FXL
First Trust Technology AlphaDEX Fund
First Trust Technology AlphaDEX Fund seeks investment results that correspond to the StrataQuant Technology AlphaDEX Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.4 B
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $1,389 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLOVIN CORP. CLASS A | 3.5 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.8 % |
| TOAST, INC. CLASS A | 2.3 % |
| HASHICORP, INC. (CLASS A) | 2.1 % |
| VERTIV HOLDINGS CO. CLASS A | 1.9 % |
| DOORDASH, INC. CLASS A | 1.9 % |
| PEGASYSTEMS INC | 1.9 % |
| GUIDEWIRE SOFTWARE INC | 1.7 % |
| HEWLETT PACKARD ENTERPRISE CO. | 1.6 % |
| GLOBALFOUNDRIES INC. | 1.6 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 134 |
| Wgt avg mkt cap (mns) | $142,905 |
| Large cap (>$10bn) | 72.8% |
| Mid cap ($2-10bn) | 25.5% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.3 % |
 |
LUXEMBOURG | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.0% | 32.5% | 23.4% | 2.0% | 16.3% | 16.0% | 12.0% | Volatility | 20.5% | 20.2% | 21.7% | 25.4% | 28.0% | 24.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 79% |
| MSCI EAFE | 0.91 | 54% |
| MSCI Emg Mkts | 0.78 | 38% |
Liquidity Measures
| Avg. volume (000) | 19 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $123,615 |
Technical Indicators
| Recent close | $146.18 |
| 30d moving avg. | $140.26 |
| Annualized volatility | 22.0% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 4.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXL |
Expenses vs. FXL |
ALTAR Score™ vs. FXL |
|---|---|---|---|---|
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 39.8% | -21 bp | +0.6% |
| IYW | iShares U.S. Technology ETF | 29.4% | -21 bp | -0.7% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 28.3% | -12 bp | -0.7% |
| DFNV | Donoghue Forlines Innovation ETF | 27.0% | +8 bp | -0.5% |
| IGM | iShares Expanded Tech Sector ETF | 26.5% | -20 bp | -0.7% |
| VGT | Vanguard Information Technology ETF | 25.4% | -51 bp | -0.7% |
| SPHB | Invesco S&P 500 High Beta ETF | 25.0% | -36 bp | -1.6% |
| XITK | SPDR FactSet Innovative Technology ETF | 24.2% | -16 bp | -2.9% |
| XSW | SPDR S&P Software & Services ETF | 23.8% | -26 bp | -3.6% |
| XT | iShares Exponential Technologies ETF | 23.7% | -15 bp | -0.4% |
Risk and Returns: FXL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FXL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FXL
5.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FXL's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places FXL in the 45th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FXLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FXL (61 bp) Percentile rank | 68 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXL | 61.0 | 12.5 | 73.5 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .