About First Trust Energy AlphaDEX Fund (FXN)

The First Trust Energy AlphaDEX Fund (FXN) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the StrataQuant Energy Index. The index is an enhanced index created by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The ETF is designed to provide exposure to the energy sector of the U.S. equity market and includes companies involved in the exploration, production, marketing, refining, and/or transportation of energy products.

FXN is listed on the NYSE Arca and has been trading since May 8, 2007. It has a market capitalization of approximately $800 million. The fund's investment strategy is based on a quantitative approach that evaluates stocks based on factors such as growth, value, and other fundamental factors. The ETF's portfolio is rebalanced on a quarterly basis to ensure that it reflects the current market conditions. As of the latest data, FXN has a price-to-earnings growth (PEG) ratio of 1.10, which indicates that the fund is fairly valued relative to its expected earnings growth.