First Trust Latin America AlphaDEX Fund
1.23 %
-18.03 %
Yet to be announced
Company Overview
First Trust Latin America AlphaDEX Fund is an exchange-traded fund (ETF) that seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ AlphaDEX® Latin America Index. The fund invests at least 90% of its net assets in securities that comprise the index, which is designed to select stocks from the NASDAQ Latin America Index that may generate positive alpha relative to traditional passive-style indices.
The fund primarily invests in securities from Latin American countries including Brazil, Chile, Mexico, and Peru. The investment approach uses the AlphaDEX® selection methodology to select stocks from the NASDAQ Latin America Index that may generate positive alpha.
Revenue Sources
PassAs an ETF tracking Latin American stocks, FLN's core business model involves investing in equity securities based on a rules-based methodology. The fund does not directly engage in any haram business activities. While some underlying holdings may have exposure to non-compliant activities, the fund's primary function of facilitating investment in Latin American equities is permissible.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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As an ETF, FLN does not typically engage in interest-bearing activities as part of its core operations. The fund's primary source of returns comes from capital appreciation and dividends from its equity holdings rather than interest income. Any incidental interest from cash management activities would be immaterial to the fund's overall operations.
Operational Ethics
PassBased on available information, FLN invests primarily in Latin American markets and does not have any direct ongoing associations with Israel or the Chinese Communist Party. The fund's geographic focus is specifically on Latin American countries.
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