FKU
First Trust United Kingdom AlphaDEX Fund
📎 Investment Objective
The First Trust United Kingdom AlphaDEX Fund (FKU) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX United Kingdom Index.
Overview
ETF tracking First Trust United Kingdom AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust United Kingdom AlphaDEX Fund (FKU) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX United Kingdom Index.
🎯 Investment Strategy
The fund employs an 'AlphaDEX' stock selection methodology to construct a portfolio of UK-based companies. This strategy aims to provide enhanced returns compared to traditional market capitalization-weighted indexes by selecting stocks based on growth and value factors.
✨ Key Features
- Focuses on UK equities using an enhanced indexing approach
- Utilizes the AlphaDEX methodology to select stocks based on growth and value factors
- Seeks to outperform traditional market cap-weighted UK indexes
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Exposure to the UK equity market, which may be subject to higher volatility and economic uncertainty
- Potential underperformance compared to traditional UK market indexes if the AlphaDEX methodology does not add value
- Concentration risk as the fund invests in a limited number of UK-based companies
- Currency risk for US-based investors due to fluctuations in the British pound
👤 Best For
The First Trust United Kingdom AlphaDEX Fund may be suitable for investors seeking exposure to the UK equity market through an actively managed, factor-based strategy. It may be most appropriate for investors with a medium to long-term investment horizon and a moderate risk tolerance.