First Trust Financials AlphaDEX Fund
FXO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- May 10, 2007
- CIK
- 0001383496
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Financials AlphaDEX Fund (FXO) is an exchange-traded fund that seeks investment results tracking the StrataQuant Financials Index, a modified equal-dollar weighted index designed to objectively identify and select stocks from the Russell 1000 Index in the financial services sector using the proprietary AlphaDEX selection methodology to generate positive alpha relative to traditional passive-style indices; the fund invests at least 90% of its net assets in common stocks and real estate investment trusts comprising the index, with primary exposure to diversified financial services including banks, investment banking and brokerage services, insurance, capital markets, consumer finance, and thrifts and mortgage finance. Top holdings include Invesco Ltd., SoFi Technologies Inc., Interactive Brokers Group Inc., Bank of New York Mellon Corp., and Citigroup Inc., representing approximately 9.28% of the portfolio; the fund maintains sector allocations dominated by financial services at 97.91%, real estate at 1.66%, and technology at 0.32%, with geographic focus primarily in the United States (94.87%), Latin America (3.47%), Europe ex-Euro (0.86%), and Canada (0.69%). Launched on May 8, 2007, and domiciled in the United States, the fund is managed by a team at First Trust Advisors L.P. including Roger Testin, Daniel Lindquist, Jon Erickson, David McGarel, Stan Ueland, Chris Peterson, and Erik Russo; it trades on the Nasdaq with total net assets of approximately $2.18 billion, a net expense ratio of 0.61%, and is available for sale in the United States and Mexico, headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois. In a recent major development, as part of its scheduled portfolio rebalancing in July 2025, the fund acquired 185,000 shares of Freedom Holding Corp. (NASDAQ: FRHC), positioning FXO as the second-largest shareholder after FRHC's founder and CEO Timur Turlov, with FRHC holding a 1.22% weighting in the underlying index; this addition underscores the fund's quantitative screening for growth and value factors in financial sector constituents. The fund targets institutional and retail investors seeking enhanced returns in the financials sector through alpha-generating stock selection, amid ongoing portfolio adjustments reflective of market conditions and index methodology.