FNY
First Trust Mid Cap Growth AlphaDEX Fund
📎 Investment Objective
The First Trust Mid Cap Growth AlphaDEX Fund (FNY) 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 Growth Index.
Overview
ETF tracking First Trust Mid Cap Growth AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Mid Cap Growth AlphaDEX Fund (FNY) 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 Growth Index.
🎯 Investment Strategy
The fund employs an 'AlphaDEX®' stock selection methodology to identify mid-cap growth stocks that the fund's index provider believes have the greatest potential for capital appreciation. The fund will normally invest at least 90% of its net assets in the stocks that comprise the underlying index.
✨ Key Features
- Focuses on mid-cap growth stocks with potential for capital appreciation
- Utilizes a proprietary stock selection methodology to identify promising companies
- Diversified portfolio of mid-cap stocks across multiple sectors
- Passively managed to track the performance of the underlying index
⚠️ Primary Risks
- Market risk: The value of the fund's shares will fluctuate with changes in the value of the securities in which the fund invests.
- Mid-cap risk: Stocks of mid-cap companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies.
- Growth investing risk: Growth stocks may be more volatile than other stocks because they are more sensitive to investor perceptions of the issuing company's growth potential.
- Indexing risk: The performance of the fund may not match the performance of the index for a variety of reasons.
👤 Best For
The First Trust Mid Cap Growth AlphaDEX Fund may be suitable for investors seeking exposure to a diversified portfolio of mid-cap growth stocks with the potential for capital appreciation. Investors should have a medium to long-term investment horizon and be willing to accept the volatility associated with the mid-cap growth segment of the market.