About First Trust Consumer Staples AlphaDEX Fund (FXG)

The First Trust Consumer Staples AlphaDEX Fund (FXG) seeks to track the investment results of an index composed of U.S. consumer staples stocks. This exchange-traded fund (ETF) focuses on companies operating in the consumer staples sector such as food, beverages, household products, and personal care items. FXG aims to provide investors with exposure to this defensive sector, which tends to be less affected by economic downturns and is considered a core holding for many portfolio managers.

In terms of the fund's performance, FXG has a solid track record. Over the past five years, it has delivered positive returns, outperforming its benchmark index and many of its peers. This performance can be attributed to the fund's unique methodology, which utilizes an "AlphaDEX" approach. This strategy seeks to identify and invest in consumer staples stocks with the highest potential for positive risk-adjusted returns. By employing a systematic stock selection process, the fund aims to outperform traditional market-cap-weighted indexes.