Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the First Trust Technology AlphaDEX ETF (FXL) , a passively managed exchange traded fund launched on May 8, 2007.Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.Investor-friendly, sector ETFs provide many options to gain low risk an ...

Core Insights - The First Trust Technology AlphaDEX ETF (FXL) is a smart beta ETF launched on May 8, 2007, designed to provide broad exposure to the Technology ETFs category [1] - FXL has accumulated over $1.37 billion in assets, making it one of the larger ETFs in the Technology sector [5] - The ETF seeks to match the performance of the StrataQuant Technology Index, which uses a modified equal-dollar weighted methodology to select stocks from the Russell 1000 Index [6] Fund Characteristics - FXL has an annual operating expense ratio of 0.60%, which is competitive within its peer group [7] - The ETF's 12-month trailing dividend yield is 0.03% [7] - Approximately 80.9% of FXL's portfolio is allocated to the Information Technology sector, with Industrials and Telecom also being significant [8] Holdings and Performance - Concentrix Corporation (CNXC) represents about 1.77% of FXL's total assets, with the top 10 holdings accounting for approximately 16.85% of total assets [9] - As of July 22, 2025, FXL has gained about 7.39% year-to-date and approximately 17.25% over the past year, with a trading range between $115.28 and $160.72 in the last 52 weeks [11] - The ETF has a beta of 1.16 and a standard deviation of 24.52% over the trailing three-year period, indicating medium risk [11] Alternatives - Other ETFs in the technology space include the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT), with XLK having $83.05 billion in assets and VGT $97.48 billion [13] - XLK has a lower expense ratio of 0.08% compared to FXL, while VGT has an expense ratio of 0.09% [13]