FXL

First Trust Technology AlphaDEX Fund

First Trust Technology AlphaDEX Fund seeks investment results that correspond to the StrataQuant Technology AlphaDEX Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

1.4 B

ASSETS UNDER MGMT

61 bp

EXPENSES
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateMay 08, 2007
Assets (mns)$1,361
Expense ratio61 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
HASHICORP, INC. (CLASS A) 2.6 %
APPLOVIN CORP. CLASS A 2.5 %
PALANTIR TECHNOLOGIES INC. CLASS A 2.4 %
GODADDY, INC. CLASS A 1.9 %
META PLATFORMS INC 1.8 %
COGNIZANT TECH SOLUTIONS-A 1.8 %
VERTIV HOLDINGS CO. CLASS A 1.8 %
ARROW ELECTRONICS INC 1.8 %
TOAST, INC. CLASS A 1.8 %
BROADCOM INC. 1.8 %
Constituent Breakdown
Number of holdings103
Herfindahl-Hirschman Index 128
Wgt avg mkt cap (mns)$167,371
Large cap (>$10bn)74.8%
Mid cap ($2-10bn)23.6%
Small cap (<$2bn)1.6%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.1 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 8.4% 25.3% 26.9% 4.4% 16.6% 16.1% 12.0%
Volatility 19.7% 19.4% 23.9% 24.6% 27.9% 23.9% --
Market Correlations
versus...BetaR-squared
S&P 5001.1380%
MSCI EAFE0.9656%
MSCI Emg Mkts0.8238%
Liquidity Measures
Avg. volume (000)19
Turnover0.2%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$96,257
Technical Indicators
Recent close$139.51
30d moving avg.$133.75
Annualized volatility22.7%
Relative strength (RSI)55
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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Risk and Returns: FXL vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
1.7 21.2 3.3 0.7% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Rating

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.

ALTAR Score™

FXL

5.0%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. FXL's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places FXL in the 41st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FXL
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
FXL (61 bp) Percentile rank 67
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FXL 61.0 12.5 73.5
Peer Avg. 35.4 14.9 50.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .