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First Trust Consumer Discretionary AlphaDEX® Fund (FXD)
Investment Objective/Strategy - The First Trust Consumer Discretionary 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 fees and expenses, of an equity index called the StrataQuant® Consumer Discretionary Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The StrataQuant® Consumer Discretionary Index is an "enhanced" index developed, maintained and sponsored by ICE Data Indices, LLC or its affiliates ("IDI") which employs the AlphaDEX® stock selection methodology to select stocks from the Russell 1000® Index.
  • IDI constructs the StrataQuant® Consumer Discretionary Index by ranking the stocks which are members of the Russell 1000® Index on growth factors including three, six 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.
  • Each stock receives either its growth or value score rank as its selection score based on its style designation as determined by Russell. Stocks which Russell allocates between both growth and value receive the better of their growth or value score rank as their selection score.
  • IDI then ranks those stocks contained in the consumer discretionary sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Consumer Discretionary Index.
    • If the total count of eligible stocks in the consumer discretionary sector falls below 40, all eligible stocks will be included.
  • 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.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeConsumer Discretionary
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End07/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.61%
Net Expense Ratio*0.61%
* As of 12/1/2021
Expenses are capped contractually at 0.70% per year, at least through November 30, 2022.
Current Fund Data (as of 9/29/2022)
Closing NAV1$43.54
Closing Market Price2$43.51
Bid/Ask Midpoint$43.53
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$333,069,409
Outstanding Shares7,650,002
Daily Volume49,239
Average 30-Day Daily Volume42,603
Closing Market Price 52-Week High/Low$65.57 / $43.47
Closing NAV 52-Week High/Low$65.55 / $43.46
Number of Holdings (excluding cash)122
Top Holdings (as of 9/29/2022)*
Holding Percent
Dick's Sporting Goods, Inc. 2.13%
BJ's Wholesale Club Holdings, Inc. 1.70%
Genuine Parts Company 1.60%
AMERCO 1.52%
Lennar Corporation 1.51%
Ulta Beauty, Inc. 1.50%
General Motors Company 1.49%
D.R. Horton, Inc. 1.47%
Ford Motor Company 1.47%
PulteGroup, Inc. 1.37%

* 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 9/30/2022)4$0.1208
30-Day SEC Yield (as of 8/31/2022)50.85%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)60.85%
12-Month Distribution Rate (as of 8/31/2022)71.10%
Index Yield (as of 8/31/2022)81.51%
Fund Characteristics (as of 8/31/2022)10
Maximum Market Cap.$363,339
Median Market Cap.$8,990
Minimum Market Cap.$1,841
Price/Cash Flow7.19
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 170 18 19 16
Days Traded at Discount 82 44 43 47
Top Industry Exposure (as of 9/29/2022)
Retailers 30.28%
Travel and Leisure 15.39%
Personal Goods 11.46%
Household Goods and Home Construction 10.98%
Media 10.41%
Automobiles and Parts 9.19%
Leisure Goods 7.00%
Consumer Services 5.29%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *