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First Trust Mid Cap Core AlphaDEX® Fund (FNX)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a 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.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
Investment Objective/Strategy - The First Trust Mid Cap Core 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 fees and expenses, of an equity index called the Nasdaq AlphaDEX® Mid Cap Core Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The 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 Index that meet certain criteria.
  • Nasdaq constructs the Index by ranking the eligible stocks from the Nasdaq US 600 Mid Cap 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.
  • The top 450 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
TickerFNX
Fund TypeMid Cap Core
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33735B108
ISINUS33735B1089
Intraday NAVFNXIV
Fiscal Year-End07/31
ExchangeNasdaq
Inception5/8/2007
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.62%
Net Expense Ratio*0.62%
* As of 12/1/2022
Expenses are capped contractually at 0.70% per year, at least through November 30, 2023. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 12/7/2022)
Closing NAV1$89.79
Closing Market Price2$89.51
Bid/Ask Midpoint$89.74
Bid/Ask Discount0.06%
30-Day Median Bid/Ask Spread30.23%
Total Net Assets$983,243,434
Outstanding Shares10,950,002
Daily Volume39,619
Average 30-Day Daily Volume55,335
Closing Market Price 52-Week High/Low$103.93 / $80.01
Closing NAV 52-Week High/Low$103.83 / $79.91
Number of Holdings (excluding cash)451
Top Holdings (as of 12/7/2022)*
Holding Percent
PVH Corp. 0.54%
Amkor Technology, Inc. 0.51%
Macy's, Inc. 0.49%
United States Steel Corporation 0.49%
Universal Health Services, Inc. (Class B) 0.48%
Alcoa Corporation 0.46%
Commercial Metals Company 0.46%
Academy Sports and Outdoors, Inc. 0.45%
Evercore Inc. 0.44%
Invesco Ltd. 0.44%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 12/8/2022)4$0.2984
30-Day SEC Yield (as of 11/30/2022)51.13%
Unsubsidized 30-Day SEC Yield (as of 11/30/2022)61.13%
12-Month Distribution Rate (as of 11/30/2022)71.14%
Index Yield (as of 11/30/2022)81.75%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$32,829
Median Market Cap.$5,912
Minimum Market Cap.$2,264
Price/Earnings9.18
Price/Book1.97
Price/Cash Flow6.55
Price/Sales0.91
Bid/Ask Premium/Discount (as of 12/7/2022)
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