ATLASFirst Trust Financials AlphaDEX Fund (FXO): outlook, holdings and fees
First Trust Financials AlphaDEX Fund (FXO) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.65% and the yield is 2.27%. The ten largest holdings are 17% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FXO
| Last price | $64.91 (+1.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $63.38 – $67.10 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 2.27% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FXO fund facts
| Issuer | First Trust |
|---|---|
| Theme | Financials |
| Assets under management | $1.0B |
| Expense ratio | 0.65% |
| Number of holdings | 50 |
| Portfolio turnover | 0% |
| Inception | May 8, 2007 |
| Exchange | NYSE |
The fund will 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 financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.
FXO top holdings
| Holding | Sector | Weight |
|---|---|---|
| Chime Financial, Inc. Class A Common Stock CHYM | Technology | 1.80% |
| MGIC Investment Corp MTG | Financial Services | 1.78% |
| Hartford Financial Services Group HIG | Financial Services | 1.80% |
| Renaissancere Holdings Ltd RNR | Financial Services | 1.76% |
| Berkshire Hathaway Inc BRK-B | Financial Services | 1.72% |
| American International Group Inc AIG | Financial Services | 1.72% |
| Arch Capital Group Ltd. ACGL | Financial Services | 1.75% |
| The Allstate Corporation ALL | Financial Services | 1.70% |
| Assured Guaranty Ltd AGO | Financial Services | 1.70% |
| Markel Corporation MKL | Financial Services | 1.74% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FXO sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 93.3% |
| Real Estate | 4.1% |
| Technology | 2.6% |
By region: North America 97.8%, Latin America 1.2%, Europe Developed 1.0%.
FXO returns and risk
| Year to date | +4.8% |
|---|---|
| 1 year | +12.4% |
| 3 years (annualised) | +21.0% |
| 5 years (annualised) | +8.9% |
| 10 years (annualised) | +12.9% |
| Volatility (3 years) | 17.8% |
| Sharpe ratio (3 years) | 0.88 |
Past returns do not guarantee future results.
FXO: frequently asked questions
What does FXO invest in?
First Trust Financials AlphaDEX Fund invests in a portfolio of securities. Its largest holdings are Chime Financial, Inc. Class A Common Stock (1.8%), MGIC Investment Corp (1.8%), Hartford Financial Services Group (1.8%), Renaissancere Holdings Ltd (1.8%), Berkshire Hathaway Inc (1.7%).
What is the FXO expense ratio?
0.65% a year: about $65.00 for every $10,000 invested.
What is the FXO dividend yield?
2.27%. ATLAS does not hold the exact distribution dates for ETFs.
Will FXO go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $63.38 to $67.10 from $64.91 today. It is a probability, not a prediction.
How has FXO performed?
Year to date +4.8%, one year +12.4%, three years +21.0% a year, five years +8.9% a year. Past returns do not guarantee future results.
Similar ETFs: Financials
- State Street Financial Select Sector SPDR ETF (XLF)
- Vanguard Financials Index Fund ETF Shares (VFH)
- Invesco KBW Bank ETF (KBWB)
- iShares U.S. Financials ETF (IYF)
- State Street SPDR S&P Regional Banking ETF (KRE)
- iShares MSCI Europe Financials ETF (EUFN)
- VanEck Preferred Securities ex Financials ETF (PFXF)
- Fidelity MSCI Financials Index ETF (FNCL)
Educational information, not investment advice. Disclaimer