Symbols

FDT

First Trust Developed Markets ex-US AlphaDEX Fund·NASDAQ

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Key Stats

Assets Under Management

970.59MUSD

Fund Flows (1Y)

271.52MUSD

Dividend Yield

2.89%

Discount/Premium to NAV

0.48%

Shares Outstanding

10.84M

Expense Ratio

0.80%

About First Trust Developed Markets ex-US AlphaDEX Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/ETF/ETFsummary.aspx?Ticker=FDT

Inception Date

Apr 18, 2011

Structure

Open-Ended Fund

Index Tracked

NASDAQ AlphaDEX Developed Markets Ex-US 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

FDT employs a rather involved strategy in an attempt to deliver market-beating performance. It focuses on the ex-US space and scores each security twice, by both growth and value characteristics, assigning whatever score is highest as the stock's style score. It then takes the top 300 stocks and breaks them into quintiles, giving higher-scoring quintiles greater weight in the index. The fund does set constraints on geographic weighting. FDT is reconstituted and rebalanced semi-annually. On November 1, 2020, First Trust consolidated four single country funds into FDT: First Trust Australia AlphaDex Fund (FAUS), First Trust Canada AlphaDex Fund (FCAN), First Trust Hong Kong AlphaDex Fund (FHK) and First Trust South Korea AlphaDex Fund (FKO).