First Trust Materials AlphaDEX Fund (FXZ)

First Trust Materials AlphaDEX Fund (FXZ) is an exchange-traded fund in the Natural Resources category. It has $397.26M in assets, an expense ratio of 0.64% and a 1.27% 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 materials and processing sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.