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) | $606 |
| Expense ratio | 62 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 +
| VALERO ENERGY CORP | 4.9 % |
| OVINTIV INC | 4.9 % |
| HF SINCLAIR CORPORATION | 4.9 % |
| NATIONAL OILWELL VARCO INC | 4.8 % |
| MARATHON OIL CORP | 4.8 % |
| CHESAPEAKE ENERGY CORP | 4.6 % |
| EQT CORP | 4.5 % |
| EOG RESOURCES, INC. | 3.9 % |
| DEVON ENERGY CORPORATION | 3.9 % |
| APA CORP. | 3.8 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 343 |
| Wgt avg mkt cap (mns) | $58,289 |
| Large cap (>$10bn) | 74.2% |
| Mid cap ($2-10bn) | 20.5% |
| Small cap (<$2bn) | 5.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 12.7% | 23.8% | 11.8% | 25.8% | 11.0% | -1.1% | 0.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 19% |
| MSCI EAFE | 0.62 | 14% |
| MSCI Emg Mkts | 0.43 | 7% |
Liquidity Measures
| Avg. volume (000) | 2,569 |
| Turnover | 7.8% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $14,137 |
Technical Indicators
| Recent close | $18.31 |
| 30d moving avg. | $16.73 |
| Annualized volatility | 28.4% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.8% |
| 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 |
|---|---|---|---|---|
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 63.2% | -22 bp | +3.8% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 56.1% | -2 bp | +3.8% |
| IYE | iShares U.S. Energy ETF | 48.0% | -22 bp | +3.2% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 46.8% | -27 bp | +6.8% |
| XLE | Energy Select Sector SPDR Fund | 45.1% | -53 bp | +3.6% |
| DRLL | Strive U.S. Energy ETF | 44.2% | -21 bp | +3.1% |
| VDE | Vanguard Energy ETF | 44.1% | -52 bp | +3.4% |
| FENY | Fidelity MSCI Energy Index ETF | 43.4% | -54 bp | +3.5% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 40.2% | -22 bp | +5.5% |
| FCG | First Trust Natural Gas ETF | 39.7% | -2 bp | +6.0% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 4/18/2024
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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
3.6%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.6% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. FXN's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places FXN in the 19th 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 | 62.0 | 5.9 | 67.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .