FIRST TRUST UTILITIES ALPHADEX: (AMEX: FXU)
Jun 18 03:59 PM ET
BENCHMARK for FXU
The StrataQuant Utilities Index is a modified equal-dollar weighted index designed by the AMEX to objectively identify and select stocks from the Russell 1000 Index that may generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology.
FUND SUMMARY FOR FXU
FIRST TRUST UTILITIES ALPHADEX
The First Trust Utilities AlphaDEX Fund is an exchange-traded index fund or Index ETF that is a non-diversified, exchange-traded series of the First Trust Exchange-Traded AlphaDEX Fund, an open-end management investment company. The First Trust Utilities AlphaDEX Fund seeks investment results that correspond generally to the price & yield of an equity index called the StrataQuant Utilities Index.
Zacks ETF Rank : FXU
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.