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First Trust Mid Cap Core AlphaDEX® Fund (FNX)
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.
  • The NASDAQ AlphaDEX® Mid Cap Core 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 NASDAQ AlphaDEX® Mid Cap Core 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
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*0.60%
Net Expense Ratio*0.60%
* As of 12/1/2020
Expenses are capped contractually at 0.70% per year, at least until November 30, 2021.
Current Fund Data (as of 6/11/2021)
Closing NAV1$101.09
Closing Market Price2$101.22
Bid/Ask Midpoint$101.11
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$1,046,321,126
Outstanding Shares10,350,002
Daily Volume20,763
Average 30-Day Daily Volume24,157
Closing Market Price 52-Week High/Low$101.56 / $59.97
Closing NAV 52-Week High/Low$101.47 / $60.04
Number of Holdings (excluding cash)450
Top Holdings (as of 6/11/2021)*
Holding Percent
AMC Entertainment Holdings, Inc. (Class A) 1.33%
Santander Consumer USA Holdings Inc. 0.49%
Crocs, Inc. 0.46%
Dick's Sporting Goods, Inc. 0.45%
Ovintiv Inc. 0.45%
Tenet Healthcare Corporation 0.45%
Olin Corporation 0.44%
Steel Dynamics, Inc. 0.44%
MasTec, Inc. 0.43%
American Financial Group, Inc. 0.42%

* 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 6/13/2021)4$0.0128
30-Day SEC Yield (as of 5/28/2021)50.78%
Unsubsidized 30-Day SEC Yield (as of 5/28/2021)60.78%
12-Month Distribution Rate (as of 5/28/2021)70.79%
Index Yield (as of 5/28/2021)81.49%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 5/28/2021)10
Maximum Market Cap.$35,264
Median Market Cap.$6,982
Minimum Market Cap.$1,155
Price/Earnings17.32
Price/Book2.46
Price/Cash Flow11.69
Price/Sales1.67
Bid/Ask Premium/Discount (as of 6/11/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 54 44 42 ---
Days Traded at Discount 199 17 8 ---
Top Sector Exposure (as of 6/11/2021)
Financials 18.43%
Industrials 15.21%
Consumer Discretionary 13.98%
Information Technology 11.01%
Health Care 9.86%
Real Estate 7.43%
Materials 7.19%
Consumer Staples 5.04%
Utilities 5.00%
Energy 3.46%
Communication Services 3.39%
Hypothetical Growth of $10,000 Since Inception (as of 6/11/2021) *