About First Trust Consumer Discretionary AlphaDEX Fund (FXD)

The First Trust Consumer Discretionary AlphaDEX Fund (FXD) is an exchange-traded fund (ETF) that seeks to track the performance of the StrataQuant Consumer Discretionary Index. The fund invests in a portfolio of stocks in the consumer discretionary sector, which includes companies that provide non-essential goods and services. Some examples of companies in this sector are retailers, restaurants, and leisure companies. The goal of the fund is to provide investors with exposure to the consumer discretionary sector while employing a rules-based methodology to potentially outperform traditional market-cap weighted indexes.

The fund has a market capitalization of $1.4 billion as of the latest available data. It has a PEG ratio of 1.15, which indicates that the fund may be slightly overvalued compared to its expected earnings growth. However, it is important to note that this ratio is just one measure of valuation and should not be the sole basis for investment decisions. When comparing the fund to its industry peers, it is important to consider its unique strategy and investment objective. For investors seeking exposure to the consumer discretionary sector, the fund may be a suitable option.