First Trust United Kingdom AlphaDEX® Fund Company Overview
About First Trust United Kingdom AlphaDEX® Fund
First Trust United Kingdom AlphaDEX® Fund (NASDAQ:FKU) is an exchange-traded fund that aims to provide investors with investment results that correspond generally to the price and yield performance of an equity index called the NASDAQ AlphaDEX® United Kingdom Index. By employing the AlphaDEX® selection methodology, the fund screens and ranks stocks from the NASDAQ United Kingdom Index based on various growth and value factors. Its projects and operations are focused on offering investors a diversified portfolio by investing in a broad array of sectors, including but not limited to, financials, consumer goods, and healthcare. The objective of First Trust United Kingdom AlphaDEX® Fund is to achieve long-term capital appreciation for its investors by meticulously selecting stocks that offer the potential for higher returns compared to traditional market cap-weighted indices.
Snapshot
Operations
Products and/or services of First Trust United Kingdom AlphaDEX® Fund
- Tracks an Index: The ETF tracks the Nasdaq AlphaDEX® United Kingdom™ Index. This index is designed to pick stocks from the Nasdaq United Kingdom Index that meet certain criteria.
- Selection Criteria: The index uses a methodology called AlphaDEX® to choose stocks. This methodology considers factors like a company's growth potential (based on things like sales growth and price appreciation) and its value (based on factors like book value to price).
- Equal Weighting: The index weights each of the companies it holds equally. This means that no one company has a bigger impact on the index's performance than any other company.