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Should You Invest in the First Trust Materials AlphaDEX ETF (FXZ)?Zacks Investment Research · Aug 11, 2026The First Trust Materials AlphaDEX Fund functions as an exchange-traded fund (ETF). Its primary objective is to deliver investment performance that broadly tracks the total return (encompassing both price changes and dividend income) of a particular equity benchmark, specifically, the StrataQuant Materials Index, prior to factoring in any management fees and operating expenses.