Summary
FXD Chart
Should You Invest in the First Trust Consumer Discretionary AlphaDEX ETF (FXD)?
Launched on May 8, 2007, the First Trust Consumer Discretionary AlphaDEX ETF (FXD) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
Is First Trust Consumer Discretionary AlphaDEX ETF (FXD) a Strong ETF Right Now?
Designed to provide broad exposure to the Consumer Discretionary ETFs category of the market, the First Trust Consumer Discretionary AlphaDEX ETF (FXD) is a smart beta exchange traded fund launched on 05/08/2007.
Should You Invest in the First Trust Consumer Discretionary AlphaDEX ETF (FXD)?
Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the First Trust Consumer Discretionary AlphaDEX ETF (FXD) is a passively managed exchange traded fund launched on May 8, 2007.
First Trust Consumer Discretionary AlphaDEX Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 35 | $1,566 | $2,443.35 | $877.35 | 56.02% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,886 | $121,317.52 | $131,105.29 | $9,787.77 | 8.07% |
| RS Richard Slavik Newbridge Financial Services Group Inc. | 315 | $16,357.95 | $21,911.4 | $5,553.45 | 33.95% |
 Christian Keedy Guardian Wealth Advisors LLC / Nc | 283 | $18,117.66 | $19,592.09 | $1,474.43 | 8.14% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1,319 | $63,536.23 | $91,274.8 | $27,738.57 | 43.66% |
First Trust Consumer Discretionary AlphaDEX Fund (FXD) FAQ
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First Trust Consumer Discretionary AlphaDEX Fund Profile
| ARCA Exchange | US Country |
Overview
The fund described invests primarily in securities from the Russell 1000® Index, specifically targeting the consumer discretionary sector. It aims to maintain at least 90% of its net assets in investments that are part of this index. This investment strategy utilizes a modified equal-dollar weighted index, employing the AlphaDEX® selection methodology to potentially generate positive alpha against traditional passive indices. By focusing on this specific sector and using a distinct selection methodology, the fund seeks to offer investors a targeted approach to equity investment in large-cap U.S. companies within the consumer discretionary space.
Products and Services
- Russell 1000® Index Securities Investment
The fund invests primarily in securities that are part of the Russell 1000® Index, concentrating on the consumer discretionary sector. This includes a broad array of companies within the United States that produce goods and services considered non-essential by consumers but could be desired if their available income is sufficient to purchase them. The focus on this sector is based on the premise that it offers potential growth and value, especially in times of economic recovery and expansion.
- Modified Equal-Dollar Weighted Index Strategy
Utilizing a modified equal-dollar weighted approach, the fund's investment strategy aims to distribute investments more evenly across the selected securities rather than concentrating on larger companies, as seen in capitalization-weighted indices. This method could potentially reduce the risk associated with heavy concentration in a few large-cap stocks and offer a more balanced exposure to the consumer discretionary sector.
- AlphaDEX® Selection Methodology
The use of the AlphaDEX® selection methodology underlines the fund's objective to outperform traditional passive indices. By applying a set of quantitative metrics to evaluate stocks within the Russell 1000® Index's consumer discretionary sector, the AlphaDEX® approach seeks to identify stocks that have the potential to produce alpha, or excess returns, compared to the market average. This methodology aims to enhance the fund's performance by selecting stocks that show promise based on financial health, growth potential, and other factors deemed relevant for outperformance.
