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First Trust Small Cap Core AlphaDEX Fund
FYX (First Trust Small Cap Core AlphaDEX Fund) is a factor US Equity ETF by First. With a 0.58% MER, it provides diversified exposure through 511 holdings. Quarterly distribution with a 0.77% yield.
FYX by First is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
With a 0.58% 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).