First Trust Brazil AlphaDEX Fund
FBZ
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ROIC.AI
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- First Trust Brazil AlphaDEX Fund (FBZ) is an exchange-traded fund that seeks investment results tracking the Nasdaq AlphaDEX Brazil Index, which employs a proprietary quantitative methodology to select and weight Brazilian equities from a universe of the 175 largest companies listed on the Bolsa de Valores de Sao Paulo (B3) based on growth and value factors across multiple tiers; the fund holds approximately 49 stocks concentrated in total market equity with exposure to sectors including financials, materials, energy, consumer discretionary, industrials, and utilities. Launched on April 18, 2011, and managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois, the fund targets investors seeking enhanced alpha potential in the Brazilian equity market through a rules-based, non-cap-weighted approach that aims to outperform traditional market-cap indexes. The fund trades on the Nasdaq Stock Market and features an expense ratio of 0.80%, with assets under management reaching approximately $7 million prior to its termination. In a significant recent development, First Trust Advisors L.P. announced on June 10, 2025, the approval of the liquidation of the First Trust Brazil AlphaDEX Fund, with trading ceasing on July 11, 2025, and final liquidation occurring on or around July 18, 2025, after which shareholders receive a cash redemption equal to the net asset value per share less applicable transaction costs. This operational change follows standard procedures for underperforming or low-AUM funds, with no reported recent partnerships, acquisitions, funding rounds, or new product launches associated with FBZ in the prior 1-2 years; the fund's most recent ex-dividend date was June 26, 2025, yielding approximately 3.97% trailing twelve months. As of the current date, the fund is marked as terminated on the issuer's official website.