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) | $1,017 |
| 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 +
| META PLATFORMS INC | 2.6 % |
| CIRRUS LOGIC INC | 2.2 % |
| SKYWORKS SOLUTIONS INC | 1.9 % |
| ALLEGRO MICROSYSTEMS, INC. | 1.9 % |
| IPG PHOTONICS CORP | 1.9 % |
| MICRON TECHNOLOGY INC | 1.9 % |
| JABIL CIRCUIT INC | 1.9 % |
| ARROW ELECTRONICS INC | 1.7 % |
| LATTICE SEMICONDUCTOR CORP | 1.7 % |
| WESTERN DIGITAL CORP | 1.7 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 128 |
| Wgt avg mkt cap (mns) | $57,896 |
| Large cap (>$10bn) | 63.4% |
| Mid cap ($2-10bn) | 35.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.5 % |
 |
ISRAEL | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 11.2% | -11.1% | -6.1% | 14.5% | 13.1% | 16.5% | 11.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 85% |
| MSCI EAFE | 1.09 | 75% |
| MSCI Emg Mkts | 0.85 | 53% |
Liquidity Measures
| Avg. volume (000) | 38 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $28,666 |
Technical Indicators
| Recent close | $100.55 |
| 30d moving avg. | $101.89 |
| Annualized volatility | 25.9% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 4.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXL |
Expenses vs. FXL |
ALTAR Score™ vs. FXL |
|---|---|---|---|---|
| RYT | Invesco S&P 500 Equal Weight Technology ETF | 44.1% | -21 bp | -0.5% |
| IYW | iShares U.S. Technology ETF | 31.6% | -22 bp | -1.5% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 26.6% | -5 bp | -1.5% |
| QTUM | Defiance Quantum ETF | 26.4% | -21 bp | -2.4% |
| IGM | iShares Expanded Tech Sector ETF | 26.0% | -21 bp | -1.8% |
| XPND | First Trust Expanded Technology ETF | 25.2% | +4 bp | -1.4% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 24.8% | -1 bp | +0.2% |
| SPHB | Invesco S&P 500 High Beta ETF | 24.2% | -36 bp | -2.0% |
| ALTL | Pacer Lunt Large Cap Alternator ETF | 24.2% | -1 bp | -2.3% |
| SOXQ | Invesco PHLX Semiconductor ETF | 23.7% | -42 bp | -0.2% |
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.
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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
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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 3/24/2023
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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.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FXL
6.6%
Cat. Avg
6.6%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.6% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 888 funds in the US Equities category, with an average ALTAR Score™
of 6.6% and a standard deviation of
3.2%. FXL's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places FXL in the 50th 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
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXL | 61.0 | 10.6 | 71.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .