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First Trust Technology AlphaDEX Fund
ETF
FXL
Payout Change
Pending
Price as of:
$148.24
+1.79
+1.22%
primary theme
Technology Sector Equity
FXL (ETF)
First Trust Technology AlphaDEX Fund
Payout Change
Pending
Price as of:
$148.24
+1.79
+1.22%
primary theme
Technology Sector Equity
FXL (ETF)
First Trust Technology AlphaDEX Fund
Payout Change
Pending
Price as of:
$148.24
+1.79
+1.22%
primary theme
Technology Sector Equity
Name
As of 11/19/2024Price
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
15.9%
1 yr return
25.6%
3 Yr Avg Return
3.1%
5 Yr Avg Return
16.4%
Net Assets
$1.32 B
Holdings in Top 10
17.7%
52 WEEK LOW AND HIGH
$146.4
$117.72
$152.22
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 92.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
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
FXL - Profile
Distributions
- YTD Total Return 15.9%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 16.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 0.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFirst Trust Technology AlphaDEX Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateMay 08, 2007
-
Shares Outstanding11355000
-
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 part of the “StrataQuant® Series,” a family of custom enhanced indices developed, maintained and owned by ICE Data Indices, LLC or its affiliates (“IDI” or the “Index Provider”). The Index Provider reserves the right to, at any time, change the number of stocks comprising the Index by adding or deleting one or more stocks, or replacing one or more stocks contained in the Index with one or more substitute stocks of its choice, if in the Index Provider’s discretion, such addition, deletion or substitution is necessary or appropriate to maintain the quality and/or character of the Index.According to the Index Provider, the Index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000® Index in the technology sector that may generate positive alpha relative to traditional passive-style 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 Russell 1000® Index consists of approximately 1,000 of the largest stocks within the Russell 3000® Index. The Russell 3000® Index is constructed to represent approximately 98% of the U.S. market.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 Russell 1000® Index that meet the Index Provider’s share class and liquidity screens.2.The stocks in the selection universe are ranked on both growth and value factors. Each stock is classified as either a value stock, a growth stock or a combination of growth and value, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” A stock classified as a combination of growth and value will receive the better of the two scores.3.The selection universe is then divided into respective sectors as defined by the Index Provider. The component stocks contained in the sector for which the Fund is named are ranked according to their selection score from step 2.4.The number of “selected stocks” for the relevant sector will be the greater of the top 75% of securities from step 3 or 40 stocks. If the total count of eligible stocks in a given sector falls below 40, all eligible stocks will be included. The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index.The Index is reconstituted and rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly 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 October 31, 2023, the Index was composed of 99 securities with a market capitalization range of $2.2 billion to $2.5 trillion. As of October 31, 2023, the Fund had significant investments in information technology companies.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 October 31, 2023. 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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FXL - Performance
Return Ranking - Trailing
| Period | FXL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.9% | -20.7% | 60.5% | 78.64% |
| 1 Yr | 25.6% | -13.7% | 78.8% | 80.00% |
| 3 Yr | 3.1%* | -33.7% | 17.9% | 62.04% |
| 5 Yr | 16.4%* | -10.7% | 32.3% | 58.50% |
| 10 Yr | 16.4%* | 1.2% | 26.8% | 58.17% |
* Annualized
Return Ranking - Calendar
| Period | FXL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 39.9% | -5.6% | 96.9% | 58.45% |
| 2022 | -30.7% | -73.9% | -16.4% | 10.19% |
| 2021 | 18.1% | -44.6% | 51.5% | 25.12% |
| 2020 | 54.1% | 5.5% | 154.1% | 24.38% |
| 2019 | 38.1% | -3.0% | 63.7% | 35.60% |
Total Return Ranking - Trailing
| Period | FXL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.9% | -20.7% | 60.5% | 78.64% |
| 1 Yr | 25.6% | -13.7% | 78.8% | 80.00% |
| 3 Yr | 3.1%* | -33.7% | 17.9% | 62.04% |
| 5 Yr | 16.4%* | -10.7% | 32.3% | 58.50% |
| 10 Yr | 16.4%* | 1.2% | 26.8% | 58.17% |
* Annualized
Total Return Ranking - Calendar
| Period | FXL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 40.5% | -2.3% | 96.9% | 71.23% |
| 2022 | -30.4% | -67.5% | -5.9% | 13.89% |
| 2021 | 18.2% | -17.8% | 59.2% | 40.93% |
| 2020 | 54.2% | 17.5% | 157.5% | 37.81% |
| 2019 | 38.7% | 7.5% | 66.9% | 55.50% |
FXL - Holdings
Concentration Analysis
| FXL | Category Low | Category High | FXL % Rank | |
|---|---|---|---|---|
| Net Assets | 1.32 B | 4.67 M | 81.2 B | 46.61% |
| Number of Holdings | 103 | 10 | 321 | 11.76% |
| Net Assets in Top 10 | 237 M | 1.67 M | 56.8 B | 59.73% |
| Weighting of Top 10 | 17.72% | 13.2% | 100.0% | 98.64% |
Top 10 Holdings
- ON Semiconductor Corp 1.92%
- Concentrix Corp 1.87%
- Cognizant Technology Solutions Corp 1.87%
- Palantir Technologies Inc 1.78%
- Avnet Inc 1.75%
- GoDaddy Inc 1.75%
- Arrow Electronics Inc 1.72%
- Toast Inc 1.70%
- HashiCorp Inc 1.68%
- Broadcom Inc 1.68%
Asset Allocation
| Weighting | Return Low | Return High | FXL % Rank | |
|---|---|---|---|---|
| Stocks | 99.93% | 0.00% | 100.77% | 14.03% |
| Cash | 0.12% | 0.00% | 26.97% | 80.54% |
| Preferred Stocks | 0.00% | 0.00% | 8.61% | 63.35% |
| Other | 0.00% | -0.04% | 26.87% | 60.18% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 53.85% |
| Bonds | 0.00% | 0.00% | 87.98% | 53.39% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FXL % Rank | |
|---|---|---|---|---|
| Technology | 95.09% | 2.80% | 100.00% | 8.14% |
| Communication Services | 3.22% | 0.00% | 97.05% | 73.76% |
| Financial Services | 1.00% | 0.00% | 38.36% | 70.59% |
| Consumer Cyclical | 0.38% | 0.00% | 32.97% | 77.38% |
| Industrials | 0.32% | 0.00% | 38.68% | 63.80% |
| Utilities | 0.00% | 0.00% | 5.17% | 52.04% |
| Real Estate | 0.00% | 0.00% | 15.05% | 64.25% |
| Healthcare | 0.00% | 0.00% | 25.57% | 78.73% |
| Energy | 0.00% | 0.00% | 1.24% | 52.04% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 57.47% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 57.01% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FXL % Rank | |
|---|---|---|---|---|
| US | 99.93% | 0.00% | 100.77% | 10.41% |
| Non US | 0.00% | 0.00% | 63.81% | 75.57% |
FXL - Expenses
Operational Fees
| FXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.08% | 5.04% | 80.45% |
| Management Fee | 0.50% | 0.03% | 1.95% | 18.10% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 19.67% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| FXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| FXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 92.00% | 0.69% | 281.00% | 88.64% |
FXL - Distributions
Dividend Yield Analysis
| FXL | Category Low | Category High | FXL % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.05% | 0.00% | 7.82% | 21.27% |
Dividend Distribution Analysis
| FXL | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| FXL | Category Low | Category High | FXL % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.05% | -2.30% | 2.08% | 28.11% |
Capital Gain Distribution Analysis
| FXL | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.018 | OrdinaryDividend |
| Mar 21, 2024 | $0.118 | OrdinaryDividend |
| Dec 22, 2023 | $0.373 | OrdinaryDividend |
| Sep 22, 2023 | $0.027 | OrdinaryDividend |
| Jun 27, 2023 | $0.042 | OrdinaryDividend |
| Mar 24, 2023 | $0.080 | OrdinaryDividend |
| Dec 23, 2022 | $0.077 | OrdinaryDividend |
| Sep 23, 2022 | $0.063 | OrdinaryDividend |
| Jun 24, 2022 | $0.052 | OrdinaryDividend |
| Mar 25, 2022 | $0.118 | OrdinaryDividend |
| Dec 23, 2021 | $0.121 | OrdinaryDividend |
| Sep 23, 2021 | $0.023 | OrdinaryDividend |
| Jun 25, 2020 | $0.020 | OrdinaryDividend |
| Mar 26, 2020 | $0.029 | OrdinaryDividend |
| Dec 13, 2019 | $0.048 | OrdinaryDividend |
| Sep 25, 2019 | $0.062 | OrdinaryDividend |
| Jun 14, 2019 | $0.030 | OrdinaryDividend |
| Mar 21, 2019 | $0.126 | OrdinaryDividend |
| Dec 28, 2018 | $0.057 | ExtraDividend |
| Dec 18, 2018 | $0.069 | OrdinaryDividend |
| Jun 21, 2018 | $0.022 | OrdinaryDividend |
| Mar 22, 2018 | $0.022 | OrdinaryDividend |
| Dec 21, 2017 | $0.023 | OrdinaryDividend |
| Sep 21, 2017 | $0.031 | OrdinaryDividend |
| Jun 22, 2017 | $0.041 | OrdinaryDividend |
| Mar 23, 2017 | $0.042 | OrdinaryDividend |
| Dec 21, 2016 | $0.132 | OrdinaryDividend |
| Sep 21, 2016 | $0.144 | OrdinaryDividend |
| Jun 22, 2016 | $0.057 | OrdinaryDividend |
| Mar 23, 2016 | $0.094 | OrdinaryDividend |
| Dec 23, 2015 | $0.075 | OrdinaryDividend |
| Sep 23, 2015 | $0.044 | OrdinaryDividend |
| Dec 23, 2014 | $0.117 | OrdinaryDividend |
| Sep 23, 2014 | $0.039 | OrdinaryDividend |
| Jun 24, 2014 | $0.040 | OrdinaryDividend |
| Mar 25, 2014 | $0.021 | OrdinaryDividend |
| Dec 18, 2013 | $0.022 | OrdinaryDividend |
| Sep 20, 2013 | $0.010 | OrdinaryDividend |
| Jun 21, 2013 | $0.055 | OrdinaryDividend |
| Mar 21, 2013 | $0.010 | OrdinaryDividend |
| Dec 21, 2012 | $0.065 | OrdinaryDividend |
| Jun 21, 2012 | $0.011 | OrdinaryDividend |
| Dec 21, 2010 | $0.006 | OrdinaryDividend |
FXL - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
May 08, 2007
15.07
15.1%
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.
Jon Erickson
Start Date
Tenure
Tenure Rank
May 08, 2007
15.07
15.1%
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
May 08, 2007
15.07
15.1%
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
May 08, 2007
15.07
15.1%
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.
Roger Testin
Start Date
Tenure
Tenure Rank
May 08, 2007
15.07
15.1%
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.
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 |
|---|---|---|---|
| 0.04 | 32.43 | 8.25 | 1.41 |
