The First Trust Multi Cap Growth AlphaDEX ETF (FAD) is a smart beta ETF designed to provide exposure to the All Cap Growth segment of the market. It employs the AlphaDEX methodology to select stocks with potentially better risk-return performance. The fund has a diversified portfolio, with a focus on Industrials, Information Technology, and Consumer Discretionary sectors. It has delivered solid returns in the past year and boasts a low expense ratio, making it a compelling option for growth-oriented investors.