FXL
First Trust Technology AlphaDEX Fund
First Trust Technology AlphaDEX Fund seeks investment results that correspond to the StrataQuant Technology AlphaDEX Index.
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $1,138 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VERTIV HOLDINGS CO. CLASS A | 2.6 % |
| SPLUNK INC | 1.9 % |
| COGNIZANT TECH SOLUTIONS-A | 1.9 % |
| DOORDASH, INC. CLASS A | 1.8 % |
| JABIL CIRCUIT INC | 1.8 % |
| MANHATTAN ASSOCIATES INC | 1.7 % |
| BROADCOM INC. | 1.7 % |
| AVNET INC | 1.7 % |
| PURE STORAGE, INC. CLASS A | 1.7 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 1.6 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 129 |
| Wgt avg mkt cap (mns) | $139,004 |
| Large cap (>$10bn) | 78.0% |
| Mid cap ($2-10bn) | 20.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.4 % |
 |
LUXEMBOURG | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 27.5% | 19.6% | -4.4% | 7.9% | 13.3% | 16.8% | 11.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 78% |
| MSCI EAFE | 0.96 | 60% |
| MSCI Emg Mkts | 0.81 | 41% |
Liquidity Measures
| Avg. volume (000) | 36 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $69,190 |
Technical Indicators
| Recent close | $110.83 |
| 30d moving avg. | $112.96 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 4.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXL |
Expenses vs. FXL |
ALTAR Score™ vs. FXL |
|---|---|---|---|---|
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 36.8% | -21 bp | +1.3% |
| IYW | iShares U.S. Technology ETF | 34.2% | -22 bp | -0.1% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 32.3% | -12 bp | -0.2% |
| IGM | iShares Expanded Tech Sector ETF | 31.2% | -20 bp | -0.1% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 30.2% | -4 bp | -0.2% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 29.5% | -1 bp | -0.7% |
| XT | iShares Exponential Technologies ETF | 28.9% | -15 bp | -1.4% |
| TRFM | AAM Transformers ETF | 28.4% | -12 bp | -3.7% |
| VGT | Vanguard Information Technology Index Fund | 28.3% | -51 bp | +0.1% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 28.3% | -53 bp | +0.1% |
Risk and Returns: FXL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/28/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FXL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FXL
5.2%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. FXL's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places FXL in the 34th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FXL
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXL | 61.0 | 10.1 | 71.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .