First Trust Utilities AlphaDEX Fund (FXU)

First Trust Utilities AlphaDEX Fund (FXU) is an exchange-traded fund in the Utilities category. It has $722.22M in assets, an expense ratio of 0.61% and a 2.56% dividend yield. The fund will normally 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 utilities sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.