Name of ETF: First Trust Technology AlphaDEX Fund
Benchmark Index: StrataQuant Technology Index
Ticker Symbol: FXL
Approximate Number of Holdings: 90
Types of Companies Included: The top companies from the U.S. technology sector that meet specific fundamental criteria.
- Growth Criteria: Sales-to-price ratio, sales growth over the previous 12 months and general price appreciation the company has experienced over three, six and 12 month periods.
- Value Criteria: Book value-to-price, cash flow-to-price and return on assets (ROA).
Individual Company Weight: This ETF is diversified with no one company representing a significant percentage of the ETF.
Industries Represented: The industries with the most representation (largest weight) historically have been semiconductors and software industrieswith electronic equipment, instruments and components companies also having notable representation.