Key stats
About First Trust Financials AlphaDEX
Expense ratio
0.62%
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Inception date
May 8, 2007
FXO attempts to beat the US financials market, instead of providing a market-like sector exposure. The fund applies a quant-based model to the Russell 1000 financials universeit hopes to pick winners by determining the degree to which firms outperform or underperform on a risk-adjusted basis relative to the benchmark. The fund then equal-weights the chosen outperforming stocks in tiers. This method leads FXO to a perpetual mid-cap bias, and tilts it to different sectors, including non-financials. The index is reconstituted and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region