 The
First Trust Large Cap Core AlphaDEX ETF (CSM) is an exchange-traded
fund that seeks to track the performance of the NASDAQ AlphaDEX Large
Cap Core Index. The index uses a proprietary methodology developed by
NASDAQ that selects large-cap stocks based on growth factors, value
factors, and risk factors.
The fund invests in large-cap U.S.
stocks, primarily in the technology, healthcare, financials, consumer
discretionary, and industrials sectors. As of March 22, 2023, the top
holdings of the fund are Microsoft Corporation, Apple Inc., Amazon.com
Inc., Alphabet Inc. Class A, and Alphabet Inc. Class C.
CSM is
designed to provide investors with exposure to large-cap U.S. stocks
with potentially higher returns and lower volatility compared to
traditional market-cap-weighted indexes. The fund's strategy is based
on the belief that the use of a multi-factor selection process can
provide better risk-adjusted returns compared to traditional
market-cap-weighted indexes.
The fund charges an expense ratio
of 0.59% and has total net assets of approximately $2.5 billion as of
March 22, 2023. CSM is a popular ETF among investors who are looking
for exposure to large-cap U.S. stocks with a multi-factor selection
process.
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