FNX
First Trust Mid Cap Core AlphaDEX Fund
📎 Investment Objective
The First Trust Mid Cap Core AlphaDEX Fund (FNX) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ AlphaDEX® Mid Cap Core Index.
Overview
ETF tracking First Trust Mid Cap Core AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Mid Cap Core AlphaDEX Fund (FNX) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ AlphaDEX® Mid Cap Core Index.
🎯 Investment Strategy
The fund uses an 'AlphaDEX' stock selection methodology to identify mid-cap stocks that the fund's advisor believes have the greatest potential for capital appreciation. The fund invests in the stocks included in the underlying index in approximately the same proportions as the index.
✨ Key Features
- Focuses on mid-cap stocks with growth potential as identified by the AlphaDEX methodology
- Passively tracks the NASDAQ AlphaDEX® Mid Cap Core Index
- Diversified portfolio of mid-cap stocks across multiple sectors
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the fund's holdings may decline due to general market conditions
- Mid-cap stock risk: Investments in mid-cap companies may be subject to more abrupt or erratic market movements
- Index tracking risk: The fund may not perfectly track the underlying index
- Sector concentration risk: The fund may be more heavily weighted in certain sectors, which could negatively impact performance
👤 Best For
This ETF may be suitable for investors seeking exposure to a diversified portfolio of mid-cap stocks with the potential for capital appreciation. It may be appropriate as a core holding or satellite position in a broader investment portfolio.