FSZFirst Trust Switzerland AlphaDEX Fund(Exchange Traded Fund )
XTF Rating* 4.2
Price:$51.29 -0.229(-0.44%)
52 Week:$36.05 - $55.46
Volume: 4,740
Avg Daily Volume: 10,937
Market Cap: $72,126,703 Avg Trade Size: 162 shares
Fund Turnover: 145 days 8/7/2020 3:50:01 PM
Similar ETFs to FSZ: EWL, FLSW, HEWL, EUMV, SCID

First Trust Switzerland AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The First Trust Switzerland AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Defined Switzerland Index. The Defined Switzerland Index is an 'enhanced' index created and administered by Standard & Poor's which employs the AlphaDEX stock selection methodology to select stocks from the S&P Switzerland BMI universe that meet certain criteria. Standard & Poor's constructs the Defined Switzerland Index by ranking the eligible stocks from the S&P Switzerland BMI universe on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style. Each stock receives the best style rank from the previous step as its selection score.The top 40 stocks based on the selection score determined in the previous step comprise the 'selected stocks'. The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.Each stock is then tested in order of its selection score rank to check if the weight assigned to that stock is outside the sector weighting constraints, which are set at 15% above the benchmark weight.If the weight assigned to the stock, when added with the weight assigned to all higher ranking stocks in its sector, is greater than the constraint, then the stock is lowered to the highest ranking position in the next lowest quintile. Stocks previously lower in rank move up one rank as necessary. Such stocks in the lowest quintile that violate a constraint are removed from the portfolio and replaced by the highest scoring stock not originally selected, subject to sector constraints. This process continues until all the sector weightings meet the constraint.The index is reconstituted and rebalanced semi-annually.

Inception Date: 2/14/2012Geography: Switzerland  Asset Class: Equity
Primary Exchange: NASDAQ Stock MarketInvestment Philosophy: Enhanced Strategy > FundamentalsCapitalization: Broad/Multi Cap
Issuer: First Trust Advisors LPUnderlying Index: NASDAQ AlphaDEX Switzerland Index
Index Provider: NASDAQ OMX Group, Inc.Index Composition: Custom-Weighted

Structural Integrity
Investment Metrics
Fund Holdings
Fund Exposure
News Headlines
FSZ Structural Integrity ranks in the 37th percentile (among all 1572 Equity ETFs over past 6 months).
as of 6/30/2020 Value  Rank (%)
Expense Ratio 0.80% 
 16.3%
Average Bid Ask Ratio Premium Content 
 31.8%
Tracking Error Premium Content 
 40.3%
Concentration Risk Premium Content 
 52.4%
Market Impact Premium Content 
 35.6%
Efficiency Premium Content 
 84.5%
Cap Gains Dist Premium Content 
 100%
     
as of 8/6/2020  
Avg Number of Components   (range) 40   (1-41)
Legal Structure Open-End Investment Company 
Annual Yield / SEC Yield 1.67% / 1.74%
Last Dividend PaidDate 0.77, 6/25/2020   See Distributions
Options / Futures Available N  /  N 
Short Interest / Days to Cover N.A. /  N.A.
Net Asset Value $72,101,811 
Premium (Discount) 0.03% 
*The XTF Rating for an ETF is based on statistical analysis of its structural integrity and investment metric giving a total range between 0 and 10 with 10 being the best. Read More.





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