Key stats
About First Trust Materials AlphaDEX Fund
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Inception date
May 8, 2007
Structure
Open-Ended Fund
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
FXZ utilizes a quant-driven strategy to pick the 'best' basic materials firms in the US, using growth and value screeners. This minimalist approach, combined with a tiered equal-weighting scheme, leads to a concentrated portfolio that tilts away from large-caps and leans toward mid-caps. The result is major sector tilts, with elevated risk at times. Overall, FXZ offers a smart beta approach to the US basic materials space, instead of providing market-like sector exposure. The index is reconstituted and rebalanced quarterly
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Process Industries
Non-Energy Minerals
Stocks99.84%
Process Industries52.19%
Non-Energy Minerals33.50%
Producer Manufacturing5.44%
Consumer Non-Durables4.60%
Distribution Services2.15%
Electronic Technology1.95%
Bonds, Cash & Other0.16%
Mutual fund0.16%
Stock breakdown by region
North America95.81%
Europe4.19%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history