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First Trust Utilities AlphaDEX Fund
FXU (First Trust Utilities AlphaDEX Fund) is an active Utilities Equity ETF by First. With a 0.61% MER, it provides diversified exposure through 41 holdings. Quarterly distribution with a 2.11% yield.
FXU is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.61% MER, its fees are in line with category averages. It pays a quarterly distribution with a 2.11% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).