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First Trust Small Cap Growth AlphaDEX Fund
FYC (First Trust Small Cap Growth AlphaDEX Fund) is a factor US Equity ETF by First. With a 0.70% MER, it provides diversified exposure through 260 holdings. Semi-annual distribution with a 0.08% yield.
FYC by First is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
With a 0.70% 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).