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First Trust Small Cap Value AlphaDEX Fund
FYT (First Trust Small Cap Value AlphaDEX Fund) is a factor US Equity ETF by First. With a 0.70% MER, it provides diversified exposure through 255 holdings. Semi-annual distribution with a 1.18% yield.
FYT 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.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).