|
|
 |
|
Investment Objective/Strategy - The First Trust Consumer Discretionary 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® Consumer Discretionary Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The StrataQuant® Consumer Discretionary 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® Consumer Discretionary 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 consumer discretionary sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Consumer Discretionary Index.
- If the total count of eligible stocks in the consumer discretionary 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.
| Ticker | FXD |
| Fund Type | Consumer Discretionary |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | Bank of New York Mellon Corp |
| CUSIP | 33734X101 |
| ISIN | US33734X1019 |
| Intraday NAV | FXDIV |
| Fiscal Year-End | 07/31 |
| Exchange | NYSE Arca |
| Inception | 5/8/2007 |
| Inception Price | $20.00 |
| Inception NAV | $20.00 |
| Rebalance Frequency | Quarterly |
| Gross Expense Ratio* | 0.61% |
| Net Expense Ratio* | 0.61% |
* As of 12/1/2022
Expenses are capped contractually at 0.70% per year, at least through November 30, 2023.
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
| Closing NAV1 | $50.14 |
| Closing Market Price2 | $50.15 |
| Bid/Ask Midpoint | $50.13 |
| Bid/Ask Discount | 0.02% |
| 30-Day Median Bid/Ask Spread3 | 0.06% |
| Total Net Assets | $1,223,304,937 |
| Outstanding Shares | 24,400,002 |
| Daily Volume | 94,522 |
| Average 30-Day Daily Volume | 125,646 |
| Closing Market Price 52-Week High/Low | $56.93 / $43.02 |
| Closing NAV 52-Week High/Low | $56.88 / $43.00 |
| Number of Holdings (excluding cash) | 121 |
| Holding |
Percent |
| DraftKings Inc. |
1.73% |
| Copa Holdings, S.A. |
1.68% |
| Toll Brothers, Inc. |
1.63% |
| PulteGroup, Inc. |
1.62% |
| D.R. Horton, Inc. |
1.57% |
| Skechers U.S.A., Inc. |
1.54% |
| Lithia Motors, Inc. |
1.52% |
| Deckers Outdoor Corporation |
1.49% |
| Delta Air Lines, Inc. |
1.48% |
| AutoNation, Inc. |
1.47% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
| Maximum Market Cap. | $304,348 |
| Median Market Cap. | $10,226 |
| Minimum Market Cap. | $2,021 |
| Price/Earnings | 11.43 |
| Price/Book | 2.43 |
| Price/Cash Flow | 8.20 |
| Price/Sales | 0.80 |
| | |