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 12 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| MISL | First Trust Indxx Aerospace & Defense ETF | 21.81% | ||
| FXR | First Trust Exchange-Traded AlphaDEX Fund - First Trust Industrials/Producer Durables AlphaDEX Fund | 20.60% | ||
| FTXL | First Trust Nasdaq Semiconductor ETF | 20.48% | ||
| FXO | First Trust Financials AlphaDEX® Fund | 20.13% | ||
| FXR | First Trust Industrials/Producer Durables AlphaDEX® Fund | 20.11% | ||
| FXO | First Trust Exchange-Traded AlphaDEX Fund - First Trust Financials AlphaDEX Fund | 19.70% | ||
| FDN | First Trust Dow Jones Internet Index Fund | 19.35% | ||
| FXD | First Trust Consumer Discretionary AlphaDEX® Fund | 19.21% | ||
| FXU | First Trust Utilities AlphaDEX® Fund | 19.12% | ||
| QTEC | First Trust Exchange-Traded Fund - First Trust NASDAQ-100-Technology Sector Index Fund | 19.10% | ||
| FDN | First Trust Exchange-Traded Fund - First Trust Dow Jones Internet Index Fund | 18.83% | ||
| QQXT | First Trust NASDAQ-100 Ex-Technology Sector Index Fund | 18.53% |