FBZFirst Trust Brazil AlphaDEX Fund
FBZ Fund Description
FBZ tracks an index weighted in tiers and selected using growth and value factors.
FBZ Factset Analytics Insight
FBZ does not attempt to provide neutral exposure to Brazil, instead it tries to select firms best positioned to outperform the market. This gives it a significant small- and midcap tilt and a choice for those investors willing to assume the increased risks of its portfolio. Sector bets also drive a slightly increased beta. To construct its portfolio, the fund will select 50 stocks with the highest selection score based on growth and value factors. These are then split into quintiles, with higher scoring quintiles receiving greater weight in the index. Weighting constraints are also set at 15% above the sector/country percentages of the base index. The fund is rebalanced and reconstituted semi-annually.
FBZ MSCI ESG Analytics Insight
First Trust Brazil AlphaDEX Fund has an MSCI ESG Fund Rating of BB based on a score of 3.72 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Brazil AlphaDEX Fund ranks in the 8th percentile within its peer group and in the 31st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FBZ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FBZ Portfolio Data
FBZ Index Data
FBZ Portfolio Management
FBZ Tax Exposures
FBZ Fund Structure
FBZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FBZ. FBZ is rated a 4 out of 5.
FBZ Sector/Industry Breakdown
FBZ Top 10 Holdings[View All]
FBZ Economic Development
FBZ Performance Statistics
FBZ MSCI ESG Ratings
FBZ Benchmark Comparison Summary
FBZ Benchmark Comparison Market Cap Size