A smart beta exchange traded fund, the First Trust Financials AlphaDEX ETF (FXO) debuted on 05/08/2007, and offers broad exposure to the Financials ETFs category of the market.
Launched on May 8, 2007, the First Trust Financials AlphaDEX ETF (FXO) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Broad segment of the equity market.
A smart beta exchange traded fund, the First Trust Financials AlphaDEX ETF (FXO) debuted on 05/08/2007, and offers broad exposure to the Financials ETFs category of the market.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 4,711 | $203,939.46 | $304,000.83 | $100,061.37 | 49.06% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 100 | $5,300 | $6,453 | $1,153 | 21.75% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 31,902 | $1.7M | $2.06M | $355,200.66 | 20.86% |
| RR rosemary richard WCG Wealth Advisors LLC | 303,823 | $17.67M | $19.59M | $1.92M | 10.89% |
| YA Yinka Akinsola Blue Trust Inc. | 6,890 | $259,753 | $444,680.6 | $184,927.6 | 71.19% |
| ARCA Exchange | US Country |
The company operates within the financial services investment sector, focusing on creating investment opportunities that aim to produce positive alpha over traditional passive investment approaches. By committing at least 90% of its net assets, including borrowed investments, to securities within the Russell 1000® Index's financial services sector, it targets a specific market niche. Leveraging the AlphaDEX® selection methodology, the company strives to curate a modified equal-dollar weighted index that identifies and selects stocks with the potential for higher returns.
These investments are selected to offer exposure to the financial services sector of the Russell 1000® Index. By focusing on this sector, the fund aims to capitalize on the performance of financial companies within a broad and diverse market segment.
This methodology underpins the company’s strategy to outperform traditional passive investment indices. It involves an objective process of selecting stocks that have the potential to generate positive alpha, or excess returns over a benchmark, through a modified equal-dollar weighting system, which aims to balance the portfolio across various assets to achieve higher performance.