FXN
First Trust Energy AlphaDEX FundFXN Fund Description
FXN tracks an index of US energy companies using a tiered weighting and proprietary selection process.
FXN Factset Analytics Insight
FXN doesn't aim to represent the US energy space; it tries to pick winners by employing a quant-based model and tiered weighting scheme. The resulting portfolio is heavily tilted toward midcaps with heavy industry tilts away from large integrated oil & gas companies—the meat and potatoes of the space—and overweights smaller-cap industries such as drilling & exploration. FXN ignores mega-cap oil & gas companies in favor of smaller drilling companies, and the resulting beta is relatively risky but understandable in light of its strategy. It's uncertain that this strategy can reliably deliver the better-than-marketlike performance it seeks. FXN trades heavily on most days, with airtight spreads. Underlying liquidity is excellent for institutional investors. While FXN charges a reasonable fee and tends to lag its index by less than its fee, tracking is less consistent than we'd like to see.
FXN MSCI ESG Analytics Insight
First Trust Energy AlphaDEX Fund has an MSCI ESG Fund Rating of BB based on a score of 3.42 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 Energy AlphaDEX Fund ranks in the 12nd percentile within its peer group and in the 15th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FXN 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.
FXN CHARTS AND PERFORMANCE
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FXN Portfolio Data
FXN Index Data
FXN Portfolio Management
FXN Tax Exposures
FXN Fund Structure
FXN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FXN. FXN is rated a 5 out of 5.
FXN Tradability
FXN Sector/Industry Breakdown
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FXN TOP 10 HOLDINGS[View All]
FXN Countries
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FXN Regions
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FXN Economic Development
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FXN Performance Statistics
FXN MSCI ESG Ratings
FXN BENCHMARK COMPARISON SUMMARY
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FXN BENCHMARK COMPARISON MARKET CAP SIZE
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