Key stats
About First Trust Financials AlphaDEX
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Inception date
May 8, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FXO attempts to beat the US financials market, instead of providing a market-like sector exposure. The fund applies a quant-based model to the Russell 1000 financials universeit hopes to pick winners by determining the degree to which firms outperform or underperform on a risk-adjusted basis relative to the benchmark. The fund then equal-weights the chosen outperforming stocks in tiers. This method leads FXO to a perpetual mid-cap bias, and tilts it to different sectors, including non-financials. The index is reconstituted and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.81%
Finance98.88%
Commercial Services0.62%
Technology Services0.30%
Bonds, Cash & Other0.19%
Mutual fund0.19%
Cash0.00%
Stock breakdown by region
North America95.67%
Europe2.23%
Asia1.25%
Latin America0.85%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FXO invests in stocks. The fund's major sectors are Finance, with 98.88% stocks, and Commercial Services, with 0.62% of the basket. The assets are mostly located in the North America region.
FXO top holdings are SoFi Technologies Inc and Invesco Ltd., occupying 1.82% and 1.73% of the portfolio correspondingly.
FXO last dividends amounted to 0.23 USD. The quarter before, the issuer paid 0.25 USD in dividends, which shows a 12.15% decrease.
FXO assets under management is 2.18 B USD. It's risen 4.98% over the last month.
FXO fund flows account for 1.15 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FXO pays dividends to its holders with the dividend yield of 1.96%. The last dividend (Jun 30, 2025) amounted to 0.23 USD. The dividends are paid quarterly.
FXO shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 8, 2007, and its management style is Passive.
FXO expense ratio is 0.62% meaning you'd have to pay 0.62% of your investment to help manage the fund.
FXO follows the StrataQuant Financials Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FXO invests in stocks.
FXO price has risen by 5.61% over the last month, and its yearly performance shows a 19.96% increase. See more dynamics on FXO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.99% over the last month, showed a 18.07% increase in three-month performance and has increased by 23.36% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.99% over the last month, showed a 18.07% increase in three-month performance and has increased by 23.36% in a year.
FXO trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.