First Trust Canada AlphaDEX Fund (FCAN) Research
The primary objective of this fund is to achieve investment results that generally mirror the price appreciation and income yield (prior to the deduction of fund fees and expenses) of the NASDAQ AlphaDEX Canada Index. Typically, the fund allocates a minimum of 90% of its net assets (which may include investment borrowings) to the common stocks, depositary receipts, real estate investment trusts (REITs), and preferred shares that constitute this index. The NASDAQ AlphaDEX Canada Index is specifically designed to choose securities from the broader NASDAQ Canada Index (the "base index") that are expected to generate positive alpha, or enhanced risk-adjusted returns, when measured against conventional indices. This selection process is driven by the unique AlphaDEX methodology.
Market snapshot
- Symbol
- FCAN
- Price
- $20.71
- Day change
- -0.17%
- Market cap
- $3.1M
- 52-week range
- 11.9-25.3
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- EA Series Trust ARK 21Shares Ac (ARKY)
- Optica Rare Earths & Critical Materials ETF (CRIT)
- First Trust Australia AlphaDEX Fund (FAUS)
- First Trust Hong Kong AlphaDEX Fund (FHK)
- iShares Currency Hedged JPX-Nikkei 400 ETF (HJPX)
- iShares Virtual Work and Life Multisector ETF (IWFH)
- TrueShares Structured Outcome (November) ETF (NVMZ)
- Hartford Multifactor REIT ETF (RORE)
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