FXH Fund Description

The First Trust Health Care AlphaDEX ETF tracks an index of U.S. healthcare companies selected and weighted based on various growth and value criteria.

FXH ETF.com Insight

FXH tracks a quant-driven index that attempts to achieve excess returns by selecting and weighting health care stocks based on growth and value factors. FXH charges more for its betterFXH tracks a quant-driven index that attempts to achieve excess returns mousetrap—it's the most expensive fund in the segment, with an annual cost of 0.70%. The current portfolio is less exposed to the big pharmaceutical names that carry heavy weightings in other health care funds. Instead, FXH focuses more on equipment suppliers and providers. The fund also has a heavy mid-cap tilt. (Insight updated 09/25/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/17/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
FXH -4.50% 2.54% 12.61% 21.80% 27.94% 22.10% --
FXH (NAV) -4.50% 2.50% 12.52% 21.79% 28.05% 22.25% --
StrataQuant Health Care Index -4.42% 2.70% 13.10% 22.59% 28.93% 23.15% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FXH Top 10 Countries

FXH Top 10 Sectors

FXH Top 10 Holdings View All

FXH Summary Data

First Trust

A company that produces and manages ETFs.

05/08/07

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.70%

The net total annual fee a fund holder pays to the issuer.

$2.41 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$18.0 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.05%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

FXH Portfolio Data

$29.92 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

32.38

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

3.81

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

0.00%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/23/14

The date on which a security's price excludes an upcoming dividend.

75

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

FXH Index Data

StrataQuant Health Care Index

This is the benchmark an ETF is desigend to track or replicate.

Tiered

A set of rules that the underlying index provider follows to weight its constituent securities.

Multi-Factor

A set of rules that the underlying index provider follows to select its constituent securities.

Thomson Reuters US Healthcare

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to FXH

XLV, VHT, IYH, PTH, RYH

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

FXH ETF.com Efficiency Insight

FXH's rigorous alpha-seeking methodology comes with a steep price—its annual expense is 0.70%. This high cost factors into the fund trailing its index by a median 100 bps over a rolling 12-month period. The fund hasn't paid out any capital gains distributions over the past three years, but its high turnover is something to note—high turnover can increase a fund's chances of distributing future capital gains. (Insight updated 09/25/2014)

Total Return - 10/17/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/17/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
FXH -4.50% 2.54% 12.61% 21.80% 27.94% 22.10% --
FXH (NAV) -4.50% 2.50% 12.52% 21.79% 28.05% 22.25% --
StrataQuant Health Care Index -4.42% 2.70% 13.10% 22.59% 28.93% 23.15% --
Thomson Reuters US Healthcare -4.77% 1.97% 11.68% 17.69% 27.24% 18.47% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FXH Portfolio Management

0.70%

The net annual fee a fund holder pays to the issuer.

-0.91%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.77%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-1.16%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

FXH Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

FXH Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

FXH ETF.com Tradability Insight

FXH shines in Tradability. It trades over $10M in median daily volume at tight spreads. FXH also receives our highest score for block liquidity, which indicates that investors can trade in bulk with relative ease. In short, the fund can be traded with relative ease and minimal costs for investors both large and small. (Insight updated 09/25/2014)



Average Spread
Premium/Discount
Volume

FXH ETF.com/ Block LiquidityAs of 10/20/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of FXH. FXH is rated a 5 out of 5.

FXH Tradability

325,483

It is the daily number of shares traded, averaged over the past 45 trading days.

$18.0 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

221,060

Median number of shares traded over the past 45 trading days.

$12.39 M

Median dollar value of shares traded over the past 45 trading days.

0.05%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.03

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.04%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.16% / -0.16%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

4.42

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.02%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.06%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

84

The total number of net outstanding options contracts for an ETF.

$54.1

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

FXH ETF.com Fit Insight

FXH's low Fit score doesn't necessarily mean it's a terrible fund. FXH's methodology makes its composition very different from our cap-weighted neutral approach. There is little overlap in the top 10 holdings and roughly half of FXH is weighted in mid- and small-caps. Overall, despite its poor Fit, FXH can make for a good mid-cap, quant-active play on the sector for investors wanting to shy away from Big Pharma. (Insight updated 09/25/2014)

FXH Geographic Exposure

FXH Segment Benchmark
99.45% 96.76%

0.55% 3.24%

FXH Segment Benchmark
99.45% 96.76%

0.55% 3.24%

100.00% / 0% 100.00% / 0%

FXH Performance Statistics

0.90

The degree to which the fund and its segment benchmark move up and down in unison.

1.01

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

0.98

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.09

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.29%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Thomson Reuters US Healthcare

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

FXH Benchmark Comparison

FXH
75 Holdings
Segment Benchmark
164 Constituents
Shared Holdings
63 (Count)
 
33.85% (Weight)
FXHSegment Benchmark
$105.55 B$29.92 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

85%45%
12%54%
3%1%
0%0%
28.4132.38

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

4.143.81

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.50%0.47%

The weighted average of the current yield on the portfolio’s holdings.

16475

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

HighLow

The level of return contribution attributable to the average portfolio constituent.