This is an article about a special type of investment called an ETF, which is a way to invest in a group of stocks at once. The ETF mentioned in the article is called the First Trust Multi Cap Growth AlphaDEX ETF, and it focuses on stocks that are expected to grow in the future. The article talks about the ETF's performance, how it chooses stocks, and some alternatives to invest in. It also has a nice picture of a beach at the top. Read from source...

- The title is misleading, it suggests that the ETF is a strong ETF right now, but it does not provide any evidence or reasoning to support this claim.
- The introduction is vague, it does not clearly state what the article is about, it does not introduce the main topic or the main points of discussion.
- The body is poorly structured, it jumps from one topic to another without providing a coherent argument or a clear connection between the points.
- The performance and risk section is confusing, it uses conflicting information, it does not explain how the ETF's beta and standard deviation are calculated or how they affect the ETF's performance and risk.
- The alternatives section is incomplete, it only mentions two other ETFs without providing any comparison or analysis of their performance, risk, fees, or strategy.

### Final answer: The article is poorly written, it does not provide a clear, coherent, or convincing argument for why the ETF is a strong ETF right now. It uses misleading, inconsistent, and irrational information, it does not compare or analyze the ETF's performance, risk, fees, or strategy with other similar products.

- The First Trust Multi Cap Growth AlphaDEX ETF (FAD) is a smart beta ETF that aims to outperform the market by using a fundamentally based stock selection methodology. The ETF is relatively young, having been launched in 2007, but has amassed over $200 million in assets. FAD seeks to match the performance of the Nasdaq AlphaDEX Multi Cap Growth Index, which employs the AlphaDEX stock selection methodology to select stocks from the Nasdaq US 500 Large Cap Index, Nasdaq US 600 Mid Cap Index, and Nasdaq US 700 Small Cap Index.
- The ETF has a beta of 1.11 and standard deviation of 20.62% for the trailing three-year period, making it a medium risk choice in the space. With about 672 holdings, it effectively diversifies company-specific risk. The ETF has gained about 10.63% so far this year and is up roughly 18.30% in the last one year (as of 08/15/2024). In the past 52-week period, it has traded between $92.91 and $129.73.
- Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Annual operating expenses for FAD are 0.64%, which makes it on par with most peer products in the space. The fund has a 12-month trailing dividend yield of 0.30%.
- Sector Exposure and Top Holdings: The ETF's heaviest allocation is in the Industrials sector, which is about 26.10% of the portfolio. Its Information Technology and Consumer Discretionary round out the top three. Looking at individual holdings, Nvidia Corporation accounts for about 0.62% of total assets, followed by Vistra Corp. and Arista Networks, Inc. Its top 10 holdings account for approximately 5.3% of FAD's total assets under management.
### Final answer: The First Trust Multi Cap Growth AlphaDEX ETF (FAD) is a smart beta ETF that aims to outperform the market by using a fundamentally based stock selection methodology.