The First Trust Total US Market AlphaDEX ETF (NasdaqGM: TUSA) is not a new ETF, but it is new in its current form.

On Friday, TUSA, formerly known as the First Trust Value Line Index Fund (NYSE: FVI), became the First Trust Total US Market AlphaDEX ETF and transitioned to a Nasdaq listing. In shifting its investment objective, TUSA now tracks the Nasdaq AlphaDEX Total US Market Index, which is “is designed to objectively identify and select stocks across market capitalizations (including large-cap, mid-cap and small-cap companies) that exhibit growth and value factors and appear to have the greatest potential for capital appreciation. It is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies with capital appreciation potential,” according to a statement.

The $5.2 million TUSA, which debuted in in December 2066, is home to almost 1,200 stocks. TUSA becomes the 42nd ETF to join First Trust’s AlphaDEX lineup. [AlphaDEX ETFs Drive First Trust Growth]

AlphaDEX ETFs focus “on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors including book value to price, cash flow to price and return on assets,” according to First Trust.

No stock accounts for more than 0.45% of TUSA’s weight. The ETF’s new CUSIP is 33733E708.

Financial services is the largest sector weight in TUSA at 19% followed by a 15.6% weight to technology. Industrials, consumer discretionary and health care also receive double-digit weights in the ETF.

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