Key stats
About First Trust Brazil AlphaDEX Fund
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Inception date
Apr 18, 2011
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FBZ does not attempt to provide neutral exposure to Brazil, instead it tries to select firms best positioned to outperform the market. This gives it a significant small- and midcap tilt and a choice for those investors willing to assume the increased risks of its portfolio. Sector bets also drive a slightly increased beta. To construct its portfolio, the fund will select 50 stocks with the highest selection score based on growth and value factors. These are then split into quintiles, with higher scoring quintiles receiving greater weight in the index. Weighting constraints are also set at 15% above the sector/country percentages of the base index. The fund is rebalanced and reconstituted semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Utilities
Finance
UNIT
Stocks86.47%
Utilities15.33%
Finance13.99%
Non-Energy Minerals8.71%
Consumer Non-Durables8.32%
Retail Trade7.93%
Communications5.22%
Commercial Services4.92%
Energy Minerals4.71%
Electronic Technology4.37%
Process Industries3.82%
Producer Manufacturing2.39%
Health Services2.15%
Health Technology1.39%
Distribution Services0.91%
Technology Services0.85%
Transportation0.75%
Consumer Services0.73%
Bonds, Cash & Other13.53%
UNIT10.54%
Miscellaneous2.74%
Cash0.26%
Stock breakdown by region
Latin America97.75%
North America2.25%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history