Key stats
About First Trust Brazil AlphaDEX Fund
Expense ratio
0.80%
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Inception date
Apr 18, 2011
FBZ does not attempt to provide neutral exposure to Brazil, instead it tries to select firms best positioned to outperform the market. This gives it a significant small- and midcap tilt and a choice for those investors willing to assume the increased risks of its portfolio. Sector bets also drive a slightly increased beta. To construct its portfolio, the fund will select 50 stocks with the highest selection score based on growth and value factors. These are then split into quintiles, with higher scoring quintiles receiving greater weight in the index. Weighting constraints are also set at 15% above the sector/country percentages of the base index. The fund is rebalanced and reconstituted semi-annually.
Classification
What's in the fund
Exposure type
Finance
Utilities
Non-Energy Minerals
Stock breakdown by region