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First Trust China AlphaDEX Fund

FCA·NASDAQ
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Key Stats

Assets Under Management
111.30MUSD
Fund Flow (1Y)
51.10MUSD
Dividend Yield
2.23%
Discount / Premium to NAV
-0.34%
Shares Outstanding
3.40M
Expense Ratio
0.80%

About First Trust China AlphaDEX Fund

Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Apr 18, 2011
Structure
Open-Ended Fund
Index Tracked
Nasdaq AlphaDEX China Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FCA offers broad China exposure with a twist—it implements its AlphaDex methodology to select a concentrated portfolio of 50 stocks from the S&P China BMI universe based on a number of growth and value factors, subject to weighting constraints set at 15% above the sector percentages of the base index. The fund's tiered equal-weighting structure contributes to its significant mid and small-cap exposure. The fund is also rebalanced and reconstituted semi-annually. Overall, FCA is a breath of fresh air for those wanting to shy away from the 'big 4' Chinese state-owned banks that carry such a heavy hand in most China ETFs.

Classification

Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Multi-factor
Geography
Pacific ex-Japan
Weighting Scheme
Tiered
Selection Criteria
Multi-factor

Analysis

Sector

Industrials

24.33%

Basic Materials

20.48%

Financial Services

19.67%

Energy

13.22%

Technology

11.25%

Healthcare

3.23%

Communication Services

2.80%

Utilities

2.34%

Real Estate

1.09%

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Asset

Holdings

Symbol

Ratio

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Yangtze Optical Fibre and Cable Joint Stock Limited Company (Class H)

11.10%
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Dongfang Electric Corporation Limited (Class H)

4.65%
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PetroChina Company Limited (Class H)

3.77%
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JD Logistics, Inc.

3.75%
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China Hongqiao Group Ltd.

3.56%

Symbol

Ratio

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Cosco Shipping Holdings Company, Ltd. (Class H)

3.29%
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China Coal Energy Company Limited (Class H)

3.13%
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Aluminum Corporation of China Limited (Class H)

3.11%
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Qingdao Port International Co., Ltd. (Class H)

3.03%
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China Tower Corporation Limited (Class H)

2.79%

Top 10 Weight 42.18%

53 Total Holding

See all holdings

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Volume Profile

Trade Flow Insight

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