First Trust Financials AlphaDEX Fund (FXO)

First Trust Financials AlphaDEX Fund (FXO) is an exchange-traded fund in the Financial category. It has $1.12B in assets, an expense ratio of 0.60% and a 1.99% dividend yield. The fund will invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000® Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.