Key stats
About FIRST TRUST EXCH TRADED FUND 2 SHS FIRST TRUST TECHNOLOGY 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
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 funds 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.
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
Technology Services
Electronic Technology
Stocks99.86%
Technology Services61.46%
Electronic Technology25.88%
Distribution Services5.04%
Transportation2.85%
Producer Manufacturing2.72%
Commercial Services1.91%
Bonds, Cash & Other0.14%
Mutual fund0.14%
Stock breakdown by region
North America98.66%
Europe1.34%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history