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First Trust Multi Cap Growth AlphaDEX Fund
FAD (First Trust Multi Cap Growth AlphaDEX Fund) is an active US Equity ETF by First. With a 0.63% MER, it provides diversified exposure through 177 holdings. Semi-annual distribution with a 0.11% yield.
FAD is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.63% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).