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First Trust Brazil AlphaDEX® Fund (FBZ)
Investment Objective/Strategy - The First Trust Brazil 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® Brazil Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • 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 Brazil Index that meet certain criteria.
  • Nasdaq constructs the Index by ranking the eligible stocks from the NASDAQ Brazil Index 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 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 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 sector constraints. This process continues until all the sector weightings meet the constraint.
  • The Index is reconstituted and rebalanced semi-annually.
Fund Overview
TickerFBZ
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33737J133
ISINUS33737J1337
Intraday NAVFBZIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception4/18/2011
Inception Price$29.69
Inception NAV$29.69
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Current Fund Data (as of 5/20/2022)
Closing NAV1$12.62
Closing Market Price2$12.53
Bid/Ask Midpoint$12.60
Bid/Ask Discount0.16%
30-Day Median Bid/Ask Spread30.60%
Total Net Assets$8,834,896
Outstanding Shares700,002
Daily Volume122
Average 30-Day Daily Volume4,216
Closing Market Price 52-Week High/Low$15.23 / $10.64
Closing NAV 52-Week High/Low$15.28 / $10.60
Number of Holdings (excluding cash)50
Top Holdings (as of 5/20/2022)*
Holding Percent
Petroleo Brasileiro S.A. (Petrobras) (Preference Shares) 4.17%
Companhia Paranaense de Energia-Copel (Preference B) 3.95%
EDP - Energias do Brasil SA 3.54%
Cia. de Transmissao de Enegia Eletrica Paulista (Preference) 3.49%
Gerdau S.A. (Preferred Shares) 3.49%
Neoenergia SA 3.14%
JBS SA 3.10%
Transmissora Alianca de Energia Electrica S.A. (Unit) 3.06%
Itausa SA (Preference Shares) 2.86%
Vale S.A. 2.84%

* 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 5/23/2022)4$0.1726
30-Day SEC Yield (as of 4/29/2022)54.15%
12-Month Distribution Rate (as of 4/29/2022)67.05%
Index Yield (as of 4/29/2022)78.19%
Fund Characteristics (as of 4/29/2022)9
Maximum Market Cap.$84,693
Median Market Cap.$5,133
Minimum Market Cap.$1,965
Price/Earnings5.23
Price/Book1.45
Price/Cash Flow3.99
Price/Sales0.68
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 80 27 0 ---
Days Traded at Discount 172 35 35 ---
Top Sector Exposure (as of 5/20/2022)
Utilities 25.66%
Materials 25.30%
Consumer Staples 14.25%
Financials 13.84%
Energy 9.86%
Industrials 5.05%
Consumer Discretionary 2.94%
Communication Services 2.16%
Health Care 0.94%
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *