FXL ETF — First Trust Technology AlphaDEX Fund

First Trust Technology AlphaDEX Fund (FXL)

Updated October 16, 2026.

FXL is an ETF. its distribution rate is 0.02%, its expense ratio is 0.60%. Dividend Vision Distribution Safety Score™ is 46/100 (Caution). Total return is 1012.9% over the past 19.4 years, 384.3 points ahead of SPY at 628.6%.

First Trust Technology AlphaDEX Fund is an ETF that invests at least ninety percent of its assets in technology stocks selected from the Russell 1000® Index using the AlphaDEX® methodology, which aims to identify stocks with potential for positive alpha relative to traditional passive indices through an equal-dollar weighted approach. The fund carries an expense ratio of 0.60% and distributes quarterly with a minimal current distribution rate. It appeals to investors seeking equity exposure to large-cap technology companies through a factor-based selection strategy.

FXL performance versus SPY

Price and return data through 2026-10-16.

Total return is 1012.9% over the past 19.4 years, 384.3 points ahead of SPY at 628.6%. Over the past year its total return — price change plus distributions reinvested — is 26.8%. Its deepest 1-year drawdown was 15.2%.

FXL key facts

Distribution Safety Score™

46 · Caution

Safety-Adjusted Yield

0.01%

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

05/08/2007

Expense ratio

0.60%

Distribution rate

0.02%

Distribution frequency

Quarterly

Last close

$212.27 (as of 2026-10-16)

AUM

$2,939,846,371

Average volume

61925.0

Dividend

$0.01

Ex-dividend date

09/25/2025

Payment date

09/30/2025

Beta

1.44

How Dividend Vision calculates yield and returns

Distribution rate (0.02%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FXL risks and drawbacks

FXL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 15.2%.

Who may consider FXL — and who may not

It is a weaker fit for investors who need monthly cash flow (FXL pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on FXL

• All tickers starting with F

Tagged: Technology.

Frequently asked questions

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