Key stats
About First Trust Mid Cap Core AlphaDEX Fund
Expense ratio
0.60%
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Inception date
May 8, 2007
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
Stocks99.85%
Finance24.00%
Technology Services8.15%
Producer Manufacturing7.91%
Energy Minerals6.89%
Retail Trade6.53%
Health Technology5.39%
Utilities4.51%
Consumer Non-Durables4.27%
Electronic Technology3.88%
Industrial Services3.87%
Consumer Services3.68%
Consumer Durables3.53%
Process Industries3.32%
Distribution Services3.14%
Commercial Services3.02%
Non-Energy Minerals2.92%
Health Services2.42%
Transportation2.10%
Communications0.31%
Bonds, Cash & Other0.15%
Mutual fund0.15%
Miscellaneous−0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history