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Should First Trust Small Cap Core AlphaDEX ETF (FYX) Be on Your Investing Radar?Zacks Investment Research · Aug 5, 2026The First Trust Small Cap Core AlphaDEX Fund is an exchange-traded fund (ETF) whose primary objective is to replicate the investment performance, including both capital appreciation and income, of the Nasdaq AlphaDEX Small Cap Core Index. The fund aims to achieve results that generally correspond to this equity benchmark's returns, prior to the deduction of any fees or expenses.