses or taxes) | 18.96% | N/A | N/A | |
S&P Small Cap 600® Growth Index (reflects no deduction for fees, expenses or taxes) | 14.79% | 16.39% | 13.66% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None |
Management Fees | 0.70% |
Distribution and Service (12b-1) Fees | 0.00% |
Other Expenses | 0.00% |
Acquired Fund Fees and Expenses | 0.06% |
Total Annual Fund Operating Expenses | 0.76% |
1 Year | 3 Years | 5 Years | 10 Years |
$78 | $230 | $395 | $874 |
1. | The selection universe for the Index begins with all stocks in the Base Index. |
2. | The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens. |
3. | The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as value stocks are eligible for the portfolio. |
4. | The top 262 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index. |
(1) | The Fund's calendar year-to-date total return based on net asset value for the period 12/31/17 to 09/30/18 was 6.10%. |
Best Quarter | Worst Quarter | ||
13.48% | December 31, 2016 | -15.49% | September 30, 2015 |
1 Year | 5 Years | Since Inception |
Inception Date | |
Return Before Taxes | 7.34% | 11.63% | 10.62% | 4/19/2011 |
Return After Taxes on Distributions | 6.78% | 11.18% | 10.20% | |
Return After Taxes on Distributions and Sale of Fund Shares | 4.14% | 9.04% | 8.35% | |
Nasdaq AlphaDEX® Small Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 7.98% | N/A | N/A | |
Nasdaq US 700 Small Cap Value Index(1) (reflects no deduction for fees, expenses or taxes) | 10.84% | N/A | N/A | |
S&P Small Cap 600® Value Index (reflects no deduction for fees, expenses or taxes) | 11.51% | 15.52% | 13.45% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
• | Daniel J. Lindquist, Chairman of the Investment Committee and Managing Director of First Trust |
• | Jon C. Erickson, Senior Vice President of First Trust |
• | David G. McGarel, Chief Investment Officer, Chief Operating Officer and Managing Director of First Trust |
• | Roger F. Testin, Senior Vice President of First Trust |
• | Stan Ueland, Senior Vice President of First Trust |
• | Chris A. Peterson, Senior Vice President of First Trust |
• | Mr. Lindquist is Chairman of the Investment Committee and presides over Investment Committee meetings. Mr. Lindquist is responsible for overseeing the implementation of each Fund’s investment strategy. Mr. Lindquist was a Senior Vice President of First Trust and FTP from September 2005 to July 2012 and is now a Managing Director of First Trust and FTP. |
• | Mr. Erickson joined First Trust in 1994 and is a Senior Vice President of First Trust and FTP. As the head of First Trust’s Equity Research Group, Mr. Erickson is responsible for determining the securities to be purchased and sold by funds that do not utilize quantitative investment strategies. |
• | Mr. McGarel is the Chief Investment Officer, Chief Operating Officer and a Managing Director of First Trust and FTP. As First Trust’s Chief Investment Officer, Mr. McGarel consults with the other members of the Investment Committee on market conditions and First Trust’s general investment philosophy. Mr. McGarel was a Senior Vice President of First Trust and FTP from January 2004 to July 2012. |
• | Mr. Testin is a Senior Vice President of First Trust and FTP. Mr. Testin is the head of First Trust’s Portfolio Management Group. Mr. Testin has been a Senior Vice President of First Trust and FTP since November 2003. |
• | Mr. Ueland joined First Trust as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. |
• | Mr. Peterson is a Senior Vice President and head of First Trust’s strategy research group. He joined First Trust in January of 2000. Mr. Peterson is responsible for developing and implementing quantitative equity investment strategies. Mr. Peterson received his B.S. in Finance from Bradley University in 1997 and his M.B.A. from the University of Chicago Booth School of Business in 2005. He has over 20 years of financial services industry experience and is a recipient of the Chartered Financial Analyst designation. |
Fund | Annual Management Fee (% of average daily net assets) |
Annual Expense Cap (% of average daily net assets) |
Expense
Cap Termination Date |
Management Fee Paid for the Year Ended 7/31/2018 (% of average daily net assets) |
First Trust Consumer Discretionary AlphaDEX® Fund (FXD) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Consumer Staples AlphaDEX® Fund (FXG) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Energy AlphaDEX® Fund (FXN) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Financials AlphaDEX® Fund (FXO) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Health Care AlphaDEX® Fund (FXH) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First
Trust Industrials/Producer Durables AlphaDEX® Fund (FXR) |
0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Materials AlphaDEX® Fund (FXZ) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Technology AlphaDEX® Fund (FXL) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Utilities AlphaDEX® Fund (FXU) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Large Cap Core AlphaDEX® Fund (FEX) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Large Cap Growth AlphaDEX® Fund (FTC) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Large Cap Value AlphaDEX® Fund (FTA) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Mega Cap AlphaDEX® Fund (FMK) | 0.70% | N/A | N/A | 0.70% |
First Trust Mid Cap Core AlphaDEX® Fund (FNX) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Mid Cap Growth AlphaDEX® Fund (FNY) | 0.70% | N/A | N/A | 0.70% |
First Trust Mid Cap Value AlphaDEX® Fund (FNK) | 0.70% | N/A | N/A | 0.70% |
First Trust Multi Cap Growth AlphaDEX® Fund (FAD) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Multi Cap Value AlphaDEX® Fund (FAB) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Small Cap Core AlphaDEX® Fund (FYX) | 0.50% | 0.70% | November 30, 2019 | 0.50% |
First Trust Small Cap Growth AlphaDEX® Fund (FYC) | 0.70% | N/A | N/A | 0.70% |
First Trust Small Cap Value AlphaDEX® Fund (FYT) | 0.70% | N/A | N/A | 0.70% |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 100 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 102 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 151 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 86 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 100 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 61 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 151 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 127 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 97 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 105 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 154 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 83 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 124 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 114 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 127 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 74 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 127 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 92 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 124 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 96 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 134 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 130 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 117 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 58 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 142 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 89 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 109 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 99 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 173 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 130 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 78 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 58 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 88 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 86 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 163 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 102 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 160 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 108 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 91 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 80 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 130 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 139 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 121 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 49 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 134 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 111 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 117 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 77 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 75 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 151 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 176 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 37 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 143 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 123 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 107 | 0 | 1 | 0 |
9 Months Ended 9/30/2018 | 62 | 3 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 189 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 163 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 62 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 25 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 156 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 83 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 95 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 105 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 178 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 134 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 73 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 54 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 77 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 65 | 0 | 0 | 1 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 174 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 123 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 124 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 119 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 126 | 1 | 0 | 0 |
9 Months Ended 9/30/2018 | 69 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 150 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 120 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 100 | 1 | 0 | 0 |
9 Months Ended 9/30/2018 | 68 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 100 | 0 | 0 | 0 |
9 Months Ended 9/30/2018 | 106 | 0 | 0 | 0 |
0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | |
12 Months Ended 12/31/2017 | 150 | 1 | 0 | 0 |
9 Months Ended 9/30/2018 | 82 | 0 | 0 | 0 |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 14.17% | 8.94% | 12.47% | 7.74% | 53.47% | 223.97% | 131.09% | |
Market Price | 14.17% | 8.94% | 12.49% | 7.74% | 53.41% | 224.42% | 131.08% | |
Index Performance | ||||||||
StrataQuant® Consumer Discretionary Index | 14.90% | 9.67% | 13.29% | 8.52% | 58.62% | 248.17% | 150.47% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Consumer Discretionary Index | 23.50% | 15.21% | 16.56% | 11.53% | 103.00% | 362.93% | 240.43% | |
Russell 1000® Consumer Discretionary and Services Index | 21.09% | 13.98% | N/A | N/A | 92.40% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 0.53% | 8.51% | 11.48% | 9.23% | 50.43% | 196.57% | 169.58% | |
Market Price | 0.45% | 8.48% | 11.47% | 9.22% | 50.21% | 196.30% | 169.34% | |
Index Performance | ||||||||
StrataQuant® Consumer Staples Index | 1.26% | 9.22% | 12.30% | 10.04% | 55.45% | 219.08% | 192.91% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Consumer Staples Index | -0.58% | 8.17% | 10.01% | 9.23% | 48.09% | 159.52% | 169.56% | |
Russell 1000® Consumer Staples Index | -3.81% | 7.89% | N/A | N/A | 46.21% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 26.45% | -4.19% | -2.34% | -0.49% | -19.27% | -21.11% | -5.41% | |
Market Price | 26.53% | -4.19% | -2.33% | -0.49% | -19.26% | -21.03% | -5.36% | |
Index Performance | ||||||||
StrataQuant® Energy Index | 27.44% | -3.69% | -1.73% | 0.13% | -17.13% | -16.02% | 1.45% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Energy Index | 19.72% | 1.50% | 2.64% | 3.59% | 7.71% | 29.73% | 48.60% | |
Russell 1000® Energy Index | 20.77% | 0.89% | N/A | N/A | 4.54% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 11.06% | 11.86% | 11.74% | 6.03% | 75.15% | 203.42% | 93.04% | |
Market Price | 11.09% | 11.85% | 11.75% | 6.03% | 75.03% | 203.75% | 93.09% | |
Index Performance | ||||||||
StrataQuant® Financials Index | 11.84% | 12.63% | 12.62% | 6.90% | 81.29% | 228.10% | 111.64% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Financials Index | 13.47% | 13.10% | 6.87% | 1.30% | 85.07% | 94.25% | 15.57% | |
Russell 1000® Financial Services Index | 14.49% | 12.97% | N/A | N/A | 83.97% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 14.76% | 12.52% | 15.11% | 12.80% | 80.37% | 308.42% | 286.57% | |
Market Price | 14.76% | 12.51% | 15.11% | 12.80% | 80.26% | 308.47% | 286.62% | |
Index Performance | ||||||||
StrataQuant® Health Care Index | 15.54% | 13.25% | 15.91% | 13.61% | 86.25% | 337.85% | 319.17% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Health Care Index | 13.31% | 13.63% | 12.90% | 10.30% | 89.44% | 236.40% | 200.74% | |
Russell 1000® Health Care Index | 14.01% | 13.91% | N/A | N/A | 91.76% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 17.57% | 12.18% | 9.84% | 7.48% | 77.62% | 155.71% | 124.81% | |
Market Price | 17.63% | 12.18% | 9.87% | 7.49% | 77.63% | 156.27% | 124.93% | |
Index Performance | ||||||||
StrataQuant® Industrials Index | 18.34% | 12.97% | 10.65% | 8.27% | 84.01% | 175.15% | 144.17% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Industrials Index | 12.99% | 13.00% | 10.28% | 8.23% | 84.27% | 166.10% | 143.18% | |
Russell 1000® Producer Durables Index | 14.87% | 13.53% | N/A | N/A | 88.57% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 13.20% | 10.52% | 8.58% | 8.56% | 64.90% | 127.79% | 151.41% | |
Market Price | 13.28% | 10.51% | 8.58% | 8.56% | 64.79% | 127.79% | 151.52% | |
Index Performance | ||||||||
StrataQuant® Materials Index | 14.03% | 11.28% | 9.40% | 9.36% | 70.68% | 145.58% | 173.27% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Materials Index | 11.44% | 10.29% | 6.46% | 6.09% | 63.20% | 86.97% | 94.19% | |
Russell 1000® Materials and Processing Index | 11.52% | 10.66% | N/A | N/A | 65.93% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 25.55% | 17.47% | 12.74% | 10.02% | 123.68% | 231.61% | 192.32% | |
Market Price | 25.57% | 17.46% | 12.75% | 10.03% | 123.59% | 231.92% | 192.42% | |
Index Performance | ||||||||
StrataQuant® Technology Index | 26.40% | 18.18% | 13.58% | 10.85% | 130.48% | 257.38% | 217.91% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Information Technology Index | 28.48% | 21.42% | 15.03% | 12.57% | 163.85% | 305.77% | 278.15% | |
Russell 1000® Technology Index | 27.81% | 20.90% | N/A | N/A | 158.32% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | -1.09% | 8.49% | 8.21% | 5.75% | 50.29% | 120.21% | 87.32% | |
Market Price | -1.09% | 8.49% | 8.21% | 5.75% | 50.29% | 120.07% | 87.29% | |
Index Performance | ||||||||
StrataQuant® Utilities Index | -0.38% | 9.28% | 9.11% | 6.63% | 55.84% | 139.07% | 105.63% | |
Russell 1000® Index | 16.19% | 12.96% | 10.70% | 8.07% | 83.91% | 176.47% | 139.06% | |
S&P 500® Utilities Index | 2.83% | 10.06% | 7.52% | 6.08% | 61.50% | 106.46% | 93.93% | |
Russell 1000® Utilities Index | 1.14% | 7.76% | N/A | N/A | 45.30% | N/A | N/A |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 13.72% | 11.76% | 10.80% | 7.77% | 74.38% | 178.94% | 131.63% | |
Market Price | 13.77% | 11.76% | 10.81% | 7.77% | 74.34% | 179.20% | 131.75% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Large Cap Core Index(1) | 14.45% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Index(1) | 16.11% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P 500® Index | 16.24% | 13.12% | 10.67% | 8.00% | 85.26% | 175.51% | 137.37% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 20.19% | 13.71% | 10.39% | 8.08% | 90.13% | 168.75% | 139.21% | |
Market Price | 20.24% | 13.72% | 10.40% | 8.08% | 90.22% | 168.95% | 139.38% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Large Cap Growth Index(1) | 20.98% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Growth Index(1) | 20.80% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P 500® Index | 16.24% | 13.12% | 10.67% | 8.00% | 85.26% | 175.51% | 137.37% | |
S&P 500® Growth Index | 21.61% | 15.63% | 12.39% | 10.12% | 106.67% | 221.43% | 195.23% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 8.12% | 9.96% | 10.78% | 7.22% | 60.78% | 178.35% | 118.73% | |
Market Price | 8.15% | 9.96% | 10.79% | 7.22% | 60.73% | 178.49% | 118.84% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Large Cap Value Index(1) | 8.83% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Value Index(1) | 10.61% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P 500® Index | 16.24% | 13.12% | 10.67% | 8.00% | 85.26% | 175.51% | 137.37% | |
S&P 500® Value Index | 10.43% | 10.23% | 8.73% | 5.69% | 62.71% | 130.89% | 86.23% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||
1 Year | 5 Years | Inception (5/11/2011) |
5 Years | Inception (5/11/2011) | ||
Fund Performance | ||||||
Net Asset Value | 15.57% | 10.55% | 9.89% | 65.08% | 97.60% | |
Market Price | 15.60% | 10.55% | 9.89% | 65.13% | 97.65% | |
Index Performance | ||||||
Nasdaq AlphaDEX® Mega Cap Index(1) | 16.42% | N/A | N/A | N/A | N/A | |
Nasdaq US 500 Large Cap Index(1) | 16.11% | N/A | N/A | N/A | N/A | |
S&P 100® Index | 16.45% | 12.96% | 13.23% | 83.89% | 145.36% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 17.30% | 10.16% | 11.15% | 8.63% | 62.26% | 187.68% | 153.48% | |
Market Price | 17.18% | 10.13% | 11.14% | 8.63% | 62.03% | 187.51% | 153.23% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Mid Cap Core Index(1) | 18.04% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US 600 Mid Cap Index(1) | 17.19% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P MidCap 400® Index | 14.50% | 11.73% | 11.19% | 9.02% | 74.13% | 188.72% | 163.83% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||
1 Year | 5 Years | Inception (4/19/2011) |
5 Years | Inception (4/19/2011) | ||
Fund Performance | ||||||
Net Asset Value | 25.06% | 12.60% | 11.61% | 81.04% | 122.47% | |
Market Price | 25.06% | 12.59% | 11.61% | 80.89% | 122.47% | |
Index Performance | ||||||
Nasdaq AlphaDEX® Mid Cap Growth Index(1) | 25.95% | N/A | N/A | N/A | N/A | |
Nasdaq US 600 Mid Cap Growth Index(1) | 21.01% | N/A | N/A | N/A | N/A | |
S&P MidCap 400® Growth Index | 16.36% | 12.12% | 12.01% | 77.19% | 128.46% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||
1 Year | 5 Years | Inception (4/19/2011) |
5 Years | Inception (4/19/2011) | ||
Fund Performance | ||||||
Net Asset Value | 10.80% | 8.02% | 9.93% | 47.06% | 99.27% | |
Market Price | 10.77% | 8.00% | 9.93% | 46.97% | 99.20% | |
Index Performance | ||||||
Nasdaq AlphaDEX® Mid Cap Value Index(1) | 11.66% | N/A | N/A | N/A | N/A | |
Nasdaq US 600 Mid Cap Value Index(1) | 13.15% | N/A | N/A | N/A | N/A | |
S&P MidCap 400® Value Index | 12.50% | 11.07% | 11.84% | 69.05% | 125.84% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 22.82% | 13.38% | 10.59% | 8.60% | 87.34% | 173.71% | 152.47% | |
Market Price | 22.88% | 13.39% | 10.61% | 8.60% | 87.47% | 174.08% | 152.63% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Multi Cap Growth Index(1) | 23.71% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US Multi Cap Growth Index(1) | 20.84% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P Composite 1500® Index | 16.33% | 13.04% | 10.77% | 8.14% | 84.54% | 178.13% | 140.90% | |
S&P Composite 1500® Growth Index | 21.36% | 15.34% | 12.37% | 10.15% | 104.17% | 220.94% | 196.00% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 10.30% | 9.00% | 11.04% | 7.45% | 53.89% | 184.90% | 124.21% | |
Market Price | 10.32% | 8.99% | 11.05% | 7.45% | 53.77% | 185.13% | 124.19% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Multi Cap Value Index(1) | 11.11% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US Multi Cap Value Index(1) | 11.06% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P Composite 1500® Index | 16.33% | 13.04% | 10.77% | 8.14% | 84.54% | 178.13% | 140.90% | |
S&P Composite 1500® Value Index | 10.89% | 10.36% | 8.98% | 5.98% | 63.72% | 136.39% | 92.03% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||||
1 Year | 5 Years | 10 Years | Inception (5/8/2007) |
5 Years | 10 Years | Inception (5/8/2007) | ||
Fund Performance | ||||||||
Net Asset Value | 19.72% | 10.42% | 11.12% | 8.02% | 64.16% | 186.98% | 137.85% | |
Market Price | 19.70% | 10.41% | 11.16% | 8.02% | 64.11% | 187.95% | 137.78% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Small Cap Core Index(1) | 20.44% | N/A | N/A | N/A | N/A | N/A | N/A | |
Nasdaq US 700 Small Cap Index(1) | 19.11% | N/A | N/A | N/A | N/A | N/A | N/A | |
S&P SmallCap 600® Index | 23.11% | 13.80% | 12.37% | 9.62% | 90.82% | 220.91% | 180.66% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||
1 Year | 5 Years | Inception (4/19/2011) |
5 Years | Inception (4/19/2011) | ||
Fund Performance | ||||||
Net Asset Value | 25.85% | 13.58% | 13.15% | 88.98% | 145.95% | |
Market Price | 25.85% | 13.59% | 13.16% | 89.09% | 146.00% | |
Index Performance | ||||||
Nasdaq AlphaDEX® Small Cap Growth Index(1) | 26.82% | N/A | N/A | N/A | N/A | |
Nasdaq US 700 Small Cap Growth Index(1) | 21.58% | N/A | N/A | N/A | N/A | |
S&P SmallCap 600® Growth Index | 25.53% | 14.78% | 14.79% | 99.19% | 173.10% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Average Annual | Cumulative | |||||
1 Year | 5 Years | Inception (4/19/2011) |
5 Years | Inception (4/19/2011) | ||
Fund Performance | ||||||
Net Asset Value | 14.86% | 7.96% | 10.64% | 46.63% | 108.81% | |
Market Price | 14.80% | 7.94% | 10.64% | 46.54% | 108.76% | |
Index Performance | ||||||
Nasdaq AlphaDEX® Small Cap Value Index(1) | 15.59% | N/A | N/A | N/A | N/A | |
Nasdaq US 700 Small Cap Value Index(1) | 16.66% | N/A | N/A | N/A | N/A | |
S&P SmallCap 600® Value Index | 20.72% | 12.75% | 13.79% | 82.23% | 156.11% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $37.53 | $36.06 | $37.29 | $32.24 | $28.81 |
Income from investment operations: | |||||
Net investment income (loss) | 0.43 | 0.34 | 0.53 | 0.30 | 0.13 |
Net realized and unrealized gain (loss) | 4.88 | 1.48 | (1.43) | 5.03 | 3.43 |
Total from investment operations | 5.31 | 1.82 | (0.90) | 5.33 | 3.56 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.42) | (0.35) | (0.33) | (0.28) | (0.13) |
Net asset value, end of period | $42.42 | $37.53 | $36.06 | $37.29 | $32.24 |
Total Return (a) | 14.17% | 5.10% | (2.34)% | 16.54% | 12.37% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $409,343 | $407,197 | $1,766,902 | $2,559,671 | $943,060 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.64% | 0.63% | 0.61% | 0.63% | 0.70% |
Ratio of net expenses to average net assets | 0.64% | 0.63% | 0.61% | 0.63% | 0.70% |
Ratio of net investment income (loss) to average net assets | 1.03% | 0.79% | 1.39% | 0.91% | 0.42% |
Portfolio turnover rate (b) | 101% | 93% | 103% | 131% | 100% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $46.84 | $49.06 | $45.69 | $37.71 | $33.22 |
Income from investment operations: | |||||
Net investment income (loss) | 1.00 | 0.56 | 0.76 | 0.72 | 0.51 |
Net realized and unrealized gain (loss) | (0.74) | (2.20) | 3.38 | 7.95 | 4.51 |
Total from investment operations | (0.26) | (1.64) | 4.14 | 8.67 | 5.02 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.60) | (0.58) | (0.77) | (0.69) | (0.53) |
Net asset value, end of period | $46.50 | $46.84 | $49.06 | $45.69 | $37.71 |
Total Return (a) | 0.53% | (3.31)% | 9.19% | 23.09% | 15.14% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $369,643 | $461,376 | $2,558,300 | $2,894,359 | $1,059,728 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.64% | 0.62% | 0.61% | 0.62% | 0.69% |
Ratio of net expenses to average net assets | 0.64% | 0.62% | 0.61% | 0.62% | 0.69% |
Ratio of net investment income (loss) to average net assets | 2.09% | 0.94% | 1.60% | 1.75% | 1.59% |
Portfolio turnover rate (b) | 107% | 100% | 102% | 87% | 100% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $13.66 | $14.54 | $16.93 | $28.07 | $22.62 |
Income from investment operations: | |||||
Net investment income (loss) | 0.12 | 0.14 | 0.22 | 0.40 | 0.27 |
Net realized and unrealized gain (loss) | 3.47 | (0.85) | (2.37) | (11.14) | 5.43 |
Total from investment operations | 3.59 | (0.71) | (2.15) | (10.74) | 5.70 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.15) | (0.17) | (0.24) | (0.40) | (0.25) |
Net asset value, end of period | $17.10 | $13.66 | $14.54 | $16.93 | $28.07 |
Total Return (a) | 26.45% | (4.99)% | (12.67)% | (38.59)% | 25.30% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $437,773 | $249,296 | $1,458,077 | $346,292 | $813,925 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.63% | 0.63% | 0.62% | 0.64% | 0.70% |
Ratio of net expenses to average net assets | 0.63% | 0.63% | 0.62% | 0.64% | 0.70% |
Ratio of net investment income (loss) to average net assets | 0.68% | 1.03% | 1.40% | 1.68% | 1.10% |
Portfolio turnover rate (b) | 108% | 55% | 112% | 97% | 72% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $29.39 | $24.09 | $24.43 | $21.64 | $19.79 |
Income from investment operations: | |||||
Net investment income (loss) | 0.62 | 0.44 | 0.39 | 0.30 | 0.33 |
Net realized and unrealized gain (loss) | 2.61 | 5.30 | (0.36) | 2.79 | 1.83 |
Total from investment operations | 3.23 | 5.74 | 0.03 | 3.09 | 2.16 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.58) | (0.44) | (0.37) | (0.30) | (0.31) |
Net asset value, end of period | $32.04 | $29.39 | $24.09 | $24.43 | $21.64 |
Total Return (a) | 11.06% | 24.00% | 0.22% | 14.39% | 10.95% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $1,252,910 | $1,121,234 | $710,692 | $1,074,976 | $904,448 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.63% | 0.63% | 0.64% | 0.64% | 0.69% |
Ratio of net expenses to average net assets | 0.63% | 0.63% | 0.64% | 0.64% | 0.69% |
Ratio of net investment income (loss) to average net assets | 1.99% | 1.72% | 1.72% | 1.59% | 1.61% |
Portfolio turnover rate (b) | 70% | 80% | 75% | 80% | 55% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $66.92 | $61.55 | $69.63 | $53.13 | $42.58 |
Income from investment operations: | |||||
Net investment income (loss) | (0.02) | (0.03) | 0.00(c)(d) | (0.05) | (0.01) |
Net realized and unrealized gain (loss) | 9.90 | 5.40 | (8.08) | 16.55 | 10.56 |
Total from investment operations | 9.88 | 5.37 | (8.08) | 16.50 | 10.55 |
Distributions paid to shareholders from: | |||||
Net investment income | — | — | — | — | — |
Net asset value, end of period | $76.80 | $66.92 | $61.55 | $69.63 | $53.13 |
Total Return (a) | 14.76% | 8.72% | (11.60)% | 31.06% | 24.78% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $1,063,745 | $1,067,382 | $1,147,893 | $4,233,585 | $2,151,907 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.63% | 0.62% | 0.61% | 0.62% | 0.67% |
Ratio of net expenses to average net assets | 0.63% | 0.62% | 0.61% | 0.62% | 0.67% |
Ratio of net investment income (loss) to average net assets | (0.03)% | (0.05)% | 0.01% | (0.10)% | (0.01)% |
Portfolio turnover rate (b) | 107% | 112% | 118% | 125% | 81% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
(c) | Based on average shares outstanding. |
(d) | Amount is less than $0.01. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $35.36 | $28.94 | $29.46 | $29.27 | $24.11 |
Income from investment operations: | |||||
Net investment income (loss) | 0.28 | 0.17 | 0.24 | 0.13 | 0.24 |
Net realized and unrealized gain (loss) | 5.92 | 6.42 | (0.51) | 0.26 | 5.16 |
Total from investment operations | 6.20 | 6.59 | (0.27) | 0.39 | 5.40 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.28) | (0.17) | (0.25) | (0.20) | (0.24) |
Net asset value, end of period | $41.28 | $35.36 | $28.94 | $29.46 | $29.27 |
Total Return (a) | 17.57% | 22.81% | (0.82)% | 1.30% | 22.44% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $1,579,093 | $1,444,369 | $159,169 | $380,087 | $881,038 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.62% | 0.63% | 0.66% | 0.63% | 0.69% |
Ratio of net expenses to average net assets | 0.62% | 0.63% | 0.66% | 0.63% | 0.69% |
Ratio of net investment income (loss) to average net assets | 0.70% | 0.53% | 0.93% | 0.55% | 0.99% |
Portfolio turnover rate (b) | 91% | 101% | 103% | 105% | 95% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $38.63 | $34.32 | $30.68 | $32.55 | $27.93 |
Income from investment operations: | |||||
Net investment income (loss) | 0.40 | 0.48 | 0.41 | 0.47 | 0.35 |
Net realized and unrealized gain (loss) | 4.69 | 4.30 | 3.65 | (1.88) | 4.60 |
Total from investment operations | 5.09 | 4.78 | 4.06 | (1.41) | 4.95 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.41) | (0.47) | (0.42) | (0.46) | (0.33) |
Net asset value, end of period | $43.31 | $38.63 | $34.32 | $30.68 | $32.55 |
Total Return (a) | 13.20% | 14.01% | 13.48% | (4.36)% | 17.73% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $314,026 | $260,726 | $250,558 | $156,470 | $706,424 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.64% | 0.65% | 0.66% | 0.64% | 0.70% |
Ratio of net expenses to average net assets | 0.64% | 0.65% | 0.66% | 0.64% | 0.70% |
Ratio of net investment income (loss) to average net assets | 0.92% | 1.40% | 1.26% | 1.25% | 1.16% |
Portfolio turnover rate (b) | 92% | 84% | 113% | 104% | 76% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $45.12 | $34.84 | $34.98 | $31.74 | $25.97 |
Income from investment operations: | |||||
Net investment income (loss) | 0.09 | 0.32 | 0.27 | 0.14 | 0.08 |
Net realized and unrealized gain (loss) | 11.43 | 10.32 | (0.14) | 3.26 | 5.78 |
Total from investment operations | 11.52 | 10.64 | 0.13 | 3.40 | 5.86 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.10) | (0.36) | (0.27) | (0.16) | (0.09) |
Net asset value, end of period | $56.54 | $45.12 | $34.84 | $34.98 | $31.74 |
Total Return (a) | 25.55% | 30.72% | 0.42% | 10.72% | 22.59% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $1,996,201 | $607,101 | $491,478 | $900,971 | $834,967 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.63% | 0.63% | 0.63% | 0.63% | 0.70% |
Ratio of net expenses to average net assets | 0.63% | 0.63% | 0.63% | 0.63% | 0.70% |
Ratio of net investment income (loss) to average net assets | 0.17% | 0.82% | 0.82% | 0.53% | 0.28% |
Portfolio turnover rate (b) | 127% | 115% | 109% | 91% | 85% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $27.64 | $27.46 | $23.06 | $22.59 | $20.56 |
Income from investment operations: | |||||
Net investment income (loss) | 0.98 | 0.76 | 0.73 | 0.83 | 0.59 |
Net realized and unrealized gain (loss) | (1.30) | 0.19 | 4.38 | 0.47 | 2.04 |
Total from investment operations | (0.32) | 0.95 | 5.11 | 1.30 | 2.63 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.95) | (0.77) | (0.71) | (0.83) | (0.60) |
Net asset value, end of period | $26.37 | $27.64 | $27.46 | $23.06 | $22.59 |
Total Return (a) | (1.09)% | 3.57% | 22.66% | 5.77% | 13.08% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $308,540 | $1,350,332 | $1,831,298 | $132,568 | $634,851 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.63% | 0.62% | 0.62% | 0.69% | 0.70% |
Ratio of net expenses to average net assets | 0.63% | 0.62% | 0.62% | 0.69% | 0.70% |
Ratio of net investment income (loss) to average net assets | 2.67% | 2.74% | 2.79% | 2.58% | 2.31% |
Portfolio turnover rate (b) | 76% | 57% | 71% | 94% | 83% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $54.07 | $46.93 | $45.96 | $43.21 | $37.10 |
Income from investment operations: | |||||
Net investment income (loss) | 0.69 | 0.61 | 0.64 | 0.57 | 0.49 |
Net realized and unrealized gain (loss) | 6.69 | 7.16 | 0.95 | 2.75 | 6.10 |
Total from investment operations | 7.38 | 7.77 | 1.59 | 3.32 | 6.59 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.66) | (0.63) | (0.62) | (0.57) | (0.48) |
Net asset value, end of period | $60.79 | $54.07 | $46.93 | $45.96 | $43.21 |
Total Return (a) | 13.72% | 16.68% | 3.59% | 7.67% | 17.83% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $1,540,924 | $1,554,447 | $1,506,341 | $1,932,424 | $1,151,542 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.61% | 0.61% | 0.61% | 0.61% | 0.64% |
Ratio of net expenses to average net assets | 0.61% | 0.61% | 0.61% | 0.61% | 0.64% |
Ratio of net investment income (loss) to average net assets | 1.17% | 1.21% | 1.43% | 1.25% | 1.25% |
Portfolio turnover rate (b) | 87% | 90% | 109% | 91% | 78% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $55.88 | $51.56 | $49.95 | $42.86 | $36.26 |
Income from investment operations: | |||||
Net investment income (loss) | 0.23 | 0.33 | 0.35 | 0.32 | 0.23 |
Net realized and unrealized gain (loss) | 11.03 | 4.33 | 1.60 | 7.09 | 6.61 |
Total from investment operations | 11.26 | 4.66 | 1.95 | 7.41 | 6.84 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.23) | (0.34) | (0.34) | (0.32) | (0.24) |
Net asset value, end of period | $66.91 | $55.88 | $51.56 | $49.95 | $42.86 |
Total Return (a) | 20.19% | 9.10% | 3.96% | 17.32% | 18.88% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $899,998 | $650,949 | $618,698 | $681,765 | $304,293 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.61% | 0.62% | 0.62% | 0.63% | 0.66% |
Ratio of net expenses to average net assets | 0.61% | 0.62% | 0.62% | 0.63% | 0.66% |
Ratio of net investment income (loss) to average net assets | 0.36% | 0.63% | 0.73% | 0.68% | 0.58% |
Portfolio turnover rate (b) | 119% | 148% | 149% | 143% | 138% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $50.94 | $41.98 | $41.61 | $42.48 | $36.78 |
Income from investment operations: | |||||
Net investment income (loss) | 1.02 | 0.77 | 0.78(c) | 0.77 | 0.69 |
Net realized and unrealized gain (loss) | 3.08 | 8.96 | 0.38 | (0.87) | 5.69 |
Total from investment operations | 4.10 | 9.73 | 1.16 | (0.10) | 6.38 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.97) | (0.77) | (0.79) | (0.77) | (0.68) |
Net asset value, end of period | $54.07 | $50.94 | $41.98 | $41.61 | $42.48 |
Total Return (a) | 8.12% | 23.35% | 2.94% | (0.29)% | 17.46% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $1,146,354 | $1,056,997 | $831,256 | $1,181,747 | $1,021,608 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.61% | 0.62% | 0.62% | 0.62% | 0.64% |
Ratio of net expenses to average net assets | 0.61% | 0.62% | 0.62% | 0.62% | 0.64% |
Ratio of net investment income (loss) to average net assets | 1.92% | 1.63% | 2.00% | 1.77% | 1.80% |
Portfolio turnover rate (b) | 82% | 72% | 94% | 78% | 68% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
(c) | Based on average shares outstanding. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $30.99 | $27.09 | $27.48 | $26.23 | $22.97 |
Income from investment operations: | |||||
Net investment income (loss) | 0.40 | 0.40 | 0.45 | 0.37 | 0.31 |
Net realized and unrealized gain (loss) | 4.40 | 3.92 | (0.42) | 1.27 | 3.24 |
Total from investment operations | 4.80 | 4.32 | 0.03 | 1.64 | 3.55 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.39) | (0.42) | (0.42) | (0.39) | (0.29) |
Net asset value, end of period | $35.40 | $30.99 | $27.09 | $27.48 | $26.23 |
Total Return (a) | 15.57% | 16.10% | 0.19% | 6.29% | 15.54% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $15,931 | $15,496 | $14,897 | $17,864 | $13,117 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 1.21% | 1.38% | 1.69% | 1.40% | 1.28% |
Portfolio turnover rate (b) | 136% | 128% | 145% | 134% | 125% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $59.91 | $52.80 | $52.97 | $50.65 | $44.95 |
Income from investment operations: | |||||
Net investment income (loss) | 0.61 | 0.56 | 0.56 | 0.51 | 0.31 |
Net realized and unrealized gain (loss) | 9.71 | 7.12 | (0.21) | 2.31 | 5.75 |
Total from investment operations | 10.32 | 7.68 | 0.35 | 2.82 | 6.06 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.60) | (0.57) | (0.52) | (0.50) | (0.36) |
Net asset value, end of period | $69.63 | $59.91 | $52.80 | $52.97 | $50.65 |
Total Return (a) | 17.30% | 14.61% | 0.76% | 5.55% | 13.49% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $901,732 | $697,995 | $644,144 | $1,016,952 | $861,094 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.62% | 0.63% | 0.63% | 0.62% | 0.64% |
Ratio of net expenses to average net assets | 0.62% | 0.63% | 0.63% | 0.62% | 0.64% |
Ratio of net investment income (loss) to average net assets | 0.94% | 1.00% | 1.10% | 0.97% | 0.64% |
Portfolio turnover rate (b) | 101% | 103% | 126% | 102% | 81% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $35.07 | $31.22 | $31.31 | $27.61 | $24.62 |
Income from investment operations: | |||||
Net investment income (loss) | 0.03 | 0.15 | 0.11 | 0.13 | 0.07 |
Net realized and unrealized gain (loss) | 8.75 | 3.87 | (0.11) | 3.71 | 3.00 |
Total from investment operations | 8.78 | 4.02 | 0.00 | 3.84 | 3.07 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.05) | (0.17) | (0.09) | (0.14) | (0.08) |
Net asset value, end of period | $43.80 | $35.07 | $31.22 | $31.31 | $27.61 |
Total Return (a) | 25.06% | 12.94% | 0.03% | 13.91% | 12.49% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $214,639 | $94,700 | $82,725 | $114,273 | $41,422 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 0.02% | 0.48% | 0.35% | 0.42% | 0.08% |
Portfolio turnover rate (b) | 124% | 153% | 193% | 159% | 148% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $33.65 | $29.47 | $29.56 | $30.20 | $26.63 |
Income from investment operations: | |||||
Net investment income (loss) | 0.58 | 0.44 | 0.43 | 0.39 | 0.24 |
Net realized and unrealized gain (loss) | 3.04 | 4.17 | (0.10) | (0.64) | 3.56 |
Total from investment operations | 3.62 | 4.61 | 0.33 | (0.25) | 3.80 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.56) | (0.43) | (0.42) | (0.39) | (0.23) |
Net asset value, end of period | $36.71 | $33.65 | $29.47 | $29.56 | $30.20 |
Total Return (a) | 10.80% | 15.72% | 1.22% | (0.87)% | 14.30% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $49,565 | $57,201 | $47,156 | $75,389 | $101,173 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 1.61% | 1.31% | 1.49% | 1.27% | 0.90% |
Portfolio turnover rate (b) | 94% | 95% | 114% | 88% | 84% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $59.33 | $53.31 | $52.16 | $45.23 | $39.59 |
Income from investment operations: | |||||
Net investment income (loss) | 0.12 | 0.25 | 0.24 | 0.23 | 0.12 |
Net realized and unrealized gain (loss) | 13.40 | 6.04 | 1.13 | 6.94 | 5.67 |
Total from investment operations | 13.52 | 6.29 | 1.37 | 7.17 | 5.79 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.14) | (0.27) | (0.22) | (0.24) | (0.15) |
Net asset value, end of period | $72.71 | $59.33 | $53.31 | $52.16 | $45.23 |
Total Return (a) | 22.82% | 11.85% | 2.66% | 15.89% | 14.63% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $192,685 | $103,829 | $85,293 | $91,279 | $61,062 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.69% | 0.70% | 0.70% | 0.72% | 0.74% |
Ratio of net expenses to average net assets | 0.69% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 0.18% | 0.44% | 0.50% | 0.48% | 0.27% |
Portfolio turnover rate (b) | 118% | 142% | 160% | 135% | 139% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. For some periods, the total returns would have been lower if certain fees had not been waived and expenses reimbursed by the investment advisor. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $52.84 | $44.91 | $44.75 | $45.71 | $40.10 |
Income from investment operations: | |||||
Net investment income (loss) | 0.96 | 0.73 | 0.70 | 0.64 | 0.55 |
Net realized and unrealized gain (loss) | 4.45 | 7.96 | 0.13 | (0.96) | 5.60 |
Total from investment operations | 5.41 | 8.69 | 0.83 | (0.32) | 6.15 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.90) | (0.76) | (0.67) | (0.64) | (0.54) |
Net asset value, end of period | $57.35 | $52.84 | $44.91 | $44.75 | $45.71 |
Total Return (a) | 10.30% | 19.46% | 1.98% | (0.74)% | 15.38% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $91,766 | $110,959 | $103,296 | $196,887 | $175,986 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.70% | 0.66% | 0.68% | 0.70% | 0.70% |
Ratio of net expenses to average net assets | 0.70% | 0.66% | 0.68% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 1.67% | 1.45% | 1.61% | 1.36% | 1.29% |
Portfolio turnover rate (b) | 89% | 81% | 96% | 82% | 74% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $56.23 | $48.91 | $48.24 | $46.07 | $42.20 |
Income from investment operations: | |||||
Net investment income (loss) | 0.52 | 0.41 | 0.39 | 0.35 | 0.22 |
Net realized and unrealized gain (loss) | 10.53 | 7.40 | 0.64 | 2.17 | 3.86 |
Total from investment operations | 11.05 | 7.81 | 1.03 | 2.52 | 4.08 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.48) | (0.49) | (0.36) | (0.35) | (0.21) |
Net asset value, end of period | $66.80 | $56.23 | $48.91 | $48.24 | $46.07 |
Total Return (a) | 19.72% (c) | 16.03% | 2.20% | 5.45% | 9.66% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $728,102 | $491,997 | $442,627 | $701,882 | $520,550 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.63% | 0.63% | 0.64% | 0.63% | 0.66% |
Ratio of net expenses to average net assets | 0.63% | 0.63% | 0.64% | 0.63% | 0.66% |
Ratio of net investment income (loss) to average net assets | 0.87% | 0.78% | 0.86% | 0.73% | 0.49% |
Portfolio turnover rate (b) | 116% | 111% | 126% | 97% | 89% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
(c) | The Fund received a payment from the Advisor in the amount of $3,456,678 in connection with a broker error, which represents $0.38 per share. Since the Advisor reimbursed the Fund, there was no effect on the total return. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $38.33 | $33.24 | $32.18 | $27.96 | $26.01 |
Income from investment operations: | |||||
Net investment income (loss) | 0.06 | 0.05 | 0.09 | 0.04 | (0.01) |
Net realized and unrealized gain (loss) | 9.97 | 5.63 | 1.04 | 4.20 | 1.97 |
Total from investment operations | 10.03 | 5.68 | 1.13 | 4.24 | 1.96 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.07) | (0.09) | (0.07) | (0.02) | (0.01) |
Net asset value, end of period | $48.79 | $38.83 | $33.24 | $32.18 | $27.96 |
Total Return (a) | 25.85%(c) | 17.12% | 3.54% | 15.17% | 7.52% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $361,010 | $116,483 | $56,502 | $88,492 | $33,557 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 0.11% | 0.12% | 0.32% | 0.09% | (0.10)% |
Portfolio turnover rate (b) | 141% | 162% | 161% | 153% | 175% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
(c) | The Fund received a payment from the Advisor in the amount of $1,053,251 in connection with a broker error, which represents $0.25 per share. Since the Advisor reimbursed the Fund, there was no effect on the total return. |
Year Ended July 31, | |||||
2018 | 2017 | 2016 | 2015 | 2014 | |
Net asset value, beginning of period | $34.33 | $30.19 | $30.20 | $31.06 | $27.96 |
Income from investment operations: | |||||
Net investment income (loss) | 0.48 | 0.41 | 0.26 | 0.28 | 0.23 |
Net realized and unrealized gain (loss) | 4.60 | 4.23 | (0.04) | (0.85) | 3.09 |
Total from investment operations | 5.08 | 4.64 | 0.22 | (0.57) | 3.32 |
Distributions paid to shareholders from: | |||||
Net investment income | (0.43) | (0.50) | (0.23) | (0.29) | (0.22) |
Net asset value, end of period | $38.98 | $34.33 | $30.19 | $30.20 | $31.06 |
Total Return (a) | 14.86%(c) | 15.41% | 0.79% | (1.89)% | 11.86% |
Ratios/supplemental data: | |||||
Net assets, end of period (in 000’s) | $76,003 | $61,802 | $54,341 | $72,491 | $62,110 |
Ratios to average net assets: | |||||
Ratio of total expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Ratio of net investment income (loss) to average net assets | 1.28% | 1.22% | 0.89% | 0.86% | 0.72% |
Portfolio turnover rate (b) | 123% | 110% | 125% | 96% | 86% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
(c) | The Fund received a payment from the Advisor in the amount of $519,907 in connection with a broker error, which represents $0.27 per share. Since the Advisor reimbursed the Fund, there was no effect on the total return. |