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First Trust Latin America AlphaDEX® Fund (FLN)
  • 2024 Estimated Capital Gain Distributions
    Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust Latin America 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 the Fund's fees and expenses, of an equity index called the Nasdaq AlphaDEX® Latin America™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the Nasdaq Latin America™ Index that meet certain criteria.
  • To construct the Index, Nasdaq ranks the eligible stocks on growth factors including 3-, 6- 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. A stock must have data for all growth and/or value factors to receive a rank for that style.
  • Each stock receives the best style rank from the previous step as its selection score.
  • The top 50 stocks based on the selection score determined in the previous step comprise the "selected stocks". 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.
  • Each stock is then tested in order of its selection score rank to check if the weight assigned to that stock is outside the country/sector weighting constraints, which are set at 15% above the benchmark weight.
    • If the weight assigned to the stock, when added with the weight assigned to all higher ranking stocks in its country/sector, is greater than the constraint, then the stock's weight is lowered to the highest rank in the next quintile. Stocks previously lower in rank then move up one rank. Such stocks in the lowest quintile that violate a constraint are removed from the portfolio and replaced by the highest scoring stock not originally selected, subject to country/sector constraints. This process continues until all the country/sector weightings meet the constraint.
  • The Index is reconstituted and rebalanced semi-annually.
Fund Overview
TickerFLN
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33737J125
ISINUS33737J1253
Intraday NAVFLNIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception4/18/2011
Inception Price$29.70
Inception NAV$29.70
Rebalance FrequencySemi-Annual
Total Expense Ratio*0.80%
* As of 5/1/2024
Current Fund Data (as of 12/9/2024)
Closing NAV1$16.51
Closing Market Price2$16.36
Bid/Ask Midpoint$16.38
Bid/Ask Discount0.82%
30-Day Median Bid/Ask Spread (as of 12/6/2024)30.84%
Total Net Assets$14,037,114
Outstanding Shares850,002
Daily Volume10,126
Average 30-Day Daily Volume9,105
Closing Market Price 52-Week High/Low$20.97 / $16.13
Closing NAV 52-Week High/Low$20.98 / $16.17
Number of Holdings (excluding cash)50
Top Holdings (as of 12/9/2024)*
Holding Percent
Embraer SA 3.80%
Petroleo Brasileiro S.A. (Petrobras) (Preference Shares) 3.60%
Industrias Penoles, S.A.B. de C.V. 3.59%
Gerdau S.A. (Preferred Shares) 3.58%
Falabella SA 3.48%
Coca-Cola FEMSA, S.A.B. de C.V. 3.34%
Prologis Property Mexico S.A. de C.V. 3.33%
JBS SA 3.27%
Grupo Comercial Chedraui, S.A.B. de C.V. 3.23%
Vale S.A. 3.05%

* 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 12/10/2024)4$0.3823
30-Day SEC Yield (as of 11/29/2024)52.47%
12-Month Distribution Rate (as of 11/29/2024)66.77%
Index Yield (as of 11/29/2024)74.89%
Fund Characteristics (as of 11/29/2024)8
Maximum Market Cap.$88,303
Median Market Cap.$8,257
Minimum Market Cap.$3,168
Price/Earnings8.80
Price/Book1.31
Price/Cash Flow5.79
Price/Sales0.70
Top Country Exposure (as of 12/9/2024)
Country Percent
Brazil 55.18%
Mexico 30.84%
Chile 9.42%
Peru 2.30%
Colombia 2.26%
Bid/Ask Premium/Discount (as of 12/9/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 140 18 26 24
Days Traded at Discount 110 43 37 40
Top Sector Exposure (as of 12/9/2024)
Consumer Staples 17.80%
Financials 17.59%
Materials 13.76%
Consumer Discretionary 11.90%
Industrials 10.32%
Utilities 8.28%
Energy 7.42%
Real Estate 6.05%
Communication Services 4.02%
Health Care 2.86%
Hypothetical Growth of $10,000 Since Inception (as of 12/6/2024) *