First Trust Mid Cap Growth AlphaDEX Fund
FNY
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Apr 20, 2011
- CIK
- 0001383496
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that employs a passive management strategy to track the Nasdaq AlphaDEX Mid Cap Growth Index before fees and expenses. The fund selects mid-cap growth stocks from the Nasdaq US 600 Mid Cap Growth Index using the proprietary AlphaDEX stock selection methodology, which emphasizes fundamental factors such as value, momentum, and quality; it then applies a tiered equal-weighting approach across approximately 225 holdings spanning sectors including industrials, information technology, health care, consumer discretionary, financials, materials, communication services, energy, consumer staples, utilities, and real estate. Top holdings as of late 2025 include AST SpaceMobile Inc., Bloom Energy Corp., Symbotic Inc., Rigetti Computing Inc., and MP Materials Corp., with assets under management exceeding $465 million, a net expense ratio of 0.70%, and a dividend yield around 0.51%. Launched on April 19, 2011, and listed on the Nasdaq, FNY is issued and managed by First Trust Advisors L.P., a privately-held registered investment adviser founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee. The fund targets investors seeking exposure to U.S. mid-cap growth equities in developed North American markets, mitigating company-specific risk through broad diversification while focusing on enhanced alpha generation via its systematic index methodology. In recent developments, First Trust Advisors L.P. has pursued strategic reorganizations and product enhancements, including the June 2025 completion of the merger of First Trust Specialty Finance and Financial Opportunities Fund into the FT Confluence BDC & Specialty Finance Income ETF, aimed at expanding actively managed ETF offerings; additional proposed reorganizations of Vest-advised target outcome funds into new First Trust series funds were approved in October 2025 to streamline operations and improve investor access. The adviser also announced fee waivers for certain fixed-income funds effective January 2026 and regular distributions across 156 ETFs in December 2025, reflecting ongoing portfolio management adjustments amid a regulatory landscape that included a $10 million FINRA fine in November 2025 for non-cash compensation violations. These changes underscore First Trust's focus on operational efficiency and product innovation without direct impact on FNY's core mid-cap growth strategy.