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ETFs

First Trust Latin America AlphaDEX Fund

FLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 18 2011
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$284,802
AUM
$74,880,037
Associated Index
NASDAQ AlphaDEX Latin America Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PETR4
Petroleo Brasileiro S.A. Petrobras - PRF PERPETUAL BRL 26.30 - Cls B
4.61%
GCARSOA1
Grupo Carso S.A. - Ordinary Shares - Class A1
3.96%
BBAS3
Banco Do Brasil S.A.
3.80%
ENELCHILE
Enel Chile S.A.
3.54%
SUZB3
Suzano S.A.
3.39%
CHDRAUIB
Grupo Comercial Chedraui S.A.B. C.V. - Ordinary Shares - Class B
3.34%
OMAB
Grupo Aeroportuario del Centro Norte S.A.B de C.V. - Ordinary Shares - Class B
3.31%
CMPC
Empresas CMPC S.A.
3.23%
CENCOSUD
Cencosud S.A.
3.07%
KOFUBL
Coca-Cola Femsa S.A.B. DE C.V. - Unit (5 Series L & 3 Series B Shares)
3.06%
Invest with FLN

What is FLN?

The First Trust Latin America AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the NASDAQ AlphaDEX Latin America Index. The NASDAQ AlphaDEX Latin America Index employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Latin America Index. The Index is constructed by ranking the stocks in the NASDAQ Latin America Index on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth and separately on value factors including book value to price, cash flow to price and return on assets.

ETFs related toFLN

ETFs correlated to FLN include ILF, EWZ, BRZU

FLN
First Trust Exchange-Traded Fund III - First Trust Latin America AlphaDEX Fund
ILF
BlackRock Institutional Trust Company N.A. - iShares Latin America 40 ETF
EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
BRZU
Direxion Shares ETF Trust - Direxion Daily MSCI Brazil Bull 2X Shares
EWZS
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil Small-Cap ETF
DVYE
BlackRock Institutional Trust Company N.A. - iShares Emerging Markets Dividend ETF
ARGT
Global X Funds - Global X MSCI Argentina ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
SDIV
Global X Funds - Global X SuperDividend ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FLN is a Global Ex. US Equities ETF. The First Trust Latin America AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the NASDAQ AlphaDEX Latin America Index. The NASDAQ AlphaDEX Latin America Index employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Latin America Index. The Index is constructed by ranking the stocks in the NASDAQ Latin America Index on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth and separately on value factors including book value to price, cash flow to price and return on assets.

FLN tracks the NASDAQ AlphaDEX Latin America Index.

No, FLN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLN is -0.0336%. This is the percent change in the value of FLN over the most recent 1-month period. The 3-month return on FLN is -0.0249%. This is the percent change in the value of FLN over the most recent 3-month period.

The standard deviation of FLN for the past year is 0.2495%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLN include PBW, IGF, and ARKK.

ETFs correlated to FLN include ILF, EWZ, and BRZU.

ETFs that are inversely correlated to FLN include XBIL, EDZ, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.