First Trust Developed Markets Ex-US AlphaDEX Fund(NASDAQ:FDT)

FDT employs a rather involved strategy in an attempt to deliver market-beating performance. It focuses on the ex-US space and scores each security twice, by both growth and value characteristics, assigning whatever score is highest as the stock's style score. It then takes the top 300 stocks and breaks them into quintiles, giving higher-scoring quintiles greater weight in the index. The fund does set constraints on geographic weighting. FDT is reconstituted and rebalanced semi-annually. On November 1, 2020, First Trust consolidated four single country funds into FDT: First Trust Australia AlphaDex Fund (FAUS), First Trust Canada AlphaDex Fund (FCAN), First Trust Hong Kong AlphaDex Fund (FHK) and First Trust South Korea AlphaDex Fund (FKO).