What is FXL?

FXL tracks a tiered, equal-weighted index of large- and mid-cap US technology firms. Holdings are selected and weighted based on growth and value metrics.

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FXL -1.59% 12.55% 9.42% -15.10% 19.68% 13.42% 15.86%
FXL (NAV) -1.49% 12.64% 9.36% -15.11% 19.62% 13.46% 15.87%
StrataQuant Technology Index -1.45% 12.80% 9.50% -14.64% 20.40% 14.13% 16.57%
MSCI USA IMI Information Technology -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 mid-cap 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 Summary Data

First Trust
05/08/07
0.61%
$1.02B
MSCI USA IMI Information Technology
Open-Ended Fund

Peers

MSCI USA IMI Information Technology

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
-$0.06B 90 Days

FXL Portfolio Data

$57.04B
24.46
3.23
0.27%
N/A
101

FXL Index Data

Tiered
Multi-Factor
MSCI USA IMI Information Technology

FXL Portfolio Management

0.61%
-0.48%
-0.35%
-0.71%

FXL Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FXL Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/29/23

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

36,084
$3.70M
27,448
$2.81M
0.12%
$0.12
-0.03%
0.08% / -0.17%
None
100.00%
50,000
0.55
0.01%
0.08%
11
$100.13
5

FXL Sector/Industry Breakdown

FXL Segment
Benchmark
47.87% --
44.97% --
4.50% --
1.48% --
1.08% --
0.11% --

FXL Performance Statistics

--
--
--
--
--
MSCI USA IMI Information Technology

FXL Countries

FXL Segment
Benchmark
99.85% --

FXL Regions

FXL Segment
Benchmark
99.85% --

FXL Economic Development

FXL Segment
Benchmark
99.85% --
0.00% --

FXL Benchmark Comparison Holdings

101
--
--
--

FXL Benchmark Comparison Summary

FXL Segment
Benchmark
101 --
$57.04B --
24.46 --
3.23 --
0.78% --
Low --

FXL Benchmark Comparison Market Cap Size

FXL Segment
Benchmark
49.30% --
49.63% --
0.00% --
0.00% --