FXN
First Trust Energy AlphaDEX Fund
First Trust Energy AlphaDEX Fund seeks investment results that correspond generally to the StrataQuant Energy 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) | $587 |
| 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 +
| CHEVRON CORP | 7.4 % |
| HF SINCLAIR CORPORATION | 4.9 % |
| OVINTIV INC | 4.5 % |
| MARATHON PETROLEUM | 4.0 % |
| ANTERO RESOURCES CORP | 3.9 % |
| COTERRA ENERGY INC. | 3.9 % |
| SOUTHWESTERN ENERGY CO | 3.9 % |
| PHILLIPS 66 | 3.8 % |
| VALERO ENERGY CORP | 3.8 % |
| CHESAPEAKE ENERGY CORP | 3.7 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 334 |
| Wgt avg mkt cap (mns) | $60,513 |
| Large cap (>$10bn) | 74.4% |
| Mid cap ($2-10bn) | 20.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.8 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.6% | 3.2% | 33.7% | 42.5% | 3.6% | -0.2% | 0.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 34% |
| MSCI EAFE | 1.09 | 32% |
| MSCI Emg Mkts | 0.81 | 17% |
Liquidity Measures
| Avg. volume (000) | 1,654 |
| Turnover | 4.8% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $5,645 |
Technical Indicators
| Recent close | $17.16 |
| 30d moving avg. | $17.54 |
| Annualized volatility | 35.0% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 2.1% |
| Short interest (underlying) | 4.2% |
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. FXN |
Expenses vs. FXN |
ALTAR Score™ vs. FXN |
|---|---|---|---|---|
| FTXN | First Trust Nasdaq Oil & Gas ETF | 61.5% | -1 bp | +2.1% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 59.7% | -21 bp | +2.5% |
| IYE | iShares U.S. Energy ETF | 55.3% | -22 bp | +1.7% |
| XLE | Energy Select Sector SPDR Fund | 52.5% | -51 bp | +2.1% |
| DRLL | Strive U.S. Energy ETF | 50.1% | -20 bp | +1.5% |
| VDE | Vanguard Energy Index Fund | 49.6% | -51 bp | +1.8% |
| FENY | Fidelity MSCI Energy Index ETF | 49.2% | -53 bp | +2.0% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 47.4% | -26 bp | +5.0% |
| IGE | iShares North American Natural Resources ETF | 45.1% | -20 bp | +2.1% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 44.6% | -21 bp | +4.3% |
Risk and Returns: FXN 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 9/26/2023
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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
FXN
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™
FXN
4.2%
Cat. Avg
6.5%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.2% |
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 6.5% and a standard deviation of
3.1%. FXN's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places FXN in the 23rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FXN
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) |
|
|---|---|---|---|
| FXN | 61.0 | 6.1 | 67.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .