Key stats
About First Trust Mid Cap Core AlphaDEX Fund
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Inception date
May 8, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FNX attempts to improve upon the results NASDAQ US 600 Mid Cap index (the parent index) by rescreening each security twice, by both growth and value characteristics assigning whatever score is highest as the stock's style score. The underlying index selects 450 stocks by factors such as recent price appreciation, price/sales, sales growth, price/book value, price/cash flow and return on assets. The stocks are ranked, and then tiered equal-weighting is applied to the top 75% of securities. Its weighting scheme leads to a perpetual small-cap tilt, which along with sector biases, raises the fund's market risk. The index is reconstituted and rebalanced quarterly. Prior to April 8, 2016 the fund tracked the Defined index, which had a slightly different universe but had the same factors and methodology.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.92%
Finance20.48%
Producer Manufacturing8.88%
Technology Services8.68%
Electronic Technology6.70%
Retail Trade5.72%
Consumer Services5.00%
Industrial Services4.96%
Consumer Durables4.69%
Process Industries4.62%
Energy Minerals4.43%
Consumer Non-Durables4.37%
Utilities4.11%
Health Technology3.51%
Transportation3.18%
Health Services3.03%
Commercial Services2.32%
Distribution Services2.17%
Non-Energy Minerals2.12%
Communications0.94%
Bonds, Cash & Other0.08%
Mutual fund0.08%
Cash0.00%
Stock breakdown by region
North America98.70%
Europe1.30%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FNX invests in stocks. The fund's major sectors are Finance, with 20.48% stocks, and Producer Manufacturing, with 8.88% of the basket. The assets are mostly located in the North America region.
FNX top holdings are Rocket Lab Corporation and Upstart Holdings, Inc., occupying 0.49% and 0.43% of the portfolio correspondingly.
FNX last dividends amounted to 0.27 USD. The quarter before, the issuer paid 0.26 USD in dividends, which shows a 4.12% increase.
FNX assets under management is 1.12 B USD. It's risen 1.94% over the last month.
FNX fund flows account for −95.65 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FNX pays dividends to its holders with the dividend yield of 1.25%. The last dividend (Jun 30, 2025) amounted to 0.27 USD. The dividends are paid quarterly.
FNX shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 8, 2007, and its management style is Passive.
FNX expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
FNX follows the NASDAQ AlphaDEX Mid Cap Core Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNX invests in stocks.
FNX price has risen by 5.07% over the last month, and its yearly performance shows a 2.65% increase. See more dynamics on FNX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.99% over the last month, showed a 16.49% increase in three-month performance and has increased by 2.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.99% over the last month, showed a 16.49% increase in three-month performance and has increased by 2.93% in a year.
FNX trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.