First Trust United Kingdom AlphaDEX® Fund (FKU)
Investment Objective/Strategy - The First Trust United Kingdom AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq AlphaDEX® United Kingdom Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ United Kingdom Index that meet certain criteria.
  • Nasdaq constructs the Index by ranking the eligible stocks from the NASDAQ United Kingdom Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
  • Each stock receives the best style rank from the previous step as its selection score.
  • The top 75 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
  • Each stock is then tested in order of its selection score rank to check if the weight assigned to that stock is outside the sector weighting constraints, which are set at 15% above the benchmark weight.
    • If the weight assigned to the stock, when added with the weight assigned to all higher ranking stocks in its sector, is greater than the constraint, then the stock's weight is lowered to the highest rank in the next quintile. Stocks previously lower in rank then move up one rank. Such stocks in the lowest quintile that violate a constraint are removed from the portfolio and replaced by the highest scoring stock not originally selected, subject to sector constraints. This process continues until all the sector weightings meet the constraint.
  • The Index is reconstituted and rebalanced semi-annually.
Fund Overview
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End12/31
Inception Price$30.12
Inception NAV$30.12
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Current Fund Data (as of 5/20/2022)
Closing NAV1$35.02
Closing Market Price2$34.92
Bid/Ask Midpoint$34.93
Bid/Ask Discount0.26%
30-Day Median Bid/Ask Spread30.75%
Total Net Assets$75,299,578
Outstanding Shares2,150,002
Daily Volume13,853
Average 30-Day Daily Volume7,718
Closing Market Price 52-Week High/Low$46.14 / $32.68
Closing NAV 52-Week High/Low$46.04 / $33.41
Number of Holdings (excluding cash)73
Top Holdings (as of 5/20/2022)*
Holding Percent
Centrica Plc 3.19%
Anglo American Plc 3.06%
Investec Plc 3.01%
Rio Tinto Plc 2.91%
BP Plc 2.61%
SSE Plc 2.40%
Endeavour Mining Plc 2.29%
Imperial Brands Plc 2.29%
BT Group Plc 2.26%
Frasers Group Plc 2.22%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 5/23/2022)4$0.3198
30-Day SEC Yield (as of 4/29/2022)53.33%
12-Month Distribution Rate (as of 4/29/2022)63.87%
Index Yield (as of 4/29/2022)74.02%
Fund Characteristics (as of 4/29/2022)9
Maximum Market Cap.$204,814
Median Market Cap.$7,907
Minimum Market Cap.$1,483
Price/Cash Flow6.11
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 169 34 16 ---
Days Traded at Discount 83 28 19 ---
Top Sector Exposure (as of 5/20/2022)
Financials 21.66%
Materials 15.18%
Consumer Discretionary 13.26%
Industrials 12.21%
Communication Services 9.98%
Consumer Staples 9.02%
Utilities 6.79%
Real Estate 4.15%
Energy 4.14%
Information Technology 2.85%
Health Care 0.76%
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *