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Launched · SEC filings

First Trust Mid Cap Growth AlphaDEX Fund

FNYNasdaqFirst TrustD

$97.42−0.59 (−0.60%)

At close: Nov 2, 2026, 4:00 PM ET

D39/ 100

Rank 12 of 13 in US Mid-Cap

D39/100Rank 12 of 13inUS Mid-Cap
Intraday session: down, 79 prints from 98.01 to 97.42. Range 97.42 to 99.31. Use the arrow keys to read each point.98.5099.0010 AM12 PM2 PM4 PM
Expense ratio
0.73%
Fund size
$549M
1Y total return
+5.3%
Yield · Last 12 months
0.00%
Holdings
227
Avg volume · 30D
20.7K sh
52W range
low $85.09high $111.06
Launched
Filings
SEC EDGAR

The ETF.net FNY Grade

D

Score 39 out of 100

Category
US Mid-Cap⁠
Rank
12 of 13
Six-pillar profile for FNY. Scores out of 100: Cost 10, Risk 13, Mission 79, Tradability 51, Holdings 50, Durability 55. Strongest: Mission (79). Weakest: Cost (10). Leans toward Mission.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 12 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A79 out of 100
    Rank 10 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F13 out of 100
    Rank 13 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 7 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 8 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 6 of 13

Our read on FNY

ETF.net Research

In short

DMost mid-cap funds just own the market. FNY runs Nasdaq's AlphaDEX screen instead: rank mid-cap growth names, cut the weakest, weight by score rather than size. A quant stock-picker in index clothing.

Stated mandate

The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Mid Cap Growth Index. It uses an indexing approach, normally investing at least 90% of net assets in securities comprising that index.

Why people hold it

  • AlphaDEX scores mid-cap names on growth and value measures, drops the low scorers, then weights survivors by rank, not market cap. Deliberately different from a cap-weighted index.ftportfolios.com
  • Spreads the bet across roughly 200-plus mid-cap stocks, with at least 90% of net assets in index constituents.
  • Trading since 2011, so this screen has a long public record across several market cycles.

Worth knowing

  • At 0.73% a year the fee sits well above the mid-cap peer median near 0.15%; cap-weighted rivals VO and SCHM charge 0.03%. The screen has that hurdle to clear.
  • Thinly traded next to the mid-cap giants, so bid-ask spreads and order slippage matter more here.
  • Rank weighting tilts toward smaller, higher-momentum names, so results can diverge widely from a standard mid-cap index, in either direction.ftportfolios.com

FNY Performance

Launched Apr 19, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FNY$10,534
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FNY $10,534. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FNY. Periods over one year show the average yearly return.
PeriodFNY
Year to date+7.5%
1 month−0.8%
3 months−4.2%
1 year+5.3%
3 yearsper year+20.6%
5 yearsper year+5.4%
10 yearsper year+13.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FNY
YearReturn barFNY
2026 YTD+7.5%
2025+14.0%
2024+18.1%
2023+21.1%
2022−23.8%

FNY in the news

FNY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 21 payments from 2016 to 2025. Mar 23, 2016 $0.02; Jun 22, 2016 $0.03; Sep 21, 2016 $0.03; Dec 21, 2016 $0.12; Jun 22, 2017 $0.03; Sep 21, 2017 $0.007; Dec 21, 2017 $0.05; Dec 18, 2018 $0.02; Sep 25, 2019 $0.02; Dec 13, 2019 $0.11; Mar 26, 2020 $0.004; Sep 24, 2020 $0.09; Dec 24, 2020 $0.07; Sep 23, 2022 $0.02; Dec 23, 2022 $0.11; Mar 24, 2023 $0.08; Jun 27, 2023 $0.02; Dec 22, 2023 $0.06; Sep 26, 2024 $0.31; Dec 13, 2024 $0.14; Jun 26, 2025 $0.03. Use the arrow keys to read each point.2016201720182019202020212022202320242025
Ex-datePay dateAmount per share
Jun 26, 2025Jun 30, 2025$0.03
Dec 13, 2024Dec 31, 2024$0.14
Sep 26, 2024Sep 30, 2024$0.31
Dec 22, 2023Dec 29, 2023$0.06
Jun 27, 2023Jun 30, 2023$0.02
Mar 24, 2023Mar 31, 2023$0.08
Dec 23, 2022Dec 30, 2022$0.11
Sep 23, 2022Sep 30, 2022$0.02
Dec 24, 2020Dec 31, 2020$0.07
Sep 24, 2020Sep 30, 2020$0.09
Mar 26, 2020Mar 31, 2020$0.004
Dec 13, 2019Dec 31, 2019$0.11

See all 34 payments⁠

$10,000 in FNY 10 years ago paid $451 in dividends.⁠

FNY Risk

Risk pillarF13 out of 100Rank 13 of 13 in US Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
18.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.86
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−33.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.20
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FNY Cost

Compare FNY and VO

Overpaying vs VO, tied cheapest in US Mid-Cap

$13,495

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FNY 0.73%

    $14,133

  • VO 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FNY 0.73%
  • VO 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FNY $14,133VO $638

Year by year

YearFNYVOOverpaying
10$1,302$55$1,247
20$4,952$216$4,736
30$14,133$638$13,495

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