First Trust Utilities AlphaDEX® Fund (FXU)
Investment Objective/Strategy - The First Trust Utilities 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® Utilities Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The StrataQuant® Utilities 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® Utilities 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 utilities sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Utilities Index.
    • If the total count of eligible stocks in the utilities 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 TypeUtilities
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*0.64%
Net Expense Ratio*0.64%
* As of 12/1/2023
Expenses are capped contractually at 0.70% per year, at least through November 30, 2024.
Current Fund Data (as of 2/27/2024)
Closing NAV1$30.54
Closing Market Price2$30.53
Bid/Ask Midpoint$30.54
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$225,988,483
Outstanding Shares7,400,002
Daily Volume129,901
Average 30-Day Daily Volume102,064
Closing Market Price 52-Week High/Low$33.61 / $27.35
Closing NAV 52-Week High/Low$33.63 / $27.36
Number of Holdings (excluding cash)40
Top Holdings (as of 2/27/2024)*
Holding Percent
Vistra Corp. 5.66%
Public Service Enterprise Group Incorporated 4.30%
National Fuel Gas Company 4.18%
Avangrid, Inc. 4.17%
Evergy, Inc. 4.11%
Consolidated Edison, Inc. 4.08%
Hawaiian Electric Industries, Inc. 3.79%
Brookfield Renewable Corporation (Class A) 3.60%
Exelon Corporation 3.45%
Entergy Corporation 3.41%

* 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 2/28/2024)4$0.2540
30-Day SEC Yield (as of 1/31/2024)53.14%
Unsubsidized 30-Day SEC Yield (as of 1/31/2024)63.14%
12-Month Distribution Rate (as of 1/31/2024)72.65%
Index Yield (as of 1/31/2024)84.05%
Fund Characteristics (as of 1/31/2024)9
Maximum Market Cap.$120,292
Median Market Cap.$19,127
Minimum Market Cap.$1,428
Price/Cash Flow6.54
Bid/Ask Premium/Discount (as of 2/27/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 139 26 --- ---