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 materials and processing 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 Materials AlphaDEX® Fund (FXZ) expense ratio?
The First Trust Materials AlphaDEX® Fund funds expense ratio is 0.62%.
What is First Trust Materials AlphaDEX® Fund (FXZ) current stock price?
As of the latest data, First Trust Materials AlphaDEX® Fund stock price is $83.74, with a previous close of $83.65. First Trust Materials AlphaDEX® Fund gained $0.09 in the last trading session, representing a 0.11% increase.
Does First Trust Materials AlphaDEX® Fund (FXZ) pay dividends?
Yes. First Trust Materials AlphaDEX® Fund pays quarterly dividends with an annualized yield of 1.3% and an estimated annual payout of $1.09 per share.
