First Trust Mid Cap Growth AlphaDEX Fund
$99.84−1.11 (−1.10%)
- Expense ratio
- 0.73%
- Fund size
- $568M
- 1Y return
- +9.5%
- Yield · Last 12 months
- 0.00%
- Holdings
- 224
- Volume · 30D
- 0M sh
- NAV per share
- $100.48
- 52W range
The ETF.net FNY Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 10Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 80Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 16Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on FNY
CMost 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.
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 Holdings
- Stocks
- 224
- 9%
- ZETA
Sectors
- Health Care22.9%
- Industrials20.1%
- Technology19.1%
- Consumer Discr.13.7%
- Financials9.6%
- Real Estate6.3%
- Cons. Staples2.7%
- Communication2.5%
- Materials1.5%
- Energy1.4%
- Utilities0.3%
Geography
- United States99.27%
- United Kingdom0.55%
- Ireland0.18%
FNY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FNY |
|---|---|
| Year to date | +10.7% |
| 1 month | −3.9% |
| 3 months | −7.2% |
| 1 year | +9.5% |
| 3 years | +19.1% |
| 5 years | +6.4% |
| 10 years | +12.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FNY |
|---|---|---|
| 2026 YTD | +10.7% | |
| 2025 | +14.0% | |
| 2024 | +18.1% | |
| 2023 | +21.1% | |
| 2022 | −23.8% | |
| 2021 | +13.5% | |
| 2020 | +37.0% |
FNY in the news
ETF.net Research hasn’t filed on FNY yet — coverage lands here as it’s written.
FNY Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 26, 2025 | Jun 30, 2025 | $0.03 |
| Dec 13, 2024 | Dec 31, 2024 | $0.14 |
| Sep 26, 2024 | Sep 30, 2024 | $0.31 |
| Dec 22, 2023 | Dec 29, 2023 | $0.06 |
| Jun 27, 2023 | Jun 30, 2023 | $0.02 |
| Mar 24, 2023 | Mar 31, 2023 | $0.08 |
| Dec 23, 2022 | Dec 30, 2022 | $0.11 |
| Sep 23, 2022 | Sep 30, 2022 | $0.02 |
| Dec 24, 2020 | Dec 31, 2020 | $0.07 |
| Sep 24, 2020 | Sep 30, 2020 | $0.09 |
| Mar 26, 2020 | Mar 31, 2020 | $0.004 |
| Dec 13, 2019 | Dec 31, 2019 | $0.11 |
FNY Risk
- 19.7%
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.
- 0.67
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.
- −33.9%
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.
- 1.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FNY Cost
- The middle half of US Mid-Cap funds
- Median 0.15%
11 of the 13 US Mid-Cap funds charge less.