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First Trust Financials AlphaDEX Fund
FXO (First Trust Financials AlphaDEX Fund) is an index Financial Services Equity ETF by First. With a 0.60% MER, it provides diversified exposure through 93 holdings. Quarterly distribution with a 2.30% yield.
FXO 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 pays a quarterly distribution with a 2.30% yield, making it attractive for income-seeking investors.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.