FXL
First Trust Technology AlphaDEX FundFXL Fund Description
FXL tracks a tiered equal-weighted index of U.S. technology firms.
FXL Factset Analytics Insight
FXL attempts to outperform the broad-based US technology market, selecting securities based on their growth and value factors and skewing away from neutral coverage. Its tiered equal-weighting scheme overweights semiconductor companies and underweights larger software and IT services firms. You see this in FXL's average market cap, which is much smaller than our benchmark's. Despite FXL's complex methodology, the fund does not reliably outperform the market and often lags it. A fairly liquid fund, FXL trades in decent volume at reasonable spreads. Larger investors should see even better liquidity. FXL is expensive to hold, however, charging a very high fee for its segment, though it does track its index well.
FXL MSCI ESG Analytics Insight
First Trust Technology AlphaDEX Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.93 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 Technology AlphaDEX Fund ranks in the 39th percentile within its peer group and in the 27th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FXL 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.
FXL CHARTS AND PERFORMANCE
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FXL Portfolio Data
FXL Portfolio Management
FXL Tax Exposures
FXL Fund Structure
FXL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FXL. FXL is rated a 5 out of 5.
FXL Tradability
FXL Sector/Industry Breakdown
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FXL TOP 10 HOLDINGS[View All]
FXL Countries
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FXL Regions
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FXL Economic Development
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FXL Performance Statistics
FXL MSCI ESG Ratings
FXL BENCHMARK COMPARISON SUMMARY
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FXL BENCHMARK COMPARISON MARKET CAP SIZE
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