First Trust Technology AlphaDEX Fund

Frequently Asked Questions About FXL

What does FXL invest in?

The First Trust Technology AlphaDEX Fund functions as an exchange-traded fund (ETF) whose core mission is to replicate the overall financial performance, encompassing both price appreciation and income generation, of the StrataQuant Technology Index. This objective aims to mirror the index's results prior to the deduction of any associated expenses or fees.

What is the expense ratio of FXL?

First Trust Technology AlphaDEX Fund (FXL) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FXL?

First Trust Technology AlphaDEX Fund (FXL) manages $2.54B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FXL actively managed or an index fund?

FXL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FXL launched?

First Trust Technology AlphaDEX Fund (FXL) launched in May 2007 and is managed by First Trust.

How has FXL performed?

FXL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.