Key stats
About First Trust
Expense ratio
0.80%
Home page
Inception date
Feb 14, 2012
ISIN
US33737J2244
FKU aims to outperform the broad UK equity market through the use of the AlphaDEX selection methodology. The fund starts by assigning both growth and value scores to NASDAQ United Kingdom Index (parent index) constituents. Growth score is measured by 3-, 6- and 12-month price appreciation, sales-to-price, and 1-year sales growth, whereas value score is calculated by book value-to-price, cash flow-to-price, and return-on-assets. Securities are then identified as either a value or growth stock based on its best style rank which will also be used as its selection score. The top 75 names based on selection score are included in the funds portfolio. Selected securities are then split into quintiles based on their selection scores, with higher scoring quintiles receiving a greater weight. Securities are equally-weighted within each quintile. To limit concentration, the fund employs sector constraints relative to its parent index. The Index is rebalanced and reconstituted semi-annually.
Classification
What's in the fund
Exposure type
Finance
Retail Trade
Stock breakdown by region