FXN First Trust Energy AlphaDEX Fund ETF
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FXN First Trust Energy AlphaDEX Fund ETF
Seeks to track, before fees and expenses, the StrataQuant Energy Index. The Index ranks the stocks which are members of the Russell 1000 Index on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors including book value to price, cash flow to price and return on assets. Stocks which Russell has classified solely as growth or value, receive their score using the above growth or value factors respectively. Stocks which Russell allocates between both growth and value receive their best score between the growth and value factors. The NYSE then ranks those stocks contained in the energy sector according to their score. The bottom 25% is eliminated and the top 75% is selected for the StrataQuant Energy Index. The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
$14.75 -0.22 (-1.47%)
As of 03/23/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Single sector
Category3: Energy
Morningstar category: Equity Energy
Leverage factor: 1.00
Inception date: 05/08/2007
Index tracking method: Passive replication
Current yield: 2.64%
Historical average yield: 1.17%
Market cap: $736,025,030
Average volume: 1,875,104
Fees: 0.6300%
Index Information
StrataQuant Energy Index
Index symbol: STRQEN
Provider: ICE (NYSE)
Total return index symbol: STRQENTR
Index weighting: Composite scores
Index inception date: 01/04/1996
Backtesting data exists: Yes
Strategy: Multi-factor investing
Factors used to select securities: