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First Trust Mid Cap Growth AlphaDEX® Fund (FNY)
  • 2021 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust Mid Cap Growth AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ AlphaDEX® Mid Cap Growth Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The NASDAQ AlphaDEX® Mid Cap Growth Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Growth Index that meet certain criteria.
  • Nasdaq constructs the NASDAQ AlphaDEX® Mid Cap Growth Index by ranking the eligible stocks from the NASDAQ US 600 Mid Cap Growth Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
  • Each stock receives either its growth or value score as its selection score based on its style designation as determined by Nasdaq. Only those stocks designated as growth stocks are eligible for the portfolio.
  • The top 225 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
TickerFNY
Fund TypeMid Cap Growth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33737M102
ISINUS33737M1027
Intraday NAVFNYIV
Fiscal Year-End07/31
ExchangeNasdaq
Inception4/19/2011
Inception Price$20.17
Inception NAV$20.17
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 11/26/2021)
Closing NAV1$74.31
Closing Market Price2$74.37
Bid/Ask Midpoint$74.33
Bid/Ask Premium0.03%
30-Day Median Bid/Ask Spread30.10%
Total Net Assets$427,304,195
Outstanding Shares5,750,002
Daily Volume11,780
Average 30-Day Daily Volume23,043
Closing Market Price 52-Week High/Low$79.56 / $60.41
Closing NAV 52-Week High/Low$79.60 / $60.44
Number of Holdings (excluding cash)224
Top Holdings (as of 11/26/2021)*
Holding Percent
Avis Budget Group, Inc. 1.78%
SiteOne Landscape Supply, Inc. 0.90%
APA Corporation 0.88%
Houlihan Lokey, Inc. 0.87%
Olin Corporation 0.87%
Synaptics Incorporated 0.87%
Crocs, Inc. 0.84%
Innovative Industrial Properties, Inc. 0.83%
Watts Water Technologies, Inc. 0.83%
Williams-Sonoma, Inc. 0.83%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 10/29/2021)4
Maximum Market Cap.$31,666
Median Market Cap.$7,542
Minimum Market Cap.$2,187
Price/Earnings23.13
Price/Book5.28
Price/Cash Flow14.29
Price/Sales2.93
Bid/Ask Premium/Discount (as of 11/26/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 150 22 10 33
Days Traded at Discount 103 39 53 31
Top Sector Exposure (as of 11/26/2021)
Health Care 18.10%
Information Technology 17.66%
Consumer Discretionary 14.25%
Industrials 13.80%
Financials 10.78%
Real Estate 8.41%
Materials 6.71%
Energy 4.38%
Communication Services 3.02%
Consumer Staples 2.45%
Utilities 0.44%
Hypothetical Growth of $10,000 Since Inception (as of 11/24/2021) *