First Trust Financials AlphaDEX Fund

Frequently Asked Questions About FXO

What does FXO invest in?

The fund will 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 financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.

What is the expense ratio of FXO?

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

How big is FXO?

First Trust Financials AlphaDEX Fund (FXO) manages $1.11B 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 FXO actively managed or an index fund?

FXO is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FXO's is 0.60%) because there's no security selection cost.

When was FXO launched?

First Trust Financials AlphaDEX Fund (FXO) launched in May 2007 and is managed by First Trust.

How has FXO performed?

FXO'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.