FLN First Trust Latin America AlphaDEX ETF
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FLN First Trust Latin America AlphaDEX ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Latin America Index. The Index is constructed by ranking the stocks in the NASDAQ Latin America Index on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth and separately on value factors including book value to price, cash flow to price and return on assets. Each stock receives the best rank from step 1 as its “selection score”. The best scoring 50 stocks comprise the “selected stocks” universe. The “selected stocks” are then split into quintiles based on their selection score. The top ranked quintile receives 5/15 (33%) of the portfolio weight with successive quintiles receiving 4/15 (26.7%), 3/15 (20.0%), 2/15 (13.3%) and 1/15 (6.7%), respectively. Stocks are equally weighted within each quintile.
$15.99 -0.16 (-0.98%)
As of 03/24/2023 09:36:42 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: Global Equity
Category2: Emerging markets
Category3: Miscellaneous region
Morningstar category: Latin America Stock
Leverage factor: 1.00
Inception date: 04/18/2011
Index tracking method: Passive replication
Current yield: 5.23%
Historical average yield: 3.38%
Market cap: $77,508,992
Average volume: 73,808
Fees: 0.8000%
Index Information
NASDAQ AlphaDEX Latin America Index
Index symbol: NQDXLA
Provider: NASDAQ OMX
Index weighting: Composite scores
Index inception date: 02/11/2015
Backtesting data exists: Yes
Number of holdings: 50
Strategy: Multi-factor investing
Factors used to select securities: