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Launched · SEC filings

First Trust Latin America AlphaDEX Fund

FLNNasdaqFirst TrustF

$23.62+0.06 (+0.26%)

At close: Nov 2, 2026, 4:00 PM ET

F23/ 100

Rank 10 of 10 in Emerging Markets Factor Index

F23/100Rank 10 of 10inEmerging Markets Factor Index
Intraday session: up, 79 prints from 23.56 to 23.62. Range 23.62 to 23.89. Use the arrow keys to read each point.23.7023.8023.9010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$40M
1Y total return
+13.6%
Yield · Last 12 months
4.02%
Holdings
54
Avg volume · 30D
12.2K sh
52W range
low $21.11high $28.50
Launched
Filings
SEC EDGAR

The ETF.net FLN Grade

F

Score 23 out of 100

Category
Emerging Markets Factor Index⁠
Rank
10 of 10
Six-pillar profile for FLN. Scores out of 100: Cost 14, Risk 22, Mission 27, Tradability 40, Holdings 28, Durability 29. Strongest: Tradability (40). Weakest: Cost (14). Leans toward Tradability.

Score 23 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F14 out of 100
    Rank 9 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D27 out of 100
    Rank 3 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F22 out of 100
    Rank 9 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 5 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 9 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 10 of 10

Our read on FLN

ETF.net Research

In short

FMost Latin America funds just buy the region's biggest companies. FLN runs Latin American stocks through First Trust's AlphaDEX growth-and-value screen first, then holds the roughly 60 names that survive it.

Stated mandate

The fund seeks investment results that generally correspond to the price and yield of the Nasdaq AlphaDEX Latin America Index before fees and expenses.

Why people hold it

  • Rules-based stock picking, not a market-cap copy: the AlphaDEX screen ranks stocks on growth and value factors and builds the index from the winners.
  • Roughly 60 holdings, so the screen actually shows up in the portfolio instead of getting diluted across hundreds of names.
  • Live since 2011, giving it a long public record across the region's commodity and currency cycles.
  • Distributions land quarterly, and the mandate is a clean single-region equity sleeve: Latin America, nothing else bolted on.

Worth knowing

  • The screen carries a price: 0.80% a year, well above what plain index-tracking ETFs in its peer group typically charge. That is a permanent drag on the strategy.
  • Small asset base and light trading volume, so spreads can be wider than on the region's household-name funds and large orders need care.
  • One region, one currency basket of risks. Latin American politics and exchange rates drive results here in a way a global fund would smooth out.

FLN Performance

Launched Apr 18, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FLN$11,359
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FLN $11,359. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FLN. Periods over one year show the average yearly return.
PeriodFLN
Year to date+6.6%
1 month−7.9%
3 months−9.2%
1 year+13.6%
3 yearsper year+15.2%
5 yearsper year+12.0%
10 yearsper year+6.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLN
YearReturn barFLN
2026 YTD+6.6%
2025+55.0%
2024−23.1%
2023+29.7%
2022+2.7%
2021−7.0%
2020−12.3%

FLN in the news

FLN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.02%Last 12 months
Payout per share
$0.95Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.11; Jun 22, 2017 $0.33; Sep 21, 2017 $0.34; Dec 21, 2017 $1.32; Mar 22, 2018 $0.02; Jun 21, 2018 $0.30; Sep 14, 2018 $0.04; Dec 18, 2018 $0.20; Mar 21, 2019 $0.07; Jun 14, 2019 $0.30; Sep 25, 2019 $0.01; Dec 13, 2019 $0.06; Mar 26, 2020 $0.09; Jun 25, 2020 $0.16; Sep 24, 2020 $0.07; Mar 25, 2021 $0.05; Jun 24, 2021 $0.19; Sep 23, 2021 $0.18; Dec 23, 2021 $0.40; Mar 25, 2022 $0.02; Jun 24, 2022 $0.51; Sep 23, 2022 $0.23; Dec 23, 2022 $0.18; Mar 24, 2023 $0.04; Jun 27, 2023 $0.52; Sep 22, 2023 $0.16; Dec 22, 2023 $0.15; Mar 21, 2024 $0.19; Jun 27, 2024 $0.38; Sep 26, 2024 $0.38; Mar 27, 2025 $0.10; Jun 26, 2025 $0.27; Sep 25, 2025 $0.09; Dec 12, 2025 $0.31; Mar 26, 2026 $0.23; Jun 25, 2026 $0.25; Sep 24, 2026 $0.15. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.15
Jun 25, 2026Jun 30, 2026$0.25
Mar 26, 2026Mar 31, 2026$0.23
Dec 12, 2025Dec 31, 2025$0.31
Sep 25, 2025Sep 30, 2025$0.09
Jun 26, 2025Jun 30, 2025$0.27
Mar 27, 2025Mar 31, 2025$0.10
Sep 26, 2024Sep 30, 2024$0.38
Jun 27, 2024Jun 28, 2024$0.38
Mar 21, 2024Mar 28, 2024$0.19
Dec 22, 2023Dec 29, 2023$0.15
Sep 22, 2023Sep 29, 2023$0.16

See all 54 payments⁠

$10,000 in FLN 10 years ago paid $4,460 in dividends.⁠

FLN Risk

Risk pillarF22 out of 100Rank 9 of 10 in Emerging Markets Factor Index
How much the fund’s monthly returns vary, scaled to a year.
19.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.59
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.0%
Trough Jul 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.97
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FLN Cost

Compare FLN and EEMV

Overpaying vs EEMV, cheapest in Emerging Markets Factor Index

$10,187

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FLN 0.80%

    $15,346

  • EEMV 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FLN 0.80%
  • EEMV 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FLN $15,346EEMV $5,159

Year by year

YearFLNEEMVOverpaying
10$1,422$455$967
20$5,393$1,769$3,624
30$15,346$5,159$10,187

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