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First Trust Technology AlphaDEX Fund
FXL (First Trust Technology AlphaDEX Fund) is an index US Technology Equity ETF by First. With a 0.60% MER, it provides diversified exposure through 94 holdings. Semi-annual distribution with a 0.01% yield.
FXL by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.60% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.