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.
  • 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 12/1/2021
Expenses are capped contractually at 0.70% per year, at least until November 30, 2022. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 5/13/2022)
Closing NAV1$33.33
Closing Market Price2$33.32
Bid/Ask Midpoint$33.33
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.06%
Total Net Assets$324,947,330
Outstanding Shares9,750,002
Daily Volume255,930
Average 30-Day Daily Volume174,438
Closing Market Price 52-Week High/Low$35.25 / $29.53
Closing NAV 52-Week High/Low$35.23 / $29.57
Number of Holdings (excluding cash)40
Top Holdings (as of 5/13/2022)*
Holding Percent
NRG Energy, Inc. 4.69%
UGI Corporation 4.56%
Evergy, Inc. 4.21%
Exelon Corporation 4.17%
National Fuel Gas Company 4.16%
OGE Energy Corp. 4.09%
Avangrid, Inc. 4.05%
Pinnacle West Capital Corporation 3.99%
Consolidated Edison, Inc. 3.43%
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 5/17/2022)4$0.1267
30-Day SEC Yield (as of 4/29/2022)52.34%
Unsubsidized 30-Day SEC Yield (as of 4/29/2022)62.34%
12-Month Distribution Rate (as of 4/29/2022)72.16%
Index Yield (as of 4/29/2022)82.98%
Fund Characteristics (as of 4/29/2022)10
Maximum Market Cap.$84,812
Median Market Cap.$20,379
Minimum Market Cap.$4,188
Price/Cash Flow8.19
Bid/Ask Premium/Discount (as of 5/13/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 130 40 28 ---
Days Traded at Discount 122 22 2 ---
Top Industry Exposure (as of 5/13/2022)
Electricity 66.77%
Gas, Water and Multi-utilities 26.94%
Waste and Disposal Services 6.29%
Hypothetical Growth of $10,000 Since Inception (as of 5/13/2022) *