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FXL

GradeCNew York Stock Exchange Arca

First Trust Technology AlphaDEX Fund

Sectors · First Trust · Inception 2007-05-08 · SEC filings

$222.49−0.02 (−0.01%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 68 prints from 222.51 to 222.49. Range 220.47 to 223.19. Use the arrow keys to read each point.$221.00$222.00$223.0010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$2.8B
1Y return
+29.0%
Yield · Last 12 months
0.00%
Holdings
110
Volume · 30D
0.1M sh
NAV per share
$221.27
52W range
low $151.62high $225.59

The ETF.net FXL Grade

C

51/ 100

Rank 15 of 25 in Technology (Broad)⁠

Confidence Medium

Six-pillar profile for FXL. Scores out of 100: Cost 33, Risk 54, Mission not scored, Tradability 59, Holdings 88, Durability 59. Strongest: Holdings (88). Weakest: Cost (33). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 33
    Category rank17/25 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank14/25 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank11/25 · top 44%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 88
    Category rank2/24 · top 8%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank13/25 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FXL

ETF.net Research

CA 2007-vintage tech fund that skips the cap-weighted default. Roughly 100 names selected and weighted by the rules of the StrataQuant Technology Index: smart beta before the label caught on.

Stated mandate

Seeks investment results that correspond generally to the price and yield, before fees and expenses, of the StrataQuant® Technology equity index.

Why people hold it

  1. 01Running since 2007 and now a multi-billion-dollar fund, it is a long-tenured rules-based take on the tech sector, not a recent launch chasing a theme.
  2. 02Roughly 100 tech names in one wrapper, chosen by the StrataQuant Technology Index's published rules rather than by a manager's judgment.
  3. 03The 0.60% expense ratio sits below the median for its peer group, and it is among the easier funds in that group to trade.
  4. 04Stands in the upper tier of a large field of active and rules-driven US equity funds.

Worth knowing

  1. 01At 0.60%, it costs several times what top-ranked core peers charge (DFAU at 0.12%, FELC at 0.18%). The screen carries that price gap.
  2. 02One sector, about 100 stocks. Concentration like that moves in bigger steps than a broad-market fund, up and down.
  3. 03Income is a side effect here: distributions land once or twice a year, not monthly or quarterly.

FXL Holdings

As of Sep 21, 2026, 5:05 PM
Asset class
Stocks
Holdings
110
Top-10 weight
18%
Largest holding
CTSH2.4%

Sectors

  • Technology90.0%
  • Industrials4.3%
  • Communication2.8%
  • Financials1.9%
  • Consumer Discr.1.0%

Geography

  • United States97.37%
  • Cayman Islands1.49%
  • Australia1.14%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CTSHCognizant Technology Solutions Corporation2.37%1,097,901$66M354
002EPAMEPAM Systems, Inc.2.20%535,875$61M140
003DELLDell Technologies Inc. (Class C)2.02%98,551$56M427
004LDOSLeidos Holdings, Inc.1.90%412,952$53M272
005PTCPTC Inc.1.83%374,280$51M283
006DOXAmdocs Limited1.80%841,347$50M140
007RNGRingCentral, Inc. (Class A)1.70%654,518$47M153
008ZMZoom Communications, Inc. (Class A)1.58%492,662$44M251
009CRWDCrowdStrike Holdings, Inc. (Class A)1.53%178,305$42M454
010ADBEAdobe Incorporated1.49%165,920$41M475
011AMDAdvanced Micro Devices, Inc.1.48%73,201$41M618
012TWLOTwilio Inc. (Class A)1.45%164,868$40M271
013SMTCSemtech Corporation1.40%210,176$39M166
014CRMSalesforce, Inc.1.40%162,854$39M457
015FTNTFortinet, Inc.1.36%221,437$38M465

Showing 1–15 of 111 holdings

FXL Performance

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

FXL$12,901
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FXL $12,901. SPY $11,723. Use the arrow keys to read each point.$8,498$10,935$13,372Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 FXL. Periods over one year show the average yearly return.
PeriodFXL
Year to date+32.3%
1 month+3.8%
3 months+3.4%
1 year+29.0%
3 years+26.8%per year
5 years+12.1%per year
10 years+20.1%per year

As of the close, 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 FXL
YearReturn barFXL
2026 YTD+32.3%
2025+13.3%
2024+16.1%
2023+40.5%
2022−30.4%
2021+18.2%
2020+54.2%

FXL in the news

ETF.net Research hasn’t filed on FXL yet — coverage lands here as it’s written.

FXL 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 Sep 22, 2026.
0.00%Last 12 months
Payout per share
$0.0098Last 12 months
Last payment
$0.0098 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 27 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.04; Jun 22, 2017 $0.04; Sep 21, 2017 $0.03; Dec 21, 2017 $0.02; Mar 22, 2018 $0.02; Jun 21, 2018 $0.02; Dec 28, 2018 $0.06; Mar 21, 2019 $0.13; Jun 14, 2019 $0.03; Sep 25, 2019 $0.06; Dec 13, 2019 $0.05; Mar 26, 2020 $0.03; Jun 25, 2020 $0.02; Sep 23, 2021 $0.02; Dec 23, 2021 $0.12; Mar 25, 2022 $0.12; Jun 24, 2022 $0.05; Sep 23, 2022 $0.06; Dec 23, 2022 $0.08; Mar 24, 2023 $0.08; Jun 27, 2023 $0.04; Sep 22, 2023 $0.03; Dec 22, 2023 $0.37; Mar 21, 2024 $0.12; Sep 26, 2024 $0.02; Dec 13, 2024 $0.03; Sep 25, 2025 $0.0098. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 25, 2025Sep 30, 2025$0.0098
Dec 13, 2024Dec 31, 2024$0.03
Sep 26, 2024Sep 30, 2024$0.02
Mar 21, 2024Mar 28, 2024$0.12
Dec 22, 2023Dec 29, 2023$0.37
Sep 22, 2023Sep 29, 2023$0.03
Jun 27, 2023Jun 30, 2023$0.04
Mar 24, 2023Mar 31, 2023$0.08
Dec 23, 2022Dec 30, 2022$0.08
Sep 23, 2022Sep 30, 2022$0.06
Jun 24, 2022Jun 30, 2022$0.05
Mar 25, 2022Mar 31, 2022$0.12

FXL Risk

How much the fund’s monthly returns vary, scaled to a year.
21.4%
Annualised · 36 months to Aug 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.
0.86
vs 3-month T-bills · to Aug 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.
−38.5%
Trough Oct 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.
1.25
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.

FXL Cost

Expense ratio0.60%
  • The middle half of Technology (Broad) funds
  • Median 0.45%

15 of the 23 Technology (Broad) funds charge less.

FXL costs $60.00 a year on $10,000. The median Technology (Broad) fund costs $45.00.