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First Trust Latin America AlphaDEX Fund
ETF
FLN
Payout Change
Pending
Price as of:
$16.57
-0.18
-1.07%
primary theme
Latin America Equity
FLN (ETF)
First Trust Latin America AlphaDEX Fund
Payout Change
Pending
Price as of:
$16.57
-0.18
-1.07%
primary theme
Latin America Equity
FLN (ETF)
First Trust Latin America AlphaDEX Fund
Payout Change
Pending
Price as of:
$16.57
-0.18
-1.07%
primary theme
Latin America Equity
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-16.1%
1 yr return
-9.4%
3 Yr Avg Return
5.2%
5 Yr Avg Return
0.2%
Net Assets
$65.9 M
Holdings in Top 10
35.3%
52 WEEK LOW AND HIGH
$16.8
$16.57
$20.97
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FLN - Profile
Distributions
- YTD Total Return -16.1%
- 3 Yr Annualized Total Return 5.2%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.28%
- Dividend Yield 9.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Latin America AlphaDEX Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateApr 18, 2011
-
Shares Outstanding2650002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and is developed, maintained and sponsored by Nasdaq, Inc. (the “Index Provider“). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity.The Index is composed of securities issued by companies operating in Latin America, as classified by the Index Provider. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing. Securities issued by companies operating in Brazil, Mexico and other emerging market countries may comprise a significant portion of the Index. The Index may also be composed of securities denominated in non-U.S. currencies. According to the Index Provider, the Index is designed to select stocks from the Nasdaq Latin AmericaTM Index (the “Base Index”) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology. Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in Latin America, as determined by the Index Provider. The Index may be composed of, but not limited to, common stocks, depositary receipts, real estate investment trusts ("REITs"),preferred securities and small, mid and large cap companies.According to the Index Provider, security selection for the Index will be conducted in the following manner:1.The selection universe for the Index begins with all stocks in the Base Index.2.The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; stocks which do not meet the Index Provider’s liquidity screens; and stocks with a consolidated market capitalization less than or equal to the mid cap breakpoint (50th percentile) as calculated by Nasdaq. As of March 28, 2024, the mid cap breakpoint was $4.1 billion. The Index Provider may include stocks below the mid cap breakpoint in order to reach a predetermined minimum number of eligible stocks.3.The remaining stocks in the universe are then ranked on both growth and value factors. Each stock receives the best style rank from this step as its selection score.4.The top 50 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index.5.The Index is subject to industry/country weighting constraints which are set at 15% above the industry/country percentages of the Base Index. A stock will be moved to a lower-weighted quintile when its weight, added to the weight assigned to all higher ranking stocks in its industry/country, is greater than the industry/country weighting constraint. Stocks that fail the industry/country weighting constraints at the lowest quintile will be removed from the Index.The Index is rebalanced and reconstituted semi-annually and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s semi-annual rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 28, 2024, the Index was composed of 50 securities and the Fund had significant investments in financial companies, Brazilian issuers, Mexican issuers and Latin American issuers, although this may change from time to time. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 28, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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FLN - Performance
Return Ranking - Trailing
| Period | FLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -16.1% | -21.9% | -11.5% | 46.67% |
| 1 Yr | -9.4% | -15.0% | -4.0% | 46.67% |
| 3 Yr | 5.2%* | -1.9% | 8.6% | 53.33% |
| 5 Yr | 0.2%* | -5.7% | 0.7% | 42.86% |
| 10 Yr | 1.3%* | -0.4% | 2.5% | 55.56% |
* Annualized
Return Ranking - Calendar
| Period | FLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.0% | 16.7% | 31.7% | 80.00% |
| 2022 | -2.8% | -15.0% | 1.0% | 60.00% |
| 2021 | -11.1% | -24.3% | -7.1% | 14.29% |
| 2020 | -14.2% | -22.4% | 1.0% | 57.14% |
| 2019 | 24.6% | 10.2% | 47.4% | 53.85% |
Total Return Ranking - Trailing
| Period | FLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -16.1% | -21.9% | -11.5% | 46.67% |
| 1 Yr | -9.4% | -15.0% | -4.0% | 46.67% |
| 3 Yr | 5.2%* | -1.9% | 8.6% | 53.33% |
| 5 Yr | 0.2%* | -5.7% | 0.7% | 42.86% |
| 10 Yr | 1.3%* | -0.4% | 2.5% | 55.56% |
* Annualized
Total Return Ranking - Calendar
| Period | FLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 29.7% | 28.3% | 36.6% | 86.67% |
| 2022 | 2.8% | -11.1% | 12.4% | 66.67% |
| 2021 | -7.0% | -21.1% | -1.5% | 21.43% |
| 2020 | -12.3% | -20.9% | 1.0% | 57.14% |
| 2019 | 27.2% | 13.8% | 50.6% | 69.23% |
FLN - Holdings
Concentration Analysis
| FLN | Category Low | Category High | FLN % Rank | |
|---|---|---|---|---|
| Net Assets | 65.9 M | 6.65 M | 5.28 B | 86.67% |
| Number of Holdings | 50 | 44 | 152 | 80.00% |
| Net Assets in Top 10 | 7.46 M | 2.1 M | 2.3 B | 86.67% |
| Weighting of Top 10 | 35.34% | 34.3% | 57.4% | 66.67% |
Top 10 Holdings
- NU Holdings Ltd/Cayman Islands 4.16%
- BRF SA 3.83%
- Embraer SA 3.74%
- Petroleo Brasileiro SA 3.66%
- Cia Energetica de Minas Gerais 3.53%
- Gerdau SA 3.42%
- Coca-Cola Femsa SAB de CV 3.42%
- Qualitas Controladora SAB de CV 3.36%
- El Puerto de Liverpool SAB de CV 3.18%
- Banco de Credito e Inversiones SA 3.03%
Asset Allocation
| Weighting | Return Low | Return High | FLN % Rank | |
|---|---|---|---|---|
| Stocks | 76.90% | 69.19% | 95.75% | 80.00% |
| Preferred Stocks | 23.29% | 0.00% | 28.32% | 26.67% |
| Other | 0.00% | 0.00% | 0.11% | 93.33% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 86.67% |
| Cash | 0.00% | 0.00% | 9.18% | 100.00% |
| Bonds | 0.00% | 0.00% | 4.41% | 86.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FLN % Rank | |
|---|---|---|---|---|
| Basic Materials | 25.61% | 6.29% | 30.27% | 26.67% |
| Financial Services | 17.11% | 7.53% | 35.31% | 86.67% |
| Utilities | 16.47% | 0.56% | 24.83% | 20.00% |
| Industrials | 14.00% | 2.78% | 17.03% | 40.00% |
| Consumer Defense | 6.92% | 6.76% | 16.72% | 73.33% |
| Communication Services | 6.04% | 0.31% | 7.08% | 20.00% |
| Consumer Cyclical | 5.93% | 2.93% | 17.90% | 66.67% |
| Energy | 5.16% | 3.95% | 17.38% | 73.33% |
| Healthcare | 2.76% | 1.37% | 7.43% | 73.33% |
| Technology | 0.00% | 0.00% | 5.06% | 93.33% |
| Real Estate | 0.00% | 0.00% | 6.78% | 86.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FLN % Rank | |
|---|---|---|---|---|
| Non US | 68.20% | 42.54% | 84.58% | 60.00% |
| US | 8.70% | 0.00% | 51.36% | 73.33% |
FLN - Expenses
Operational Fees
| FLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.19% | 2.76% | 60.00% |
| Management Fee | 0.80% | 0.19% | 1.10% | 40.00% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 20.00% |
| Administrative Fee | N/A | 0.08% | 0.15% | N/A |
Sales Fees
| FLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 17.00% | 115.00% | 61.54% |
FLN - Distributions
Dividend Yield Analysis
| FLN | Category Low | Category High | FLN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.23% | 2.54% | 9.47% | 26.67% |
Dividend Distribution Analysis
| FLN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| FLN | Category Low | Category High | FLN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.28% | 1.18% | 8.87% | 33.33% |
Capital Gain Distribution Analysis
| FLN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.382 | OrdinaryDividend |
| Jun 27, 2024 | $0.381 | OrdinaryDividend |
| Mar 21, 2024 | $0.188 | OrdinaryDividend |
| Dec 22, 2023 | $0.151 | OrdinaryDividend |
| Sep 22, 2023 | $0.159 | OrdinaryDividend |
| Jun 27, 2023 | $0.520 | OrdinaryDividend |
| Mar 24, 2023 | $0.037 | OrdinaryDividend |
| Dec 23, 2022 | $0.182 | OrdinaryDividend |
| Sep 23, 2022 | $0.231 | OrdinaryDividend |
| Jun 24, 2022 | $0.506 | OrdinaryDividend |
| Mar 25, 2022 | $0.015 | OrdinaryDividend |
| Dec 23, 2021 | $0.397 | OrdinaryDividend |
| Sep 23, 2021 | $0.177 | OrdinaryDividend |
| Jun 24, 2021 | $0.188 | OrdinaryDividend |
| Mar 25, 2021 | $0.049 | OrdinaryDividend |
| Sep 24, 2020 | $0.069 | OrdinaryDividend |
| Jun 25, 2020 | $0.163 | OrdinaryDividend |
| Mar 26, 2020 | $0.085 | OrdinaryDividend |
| Dec 13, 2019 | $0.055 | OrdinaryDividend |
| Sep 25, 2019 | $0.011 | OrdinaryDividend |
| Jun 14, 2019 | $0.299 | OrdinaryDividend |
| Mar 21, 2019 | $0.068 | OrdinaryDividend |
| Dec 18, 2018 | $0.200 | OrdinaryDividend |
| Sep 14, 2018 | $0.038 | OrdinaryDividend |
| Jun 21, 2018 | $0.298 | OrdinaryDividend |
| Mar 22, 2018 | $0.024 | OrdinaryDividend |
| Dec 21, 2017 | $1.315 | OrdinaryDividend |
| Sep 21, 2017 | $0.343 | OrdinaryDividend |
| Jun 22, 2017 | $0.329 | OrdinaryDividend |
| Mar 23, 2017 | $0.111 | OrdinaryDividend |
| Sep 21, 2016 | $0.001 | OrdinaryDividend |
| Jun 22, 2016 | $0.175 | OrdinaryDividend |
| Mar 23, 2016 | $0.021 | OrdinaryDividend |
| Sep 23, 2015 | $0.098 | OrdinaryDividend |
| Jun 24, 2015 | $0.155 | OrdinaryDividend |
| Mar 25, 2015 | $0.056 | OrdinaryDividend |
| Dec 23, 2014 | $0.126 | OrdinaryDividend |
| Sep 23, 2014 | $0.118 | OrdinaryDividend |
| Jun 24, 2014 | $0.467 | OrdinaryDividend |
| Mar 25, 2014 | $0.042 | OrdinaryDividend |
| Dec 18, 2013 | $0.017 | OrdinaryDividend |
| Jun 21, 2013 | $0.335 | OrdinaryDividend |
| Mar 21, 2013 | $0.126 | OrdinaryDividend |
| Dec 21, 2012 | $0.057 | OrdinaryDividend |
| Sep 21, 2012 | $0.057 | OrdinaryDividend |
| Jun 21, 2012 | $0.684 | OrdinaryDividend |
| Dec 21, 2011 | $0.585 | OrdinaryDividend |
FLN - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Apr 18, 2011
11.13
11.1%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Roger Testin
Start Date
Tenure
Tenure Rank
Apr 18, 2011
11.13
11.1%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Jon Erickson
Start Date
Tenure
Tenure Rank
Apr 18, 2011
11.13
11.1%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Apr 18, 2011
11.13
11.1%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Apr 18, 2011
11.13
11.1%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Chris Peterson
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 2.04 | 8.17 | 4.49 | 2.04 |
