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First Trust Energy AlphaDEX® Fund (FXN)
Investment Objective/Strategy - The First Trust Energy 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® Energy Index
There can be no assurance that the Fund's investment objectives will be achieved.
  • The StrataQuant® Energy 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® Energy 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 energy sector according to their score. The greater of the top 75% of the eligible universe or 40 stocks is selected for the StrataQuant® Energy Index.
    • If the total count of eligible stocks in the energy 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 TypeEnergy
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.
Current Fund Data (as of 1/28/2022)
Closing NAV1$13.31
Closing Market Price2$13.31
Bid/Ask Midpoint$13.31
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread (as of 1/27/2022)30.08%
Total Net Assets$531,781,331
Outstanding Shares39,950,002
Daily Volume1,632,157
Average 30-Day Daily Volume939,145
Closing Market Price 52-Week High/Low$13.48 / $8.33
Closing NAV 52-Week High/Low$13.49 / $8.34
Number of Holdings (excluding cash)36
Top Holdings (as of 1/27/2022)*
Holding Percent
ConocoPhillips 5.31%
EOG Resources, Inc. 5.28%
Diamondback Energy, Inc. 5.09%
Pioneer Natural Resources Company 5.02%
Chevron Corporation 4.67%
Continental Resources, Inc. 4.51%
HollyFrontier Corporation 4.33%
Marathon Oil Corporation 4.13%
Coterra Energy Inc. 3.78%
Kinder Morgan, Inc. 3.77%

* 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 1/29/2022)4$0.0628
30-Day SEC Yield (as of 12/31/2021)52.21%
Unsubsidized 30-Day SEC Yield (as of 12/31/2021)62.21%
12-Month Distribution Rate (as of 12/31/2021)70.87%
Index Yield (as of 12/31/2021)82.87%
Fund Characteristics (as of 12/31/2021)10
Maximum Market Cap.$259,052
Median Market Cap.$20,701
Minimum Market Cap.$2,532
Price/Cash Flow8.28
Bid/Ask Premium/Discount (as of 1/28/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 133 13 --- ---
Days Traded at Discount 119 6 --- ---
Top Industry Exposure (as of 1/27/2022)
Oil, Gas and Coal 94.65%
Alternative Energy 5.35%
Hypothetical Growth of $10,000 Since Inception (as of 1/27/2022) *