First Trust Materials AlphaDEX Fund

Frequently Asked Questions About FXZ

What does FXZ invest in?

The First Trust Materials AlphaDEX Fund functions as an exchange-traded fund (ETF). Its primary objective is to deliver investment performance that broadly tracks the total return (encompassing both price changes and dividend income) of a particular equity benchmark, specifically, the StrataQuant Materials Index, prior to factoring in any management fees and operating expenses.

What is the expense ratio of FXZ?

First Trust Materials AlphaDEX Fund (FXZ) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FXZ?

First Trust Materials AlphaDEX Fund (FXZ) manages $376.8M 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 FXZ actively managed or an index fund?

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

When was FXZ launched?

First Trust Materials AlphaDEX Fund (FXZ) launched in May 2007 and is managed by First Trust.

How has FXZ performed?

FXZ'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.