The First Trust Utilities AlphaDEX® Fund (FXU) aims to allocate at least 90% of its net assets-including any investment borrowings-to the securities that compose its underlying index. This index is a modified equal-dollar weighted construct that selects Russell 1000 utilities stocks using the AlphaDEX® methodology, seeking to capture positive alpha relative to traditional passive utility benchmarks.
As of the latest filing (Feb 2026), FXU holds roughly $1.3 billion in assets under management, carries an expense ratio of 0.65%, and delivers a 30-day SEC yield of 2.48%. The fund’s year-to-date total return stands at +4.1%, outperforming the broader Utilities Select Sector SPDR (XLU) which is up about +2.9% over the same period. Key sector drivers include sustained growth in electricity demand (projected 1.8% annual increase through 2028), accelerated capital spending on renewable generation (U.S. utilities announced $150 billion in new clean-energy investments in 2025), and evolving regulatory frameworks that are increasingly favoring rate-case approvals for grid modernization.
For deeper insight, you might explore ValueRay’s analytical tools.