First Trust Consumer Staples AlphaDEX� Fund (FXG)

First Trust Consumer Staples AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the StrataQuant Consumer Staples AlphaDEX Index. The StrataQuantTM Consumer Staples Index is an �enhanced� index created and administered by the AMEX which employs the AlphaDEXTM stock selection methodology to select stocks from the Russell 1000� Index. The AMEX constructs the StrataQuantTM Consumer Staples Index by ranking the stocks which are members of the Russell 1000� Index on growth factors including three, six 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. Stocks which Russell has classified solely as growth or value, receive their score using the above growth or value factors respectively. Stocks which Russell allocates between both growth and value receive their best score between the growth and value factors. The AMEX then ranks those stocks contained in the consumer staples sector (the members of the Russell 1000� Consumer Staples Index) according to their score. The bottom 25% is eliminated and the top 75% is selected for the StrataQuantTM Consumer Staples Index. The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly. (Source:www.ftportfolios.com)The Russell 1000 Index offers investors access to the extensive large-cap segment of the U.S. equity universe representing approximately 92% of the U.S. market. The Russell 1000 is constructed to provide a comprehensive and unbiased barometer for the large-cap segment and is completely reconstituted annually to ensure new and growing equities are reflected. The Russell 1000 includes the largest 1000 securities in the Russell 3000. (Source: www.russell.com) [read more]

Last Trade: $31.36 Trade Time: 05/23/2013 Prev Close: $31.36 Open: $0.00 High: $0.00 Low: $0.00 Volume: 0 Optionable: No

Yield: 0.156 Annual Dividend: 0.049 Dividend Freq: Quarterly Leverage: No Inverse: No Expense Ratio: 0.700 Inception Date: 05/08/2007