FXL
First Trust Technology AlphaDEX Fund
📎 Investment Objective
The First Trust Technology AlphaDEX Fund (FXL) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the StrataQuant Technology Index.
Overview
ETF tracking First Trust Technology AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Technology AlphaDEX Fund (FXL) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the StrataQuant Technology Index.
🎯 Investment Strategy
The fund uses an 'AlphaDEX' stock selection methodology to identify technology companies that it believes will outperform the broader technology sector. It tracks the StrataQuant Technology Index, which is designed to provide exposure to technology stocks that meet certain growth and value investment criteria.
✨ Key Features
- Focuses on technology sector stocks selected using a proprietary 'AlphaDEX' methodology
- Tracks the StrataQuant Technology Index, which is designed to outperform the broader technology sector
- Diversified portfolio of technology companies across various sub-sectors
- Relatively low expense ratio compared to many actively managed technology funds
⚠️ Primary Risks
- Concentration risk as the fund is focused solely on the technology sector
- Potential for higher volatility compared to the broader market due to technology sector exposure
- Reliance on the effectiveness of the 'AlphaDEX' stock selection methodology
- Tracking error risk as the fund may not perfectly replicate the performance of its underlying index
👤 Best For
The First Trust Technology AlphaDEX Fund may be suitable for investors seeking exposure to the technology sector with the potential for outperformance, and who have a higher risk tolerance and longer-term investment horizon.