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First Trust Materials AlphaDEX® Fund (FXZ)
Investment Objective/Strategy - The First Trust Materials 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® Materials Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The StrataQuant® Materials 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® Materials 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 materials sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Materials Index.
    • If the total count of eligible stocks in the materials 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
TickerFXZ
Fund TypeMaterials
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734X168
ISINUS33734X1688
Intraday NAVFXZIV
Fiscal Year-End07/31
ExchangeNYSE Arca
Inception5/8/2007
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 through November 30, 2022.
Current Fund Data (as of 10/3/2022)
Closing NAV1$54.25
Closing Market Price2$54.26
Bid/Ask Midpoint$54.23
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread (as of 9/30/2022)30.05%
Total Net Assets$1,299,324,277
Outstanding Shares23,950,002
Daily Volume204,186
Average 30-Day Daily Volume172,373
Closing Market Price 52-Week High/Low$74.60 / $50.77
Closing NAV 52-Week High/Low$74.54 / $50.75
Number of Holdings (excluding cash)39
Top Holdings (as of 9/30/2022)*
Holding Percent
Steel Dynamics, Inc. 5.54%
Reliance Steel & Aluminum Co. 5.31%
Nucor Corporation 5.30%
United States Steel Corporation 5.23%
Westlake Corporation 4.58%
Cleveland-Cliffs Inc. 4.53%
Huntsman Corporation 4.47%
CF Industries Holdings, Inc. 4.06%
The Mosaic Company 3.70%
Olin Corporation 3.35%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2022)4

Among 106 funds in the Natural Resources category. This fund was rated 4 stars/106 funds (3 years), 3 stars/99 funds (5 years), 4 stars/87 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 10/4/2022)5$0.3452
30-Day SEC Yield (as of 8/31/2022)61.48%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)71.48%
12-Month Distribution Rate (as of 8/31/2022)81.26%
Index Yield (as of 8/31/2022)92.25%
Fund Characteristics (as of 9/30/2022)11
Maximum Market Cap.$133,886
Median Market Cap.$10,516
Minimum Market Cap.$2,369
Price/Earnings4.30
Price/Book1.54
Price/Cash Flow3.38
Price/Sales0.66
Bid/Ask Premium/Discount (as of 10/3/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 190 58 44 22
Days Traded at Discount 62 4 18 42
Top Industry Exposure (as of 9/30/2022)
Chemicals 51.59%
Industrial Metals and Mining 37.57%
Precious Metals and Mining 6.06%
Industrial Materials 4.78%
Hypothetical Growth of $10,000 Since Inception (as of 9/30/2022) *