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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
TickerFXN
Fund TypeEnergy
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33734X127
ISINUS33734X1274
Intraday NAVFXNIV
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 12/1/2020
Expenses are capped contractually at 0.70% per year, at least until November 30, 2021.
Current Fund Data (as of 10/14/2021)
Closing NAV1$12.70
Closing Market Price2$12.71
Bid/Ask Midpoint$12.70
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$358,782,194
Outstanding Shares28,250,002
Daily Volume486,447
Average 30-Day Daily Volume441,952
Closing Market Price 52-Week High/Low$12.71 / $5.51
Closing NAV 52-Week High/Low$12.70 / $5.51
Number of Holdings (excluding cash)36
Top Holdings (as of 10/14/2021)*
Holding Percent
Diamondback Energy, Inc. 4.92%
Pioneer Natural Resources Company 4.92%
Continental Resources, Inc. 4.85%
First Solar, Inc. 4.76%
HollyFrontier Corporation 4.76%
Cheniere Energy, Inc. 4.65%
DT Midstream, Inc. 4.59%
Marathon Oil Corporation 4.04%
EOG Resources, Inc. 3.86%
Kinder Morgan, Inc. 3.76%

* 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 10/17/2021)4$0.0365
30-Day SEC Yield (as of 9/30/2021)51.93%
Unsubsidized 30-Day SEC Yield (as of 9/30/2021)61.93%
12-Month Distribution Rate (as of 9/30/2021)70.92%
Index Yield (as of 9/30/2021)82.49%
Fund Characteristics (as of 9/30/2021)10
Maximum Market Cap.$249,018
Median Market Cap.$19,721
Minimum Market Cap.$2,898
Price/Book2.07
Price/Cash Flow10.72
Price/Sales1.84
Bid/Ask Premium/Discount (as of 10/14/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 126 35 39 23
Days Traded at Discount 127 26 24 41
Top Industry Exposure (as of 10/14/2021)
Oil, Gas and Coal 90.79%
Alternative Energy 9.21%
Hypothetical Growth of $10,000 Since Inception (as of 10/14/2021) *