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 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.
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
Stocks99.90%
Technology Services61.28%
Electronic Technology25.99%
Distribution Services4.97%
Transportation2.82%
Producer Manufacturing2.82%
Commercial Services2.02%
Bonds, Cash & Other0.10%
Mutual fund0.10%
Stock breakdown by region
North America98.91%
Europe1.09%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FXL invests in stocks. The fund's major sectors are Technology Services, with 61.28% stocks, and Electronic Technology, with 25.99% of the basket. The assets are mostly located in the North America region.
FXL top holdings are Palantir Technologies Inc. Class A and Cloudflare Inc Class A, occupying 2.30% and 2.26% of the portfolio correspondingly.
FXL last dividends amounted to 0.67 MXN. The quarter before, the issuer paid 0.36 MXN in dividends, which shows a 45.93% increase.
Yes, FXL pays dividends to its holders with the dividend yield of 0.04%. The last dividend (Dec 31, 2024) amounted to 0.67 MXN. The dividends are paid quarterly.
FXL shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 8, 2007, and its management style is Passive.
FXL expense ratio is 0.62% meaning you'd have to pay 0.62% of your investment to help manage the fund.
FXL follows the StrataQuant Technology Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FXL invests in stocks.
See more dynamics on FXL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −15.54% decrease in three-month performance and has increased by 23.81% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −15.54% decrease in three-month performance and has increased by 23.81% in a year.
FXL trades at a premium (29.16%) meaning the ETF is trading at a higher price than the calculated NAV.