FNY
First Trust Mid Cap Growth AlphaDEX Fund
First Trust Mid Cap Growth AlphaDEX Fund seeks investment results that correspond to the Defined Mid Cap Growth Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
373.0 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2011 |
| Assets (mns) | $373 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AFFIRM HOLDINGS, INC. CLASS A | 1.2 % |
| SOFI TECHNOLOGIES INC | 1.2 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 1.0 % |
| SPROUTS FARMERS MARKET INC | 0.9 % |
| Q2 HOLDINGS INC | 0.9 % |
| NATERA INC | 0.9 % |
| HIMS & HERS HEALTH, INC. CLASS A | 0.9 % |
| BOFI HOLDING INC | 0.9 % |
| ALLISON TRANSMISSION HOLDING | 0.8 % |
| LEONARDO DRS, INC. | 0.8 % |
Constituent Breakdown
| Number of holdings | 226 |
| Herfindahl-Hirschman Index | 57 |
| Wgt avg mkt cap (mns) | $9,416 |
| Large cap (>$10bn) | 32.9% |
| Mid cap ($2-10bn) | 64.4% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.9% | 37.4% | 18.4% | 5.5% | 12.4% | 11.5% | 11.1% | Volatility | 17.7% | 18.1% | 18.7% | 22.6% | 25.4% | 21.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 84% |
| MSCI EAFE | 1.06 | 61% |
| MSCI Emg Mkts | 0.70 | 26% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $20,884 |
Technical Indicators
| Recent close | $81.08 |
| 30d moving avg. | $86.20 |
| Annualized volatility | 23.5% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 1.4% |
| Short interest (underlying) | 6.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FNY |
Expenses vs. FNY |
ALTAR Score™ vs. FNY |
|---|---|---|---|---|
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 42.5% | -10 bp | +4.3% |
| ISCG | iShares Morningstar Small-Cap Growth ETF | 34.0% | -64 bp | -0.6% |
| SFYX | SoFi Next 500 ETF | 31.7% | -70 bp | +2.0% |
| VBK | Vanguard Small-Cap Growth ETF | 30.1% | -63 bp | -1.8% |
| STXM | Strive Mid-Cap ETF | 29.7% | -52 bp | +3.4% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 29.7% | -53 bp | +3.1% |
| MMSC | First Trust Multi-Manager Small Cap Opportunities ETF | 29.3% | +25 bp | -2.0% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 29.2% | -55 bp | +3.1% |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 29.0% | -6 bp | -1.0% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 29.0% | -55 bp | +3.1% |
Risk and Returns: FNY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FNY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FNY
2.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FNY's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places FNY in the 15th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FNYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FNY (70 bp) Percentile rank | 77 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FNY | 70.0 | 13.0 | 83 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .