Name of ETF: First Trust Materials AlphaDEX Fund
Benchmark Index: StrataQuant Materials Index
Ticker Symbol: FXZ
Approximate Number of Holdings: 55
Types of Companies Included: The top companies from the materials sector in the Russell 1000 that meet specific fundamental criteria.
Fundamentals Used:
- 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).
Industries Represented: The industry with the most representation (largest weight) is the chemicals industry, with containers and packaging and metals and mining companies also having notable representation.
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