When a company such as First Trust Multi Cap Value Alphadex Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the FAB split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Trust Multi Cap Value Alphadex Fund shares, starting with a $10,000 purchase of FAB, presented on a split-history-adjusted basis factoring in the complete FAB split history.

About First Trust Multi Cap Value Alphadex Fund

First Trust Multi Cap Value AlphaDEX Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Multi Cap Value Index (the Index). The Index is an enhanced index created and administered by Standard & Poor's, which selects stocks from the S&P Composite 1500/Citigroup Value Index. As of Jul 31 2009, the Fund's total assets were $10,161,929 and the Fund's investment portfolio was valued at $10,126,180. According to our FAB split history records, First Trust Multi Cap Value Alphadex Fund has had 2 splits.

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