First Trust United Kingdom AlphaDEX UCITS ETF (FKUD.L)

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This fund operates as a passively managed investment vehicle, striving to deliver a comprehensive total return to its investors, comprising both capital growth and income. Its objective is to closely mirror the performance of the NASDAQ AlphaDEX United Kingdom Index, before factoring in any associated fees and costs. The underlying Index itself employs a modified equal-weighting approach and utilizes a distinctive AlphaDEX methodology for stock selection. This systematic process objectively identifies and chooses equities from the broader NASDAQ United Kingdom Index by assessing fundamental growth and value criteria, with the strategic aim of achieving superior returns, or "alpha," compared to traditional passively managed benchmarks.