The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000® Index in the utilities sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.
Frequently asked questions
What is the First Trust Utilities AlphaDEX Fund (FXU) expense ratio?
The First Trust Utilities AlphaDEX Fund funds expense ratio is 0.64%.
What is First Trust Utilities AlphaDEX Fund (FXU) current stock price?
As of the latest data, First Trust Utilities AlphaDEX Fund stock price is $45.87, with a previous close of $45.60. First Trust Utilities AlphaDEX Fund gained $0.27 in the last trading session, representing a 0.59% increase.
Does First Trust Utilities AlphaDEX Fund (FXU) pay dividends?
Yes. First Trust Utilities AlphaDEX Fund pays quarterly dividends with an annualized yield of 2.32% and an estimated annual payout of $1.06 per share.
