FXL is a smart beta technology ETF managed by First Trust Advisors with $2.94 billion in assets. It tracks the StrataQuant Technology Index using an equal-dollar weighted strategy to identify stocks with positive alpha potential.
With a 0.60% expense ratio, 111 holdings, and a beta of 1.26, FXL has returned 36.95% year-to-date and 34.07% over the past year. The fund is heavily concentrated in Information Technology (86.9%) with top holdings including Cognizant Technology Solutions, EPAM Systems, and Leidos Holdings.