First Trust AlphaDEX U.S. Technology Sector Index ETF
FHQ.TO
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- First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) is an exchange-traded fund that seeks to replicate, to the extent possible, the performance of the StrataQuant Technology Index, net of expenses, before fees and expenses. Launched by FT Portfolios Canada Co. on October 29, 2014, and managed by First Trust Advisors LP, the ETF is domiciled in Canada and listed on the Toronto Stock Exchange; it applies the proprietary AlphaDEX methodology to the Russell 1000 Index to select constituent securities from U.S. technology sector stocks across large- and mid-capitalization companies operating in information technology segments, including growth and value equities via a full replication technique. The fund holds approximately 109 securities, with top holdings such as Cloudflare Inc., Palantir Technologies Inc., Western Digital Corp., Micron Technology Inc., and DoorDash Inc., representing diversified exposure to software, semiconductors, hardware, IT services, and related subsectors; it maintains an expense ratio of 0.82%, assets under management of around CAD 30 million, and a portfolio composition heavily weighted toward U.S. equities alongside Canadian dollar holdings for currency considerations. The ETF targets investors seeking smart beta exposure to the U.S. technology sector, emphasizing mid-cap and select large-cap names with enhanced alpha potential over traditional market-cap weighting; it operates primarily in North American markets, with underlying holdings generating substantial international revenues from global technology demand. Geographically, it invests in public equity markets of the United States while trading in Canadian dollars on the TSX, providing Canadian investors hedged access to U.S. tech performance amid sector volatility. No major acquisitions, funding rounds, partnerships, or strategic shifts specific to FHQ.TO have been reported in the last 1-2 years; the fund continues to adhere to its established AlphaDEX methodology and index-tracking mandate without noted reorganizations, new product launches under the FHQ ticker, or operational changes. Recent performance includes a 1-year total return of 14.67% as of mid-2025 and an inception-to-date average annual return of 16.75%, supported by periodic distributions such as CAD 0.020 per share in March 2024. First Trust Advisors LP, the manager and part of the First Trust group founded in 1991 with headquarters in Wheaton, Illinois, oversees the ETF as part of its broader suite of ETFs, UITs, and investment products offered through FT Portfolios Canada Co.