FXLFirst Trust Technology AlphaDEX Fund
FXL Fund Description
FXL tracks a tiered, equal-weighted index of large- and midcap US technology firms. Holdings are selected and weighted based on growth and value metrics.
FXL Factset Analytics Insight
FXL attempts to outperform the broad US technology market by selecting securities based on growth and value factors, and skewing away from neutral coverage. The fund’s tiered equal-weighting scheme leads to a midcap bias and significant sector tilts. That is, FXL overweights semiconductor companies at the expense of larger software and IT services firms. Overall, the fund offers a “smart beta” approach to the US technology space, instead of giving market-like sector exposure. The index is reconstituted and rebalanced quarterly.
FXL MSCI ESG Analytics Insight
First Trust Technology AlphaDEX Fund has an MSCI ESG Fund Rating of A based on a score of 6.57 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 57th percentile within its peer group and in the 64th 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 Summary Data
FXL Portfolio Data
FXL Index 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 Sector/Industry Breakdown
FXL Economic Development
FXL Performance Statistics
FXL MSCI ESG Ratings
FXL Benchmark Comparison Summary
FXL Benchmark Comparison Market Cap Size