First Trust Technology AlphaDEXFirst Trust Technology AlphaDEXFirst Trust Technology AlphaDEX

First Trust Technology AlphaDEX

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Key stats

Assets under management (AUM)
‪1.37 B‬USD
Fund flows (1Y)
‪−37.00 M‬USD
Dividend yield (indicated)
0.33%
Discount/Premium to NAV
0.6%

About First Trust Technology AlphaDEX

Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.62%
Inception date
May 8, 2007
Index tracked
StrataQuant Technology Index
Management style
Passive
FXL attempts to outperform the broad US technology market by selecting securities based on growth and value factors, and skewing away from neutral coverage. The funds tiered equal-weighting scheme leads to a mid-cap bias and significant sector tilts. That is, FXL overweights semiconductor companies at the expense of larger software and IT services firms. Overall, the fund offers a smart beta approach to the US technology space, instead of giving market-like sector exposure. The index is reconstituted and rebalanced quarterly.

Classification

Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Broad-based
Strategy
Multi-factor
Weighting scheme
Tiered
Selection criteria
Multi-factor

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of May 23, 2024
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Stocks99.91%
Technology Services58.05%
Electronic Technology29.66%
Distribution Services5.30%
Producer Manufacturing3.82%
Commercial Services1.67%
Transportation1.41%
Bonds, Cash & Other0.09%
Mutual fund0.09%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows