First Trust Australia AlphaDEX Fund
FAUS
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- First Trust Australia AlphaDEX Fund (NYSE Arca: FAUS) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield (before the fund's fees and expenses) of the NASDAQ AlphaDEX Australia Index. The fund normally invests at least 90% of its net assets in common stocks, depositary receipts, real estate investment trusts and exchange-traded funds that comprise the index, which selects from the S&P Australia BMI Index using a quantitative model to identify stocks with alpha potential based on growth and value factors across fundamental metrics such as price momentum, earnings momentum, and income/price. Holdings are diversified across sectors including real estate (20.4%), basic materials (20.01%), consumer cyclical (13.31%), energy (9.05%), and industrials (8.77%), with a focus on mid-cap (49.99%) and large-cap (48.98%) Australian issuers and limited exposure to emerging markets like China (4.6%) and Papua New Guinea (2.08%). The fund, part of First Trust Exchange-Traded AlphaDEX Fund II, operates in the miscellaneous region equity category and targets investors seeking enhanced returns from Australian equities through an AlphaDEX methodology that aims to outperform passive index funds. It was launched around 2016 and is managed by First Trust Advisors L.P., with headquarters at 120 East Liberty Drive, Suite 400, Wheaton, Illinois. Geographic operations center on Australia and developed markets ex-US (91.48% allocation), with net assets of approximately $2.68 million as of recent data. Recent developments include the fund's involvement in portfolio rebalancing activities within the broader First Trust AlphaDEX suite, such as quarterly distributions announced in December 2025 and ongoing index-driven adjustments to holdings amid sector shifts. While sister funds like First Trust Brazil AlphaDEX Fund (FBZ) and others faced liquidation in 2025 due to asset size considerations, FAUS continues active trading with year-to-date returns reflecting market volatility and remains listed on NYSE Arca. No major acquisitions, partnerships, or strategic reorganizations specific to FAUS were reported in the last 1-2 years, though the First Trust complex announced general distribution increases and sub-advisor alignments in 2025.