First Trust Latin America AlphaDEX® Fund (FLN) (2022)

Fund Summary|Holdings||Historical Pricing|Distribution History|Contact Fund

Investment Objective/Strategy - The First Trust Latin America 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 Nasdaq AlphaDEX® Latin America Index.

There can be no assurance that the Fund's investment objectives will be achieved.

  • The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ Latin America Index that meet certain criteria.
  • To construct the Index, Nasdaq ranks the eligible stocks 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 50 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 country/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 country/sector, is greater than the constraint, then the stock's weight is lowered to the highest rank in the next quintile. Stocks previously lower in rank then move up one rank. 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 country/sector constraints. This process continues until all the country/sector weightings meet the constraint.
  • The Index is reconstituted and rebalanced semi-annually.

Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End12/31
Inception Price$29.70
Inception NAV$29.70
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Closing NAV1$20.37
Closing Market Price2$20.26
Bid/Ask Midpoint$20.38
Bid/Ask Premium0.05%
30-Day Median Bid/Ask Spread31.90%
Total Net Assets$53,988,239
Outstanding Shares2,650,002
Daily Volume5,251
Average 30-Day Daily Volume10,682
Closing Market Price 52-Week High/Low$21.41 / $16.38
Closing NAV 52-Week High/Low$21.42 / $16.45
Number of Holdings (excluding cash)50
Video: News: EWH, FLN: Big ETF Inflows
Holding Percent
Cia Sud Americana de Vapores SA 4.60%
Sociedad Quimica y Minera de Chile S.A. (Class B) 4.17%
El Puerto de Liverpool, S.A.B. de C.V. (Class C1) 3.57%
Banco do Brasil S.A. 3.55%
Empresas Copec S.A. 3.47%
Companhia Energetica de Minas Gerais-CEMIG (Preference) 3.33%
Gerdau S.A. (Preferred Shares) 3.32%
Companhia Paranaense de Energia-Copel (Preference B) 3.27%
Petroleo Brasileiro S.A. (Petrobras) (Preference Shares) 3.08%
Companhia Siderurgica Nacional S.A. (CSN) 2.98%

*Excluding cash.Holdings are subject to change.

First Trust Latin America AlphaDEX® Fund (FLN) (2)
Among 24 funds in the Latin America Stock category. This fund was rated 4 stars/24 funds (3 years), 4 stars/20 funds (5 years), 4 stars/18 funds (10 years) based on risk adjusted returns.

Dividend per Share Amt (as of 6/4/2022)5$0.0153
30-Day SEC Yield (as of 4/29/2022)62.91%
12-Month Distribution Rate (as of 4/29/2022)74.19%
Index Yield (as of 4/29/2022)86.75%
Maximum Market Cap.$87,565
Median Market Cap.$7,423
Minimum Market Cap.$3,782
Price/Cash Flow4.31
Video: Gold in Perspective
Country Percent
Brazil 57.78%
Mexico 21.30%
Chile 17.07%
Colombia 2.16%
Peru 1.69%
2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 23 11 19 ---
Days Traded at Discount 229 51 25 ---
Materials 25.83%
Financials 16.83%
Utilities 16.34%
Industrials 10.12%
Energy 8.66%
Consumer Staples 6.80%
Communication Services 6.53%
Consumer Discretionary 5.90%
Health Care 2.99%
First Trust Latin America AlphaDEX® Fund (FLN) (3)

Tracking Index: Nasdaq AlphaDEX® Latin America Index

Video: 211: The Leading ETF’s of 2016

3 Month YTD 1 Year 3 Year 5 Year 10 Year Since

Fund Performance *

Net Asset Value (NAV) 4.34% 7.11% 1.54% 0.38% 2.78% -0.59% -1.00%
After Tax Held 4.31% 7.08% -0.19% -0.77% 0.97% -1.96% -2.31%
After Tax Sold 2.57% 4.21% 0.88% -0.22% 1.31% -1.05% -1.30%
Market Price 4.07% 7.39% 1.28% 0.32% 2.67% -0.66% -1.02%

Index Performance **

Nasdaq AlphaDEX® Latin America Index 4.69% 7.46% 2.46% 1.94% 4.36% N/A N/A
MSCI EM Latin America Index 3.14% 10.74% 3.67% -1.64% 1.23% -2.13% -2.79%
NASDAQ Latin America Index 1.82% 9.22% -1.46% -3.27% 0.42% N/A N/A
3 Month YTD 1 Year 3 Year 5 Year 10 Year Since

Fund Performance *

Net Asset Value (NAV) 20.20% 20.20% 19.52% 4.70% 4.39% 0.22% 0.05%
After Tax Held 20.17% 20.17% 17.49% 3.50% 2.55% -1.16% -1.29%
After Tax Sold 11.96% 11.96% 11.39% 3.02% 2.48% -0.49% -0.59%
Market Price 20.91% 20.91% 20.02% 4.84% 4.35% 0.18% 0.05%

Index Performance **

Nasdaq AlphaDEX® Latin America Index 20.64% 20.64% 21.25% 6.14% 6.19% N/A N/A
MSCI EM Latin America Index 27.26% 27.26% 23.54% 3.17% 4.09% -1.14% -1.56%
NASDAQ Latin America Index 25.34% 25.34% 17.69% 1.56% 3.27% N/A N/A
Standard DeviationAlphaBetaSharpe RatioCorrelation
MSCI EM Latin America Index33.64%1.370.970.111.00
NASDAQ Latin America Index34.45%---

Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of futureresults and current performance may be higher or lower than performance quoted. Investment returnsand principal value will fluctuate and shares when sold or redeemed, may be worth more or less thantheir original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold.After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returnsdo not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates anddo not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s taxsituation and may differ from those shown. The after-tax returns shown are not relevant to investors who holdtheir fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

On October 13, 2015, the fund's underlying index changed from the Defined Latin America Index to the Nasdaq AlphaDEX® Latin America Index. Therefore, the fund's performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the fund, based on its current index, would have generated.

Video: 211: The Leading ETF’s of 2016

MSCI EM Latin America Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of emerging markets in Latin America.

NASDAQ Latin America Index - The Index is a float adjusted market capitalization-weighted index that is designed to measure equity market performance of securities in countries located in Latin America.

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