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First Trust Health Care AlphaDEX® Fund (FXH)
  • 2021 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a 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 Health Care 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® Health Care Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The StrataQuant® Health Care 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® Health Care 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 health care sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Health Care Index.
    • If the total count of eligible stocks in the health care 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
TickerFXH
Fund TypeHealth Care
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734X143
ISINUS33734X1431
Intraday NAVFXHIV
Fiscal Year-End07/31
ExchangeNYSE Arca
Inception5/8/2007
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.61%
Net Expense Ratio*0.61%
* As of 12/1/2021
Expenses are capped contractually at 0.70% per year, at least until November 30, 2022.
Current Fund Data (as of 12/2/2021)
Closing NAV1$116.49
Closing Market Price2$116.44
Bid/Ask Midpoint$116.49
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$1,502,721,759
Outstanding Shares12,900,002
Daily Volume155,988
Average 30-Day Daily Volume38,936
Closing Market Price 52-Week High/Low$128.11 / $102.44
Closing NAV 52-Week High/Low$128.05 / $102.49
Number of Holdings (excluding cash)86
NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 11/30/2021)4
Maximum Market Cap.$418,389
Median Market Cap.$21,293
Minimum Market Cap.$2,292
Price/Earnings16.80
Price/Book3.86
Price/Cash Flow13.45
Price/Sales2.49
Top Holdings (as of 12/2/2021)*
Holding Percent
Quest Diagnostics Incorporated 2.16%
Molina Healthcare, Inc. 2.15%
Quidel Corporation 2.11%
Laboratory Corporation of America Holdings 2.10%
Bio-Rad Laboratories, Inc. (Class A) 2.04%
Hologic, Inc. 2.03%
Cigna Corporation 2.01%
Catalent, Inc. 1.95%
HCA Healthcare, Inc. 1.94%
Avantor, Inc. 1.93%

* Excluding cash.  Holdings are subject to change.

Bid/Ask Premium/Discount (as of 12/2/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 115 12 37 42
Days Traded at Discount 138 49 26 22
Top Industry Exposure (as of 12/2/2021)
Medical Equipment and Services 49.17%
Pharmaceuticals and Biotechnology 31.97%
Health Care Providers 18.86%
Hypothetical Growth of $10,000 Since Inception (as of 12/2/2021) *