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Public snapshot

FAB Income Quality Score

First Trust Multi Cap Value AlphaDEX Fund (FAB) has an Income Quality Score of 83/100, classified as a Friend with high confidence, based on a 10-year income and total-return history.

First Trust Multi Cap Value AlphaDEX Fund (FAB) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of July 31, 2026Lookback: 10-year
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Long-term focused10-year income and total-return analysis
Data-drivenObjective scoring across 4 quality, distribution and risk signals
Clear classificationFriends to own. Foes to avoid.
IQ Score
83/100
FriendHigh confidence
Asset Type
CEF
Exchange
NASDAQ
Trailing Yield (TTM)
Not published
No normalized trailing yield is published for closed-end funds in this snapshot.
Rank in CEF Universe
18 of 358
Lookback
10-year
Data as of
July 31, 2026
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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.
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FABFirst Trust Multi Cap Value AlphaDEX Fund
83FriendHigh confidence
Snapshot
2026-07
Data as of
2026-07-31
Lookback
10-year
Asset type
Closed-End Fund

IQ Score History

6535FRIENDQUESTION MARKFOE050100Methodology updatedMethodology updated on 2026-07-31 (iq-4class-v1 → iq-4class-v3-direct-dist)2026-072026-072026-072026-07-17 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-20 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-21 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-22 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-23 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-24 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-27 · 83.0 · Friend · Published Snapshot History · iq-4class-v12026-07-28 · 83.1 · Friend · Published Snapshot History · iq-4class-v12026-07-29 · 83.1 · Friend · Published Snapshot History · iq-4class-v12026-07-30 · 83.1 · Friend · Published Snapshot History · iq-4class-v12026-07-31 · 83.0 · Friend · Published Snapshot History · iq-4class-v3-direct-dist6535FRIENDQUESTION MARKFOE050100Methodology updated on 2026-07-31 (iq-4class-v1 → iq-4class-v3-direct-dist)2026-072026-07

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage
100/100
Working Capital Preservation
75/100
Distribution Cut Score
70/100
Distribution Trend
55/100

What is working

  • Economic return covers long-term payout
  • Working capital preserved over time

What to watch

  • 1–2 years with a material annual distribution decline

Distribution Safety

12Years raised
1Years cut
20Years of data
CutCurrent trend

High confidence (10-year history)

  1. 20070.14Held
  2. 20080.4127Raised
  3. 20090.3265Lower total
  4. 20100.3425Raised
  5. 20110.3312Lower total
  6. 20120.7445Raised
  7. 20130.4691Lower total
  8. 20140.6558Raised
  9. 20150.662Held
  10. 20160.7077Raised
  11. 20170.8104Raised
  12. 20180.9382Raised
  13. 20191.0155Raised
  14. 20200.9269Lower total
  15. 20210.9935Raised
  16. 20221.2404Raised
  17. 20231.514Raised
  18. 20241.6483Raised
  19. 20251.3967Cut
  20. 20260.7102Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

The IQ Score is a research classification of historical income quality. It is not investment advice, not a recommendation and not a prediction of future returns.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.