Symbols

FXL

First Trust Technology AlphaDEX Fund·NYSE

--(--)

Key Stats

Assets Under Management

1.40BUSD

Fund Flows (1Y)

-182.80MUSD

Dividend Yield

0.03%

Discount/Premium to NAV

0.05%

Shares Outstanding

8.30M

Expense Ratio

0.60%

About First Trust Technology AlphaDEX Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=Fxl

Inception Date

May 8, 2007

Structure

Open-Ended Fund

Index Tracked

StrataQuant Technology 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

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.