ATLASFirst Trust Materials AlphaDEX Fund (FXZ): outlook, holdings and fees
First Trust Materials AlphaDEX Fund (FXZ) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.65% and the yield is 1.32%. The ten largest holdings are 44% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FXZ
| Last price | $75.65 (+1.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $73.07 – $78.91 |
| Normal 1-day range (±1σ) | ±1.3% |
| Distribution yield | 1.32% |
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.
FXZ fund facts
| Issuer | First Trust |
|---|---|
| Theme | Materials & mining |
| Assets under management | $372M |
| Expense ratio | 0.65% |
| Number of holdings | 39 |
| Portfolio turnover | 0% |
| Inception | May 8, 2007 |
| Exchange | NYSE |
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.
FXZ top holdings
| Holding | Sector | Weight |
|---|---|---|
| Aura Minerals Inc ORA | Basic Materials | 5.60% |
| Steel Dynamics Inc STLD | Basic Materials | 5.18% |
| Southern Copper Corporation SCCO | Basic Materials | 4.77% |
| Newmont Goldcorp Corp NEM | Basic Materials | 4.96% |
| Alcoa Corp AA | Basic Materials | 4.78% |
| AngloGold Ashanti plc AU | Basic Materials | 4.65% |
| CF Industries Holdings Inc CF | Basic Materials | 4.36% |
| Nucor Corp NUE | Basic Materials | 3.54% |
| Hecla Mining Company HL | Basic Materials | 3.23% |
| Mueller Industries Inc MLI | Industrials | 3.20% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FXZ sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 82.6% |
| Industrials | 13.9% |
| Consumer Cyclicals | 3.5% |
By region: North America 100.0%.
FXZ returns and risk
| Year to date | +21.3% |
|---|---|
| 1 year | +27.7% |
| 3 years (annualised) | +10.0% |
| 5 years (annualised) | +7.8% |
| 10 years (annualised) | +10.4% |
| Volatility (3 years) | 19.8% |
| Sharpe ratio (3 years) | 0.30 |
Past returns do not guarantee future results.
FXZ: frequently asked questions
What does FXZ invest in?
First Trust Materials AlphaDEX Fund invests in a portfolio of securities. Its largest holdings are Aura Minerals Inc (5.6%), Steel Dynamics Inc (5.2%), Southern Copper Corporation (4.8%), Newmont Goldcorp Corp (5.0%), Alcoa Corp (4.8%).
What is the FXZ expense ratio?
0.65% a year: about $65.00 for every $10,000 invested.
What is the FXZ dividend yield?
1.32%. ATLAS does not hold the exact distribution dates for ETFs.
Will FXZ go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $73.07 to $78.91 from $75.65 today. It is a probability, not a prediction.
How has FXZ performed?
Year to date +21.3%, one year +27.7%, three years +10.0% a year, five years +7.8% a year. Past returns do not guarantee future results.
Similar ETFs: Materials & mining
- State Street Materials Select Sector SPDR ETF (XLB)
- SPDR S&P Metals & Mining ETF (XME)
- Vanguard Materials Index Fund ETF Shares (VAW)
- abrdn Physical Precious Metals Basket Shares ETF (GLTR)
- iShares MSCI Global Metals & Mining Producers ETF (PICK)
- VanEck Rare Earth and Strategic Metals ETF (REMX)
- iShares U.S. Basic Materials ETF (IYM)
- Fidelity MSCI Materials Index ETF (FMAT)
Educational information, not investment advice. Disclaimer