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First Trust Financials AlphaDEX® Fund (FXO)
Investment Objective/Strategy - The First Trust Financials 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® Financials Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The StrataQuant® Financials 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® Financials 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 financials sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Financials Index.
    • If the total count of eligible stocks in the financials 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
TickerFXO
Fund TypeFinancials
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734X135
ISINUS33734X1357
Intraday NAVFXOIV
Fiscal Year-End07/31
ExchangeNYSE Arca
Inception5/8/2007
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.62%
Net Expense Ratio*0.62%
* As of 12/1/2020
Expenses are capped contractually at 0.70% per year, at least until November 30, 2021.
Current Fund Data (as of 9/21/2021)
Closing NAV1$43.39
Closing Market Price2$43.38
Bid/Ask Midpoint$43.38
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.04%
Total Net Assets$1,319,048,718
Outstanding Shares30,400,002
Daily Volume181,217
Average 30-Day Daily Volume233,771
Closing Market Price 52-Week High/Low$46.05 / $24.32
Closing NAV 52-Week High/Low$46.07 / $24.31
Number of Holdings (excluding cash)105
Top Holdings (as of 9/21/2021)*
Holding Percent
Blackstone Inc. 2.10%
MGIC Investment Corporation 1.72%
First American Financial Corporation 1.70%
Janus Henderson Group Plc 1.68%
Credit Acceptance Corporation 1.67%
Jefferies Financial Group Inc. 1.67%
Fidelity National Financial, Inc. 1.64%
Markel Corporation 1.62%
Arch Capital Group Ltd. 1.59%
The Allstate Corporation 1.59%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2021)4

Among 94 funds in the Financial category. This fund was rated 3 stars/94 funds (3 years), 3 stars/84 funds (5 years), 4 stars/71 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 9/23/2021)5$0.2267
30-Day SEC Yield (as of 8/31/2021)61.79%
Unsubsidized 30-Day SEC Yield (as of 8/31/2021)71.79%
12-Month Distribution Rate (as of 8/31/2021)81.83%
Index Yield (as of 8/31/2021)92.80%
Fund Characteristics (as of 8/31/2021)11
Maximum Market Cap.$646,780
Median Market Cap.$11,682
Minimum Market Cap.$2,874
Price/Earnings8.24
Price/Book1.33
Price/Cash Flow7.29
Price/Sales1.74
Bid/Ask Premium/Discount (as of 9/21/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 102 49 56 30
Days Traded at Discount 151 12 7 28
Top Industry Exposure (as of 9/21/2021)
Investment Banking and Brokerage Services 29.50%
Non-life Insurance 27.95%
Banks 23.23%
Finance and Credit Services 9.29%
Life Insurance 5.32%
Mortgage Real Estate Investment Trusts 4.71%
Hypothetical Growth of $10,000 Since Inception (as of 9/21/2021) *