First Trust Mid Cap Core AlphaDEX Fund
FNX
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- May 10, 2007
- CIK
- 0001383496
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that seeks investment results corresponding to the Nasdaq AlphaDEX Mid Cap Core Index, employing a proprietary quantitative AlphaDEX stock selection methodology to invest in mid-cap U.S. equities selected based on both growth and value factors; the fund normally invests at least 90% of its net assets plus any borrowings for investment purposes in common stocks and depositary receipts that comprise the index, which ranks securities from the NASDAQ US 600 Mid Cap Index using multiple investment factors and applies tiered equal weighting to the top 75% with quarterly reconstitution and rebalancing. The fund exhibits a perpetual small-cap tilt alongside sector biases, contributing to elevated market risk, and discloses approximately 455 holdings with total portfolio value exceeding $1.1 billion as of recent SEC filings, including top positions in Bloom Energy Corporation, Invesco Ltd., Hims & Hers Health, Inc., Talen Energy Corporation, and Rocket Lab Corporation, alongside new positions such as Sterling Infrastructure, Inc., AST SpaceMobile, Inc., Rubrik, Inc., Tempus AI, Inc., and Waystar Holding Corp. Launched on May 8, 2007 and listed on the Nasdaq, FNX is managed by First Trust Advisors L.P., a registered investment adviser founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee. In April 2016, the fund transitioned its underlying benchmark from the Defined Mid Cap Core Index to the Nasdaq AlphaDEX Mid Cap Core Index, reflecting a methodological evolution while maintaining the core factor-based selection process; more recently, First Trust Advisors L.P. announced distributions for 156 exchange-traded funds including FNX on December 12, 2025, alongside a dividend declaration with an indicated gross yield of approximately 0.60% to 1.2% and recent per-share payments such as $0.1937, amid ongoing quarterly portfolio adjustments evidenced by new holdings and fund flows showing net outflows of $158 million over the past year. The fund, targeting individual investors, financial advisors, and institutions focused on mid-cap blend exposure, primarily operates in the U.S. equity market without noted subsidiaries, parent entities, or major acquisitions, partnerships, or strategic expansions in the last 1-2 years beyond routine index rebalancing and distribution activities.