NASDAQ | ETF
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the exchange-traded funds (ETFs) that comprise the index.
The index is designed to provide targeted exposure to the five First Trust sector-based ETFs that the index provider believes offer the greatest potential to outperform the other ETFs in the selection universe and that satisfy certain trading volume and liquidity requirements.
Top 7 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| FXU | First Trust Utilities AlphaDEX® Fund | 21.15% | ||
| FXO | First Trust Exchange-Traded AlphaDEX Fund - First Trust Financials AlphaDEX Fund | 20.24% | ||
| FXR | First Trust Exchange-Traded AlphaDEX Fund - First Trust Industrials/Producer Durables AlphaDEX Fund | 20.14% | ||
| FDN | First Trust Exchange-Traded Fund - First Trust Dow Jones Internet Index Fund | 19.35% | ||
| FXD | First Trust Consumer Discretionary AlphaDEX® Fund | 19.21% | ||
| QTEC | First Trust Exchange-Traded Fund - First Trust NASDAQ-100-Technology Sector Index Fund | 19.17% | ||
| FTXL | First Trust Nasdaq Semiconductor ETF | 18.45% |