Key stats
About First Trust Technology AlphaDEX
Expense ratio
0.62%
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Inception date
May 8, 2007
ISIN
US33734X1761
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
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region