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First Trust Mid Cap Growth AlphaDEX® Fund (FNY)
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Upturn Advisory Summary
12/10/2025: FNY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 27.62% | Avg. Invested days 70 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 12/10/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.28 | 52 Weeks Range 64.50 - 88.56 | Updated Date 06/29/2025 |
52 Weeks Range 64.50 - 88.56 | Updated Date 06/29/2025 |
Upturn AI SWOT
First Trust Mid Cap Growth AlphaDEX® Fund
ETF Overview
Overview
The First Trust Mid Cap Growth AlphaDEXu00ae Fund (FNY) seeks investment results that correspond generally to the price and yield of the NASDAQ AlphaDEXu00ae Mid Cap Growth Index. The fund uses an alpha-seeking methodology to select and weight mid-cap growth stocks.
Reputation and Reliability
First Trust is a well-established ETF issuer with a reputation for innovation and a broad range of thematic and factor-based ETFs.
Management Expertise
First Trust Advisors L.P. has a dedicated team of portfolio managers and analysts with experience in quantitative investing and ETF management.
Investment Objective
Goal
To seek investment results that correspond generally to the price and yield of the NASDAQ AlphaDEXu00ae Mid Cap Growth Index.
Investment Approach and Strategy
Strategy: The fund employs a quantitative methodology to identify and select mid-cap growth stocks based on various growth and value factors.
Composition Primarily invests in a diversified portfolio of mid-cap growth stocks listed on U.S. exchanges.
Market Position
Market Share: FNY's market share within the mid-cap growth ETF segment is moderate, reflecting competition from larger, more established funds.
Total Net Assets (AUM): 262300000
Competitors
Key Competitors
- Vanguard Mid-Cap Growth ETF (VOT)
- iShares Russell Mid-Cap Growth ETF (IWP)
- SPDRu00ae S&Pu00ae MidCap 400 Growth ETF (MDYG)
Competitive Landscape
The mid-cap growth ETF market is highly competitive, with several large players dominating the space. FNY differentiates itself through its AlphaDEXu00ae methodology, which aims to identify undervalued growth stocks. This strategy could potentially outperform traditional market-cap-weighted indexes, but it also introduces the risk of underperformance compared to its competitors.
Financial Performance
Historical Performance: Historical performance can be found on financial websites. Please refer to them directly as numerical values cannot be retrieved live.
Benchmark Comparison: Historical performance can be found on financial websites. Please refer to them directly as numerical values cannot be retrieved live.
Expense Ratio: 0.7
Liquidity
Average Trading Volume
The average trading volume of FNY suggests adequate liquidity for most investors.
Bid-Ask Spread
The bid-ask spread of FNY is generally competitive, indicating reasonable trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rate changes, and investor sentiment towards growth stocks can significantly impact FNY's performance.
Growth Trajectory
FNY's growth is tied to the performance of the mid-cap growth segment of the U.S. equity market and the effectiveness of its AlphaDEXu00ae methodology. Changes to the underlying index or the fund's investment strategy could impact its future performance.
Moat and Competitive Advantages
Competitive Edge
FNY's AlphaDEXu00ae methodology provides a differentiated approach to mid-cap growth investing, potentially offering superior risk-adjusted returns. The quantitative nature of the strategy aims to remove human bias and identify undervalued growth stocks. First Trust's established brand and distribution network also contribute to the fund's competitive edge. However, the effectiveness of the AlphaDEXu00ae strategy is subject to market conditions and the accuracy of the underlying factors.
Risk Analysis
Volatility
FNY's volatility is likely to be comparable to other mid-cap growth ETFs, reflecting the inherent risk of investing in growth stocks.
Market Risk
FNY is subject to market risk, including the risk of a broad market decline and sector-specific risks affecting the fund's underlying holdings.
Investor Profile
Ideal Investor Profile
FNY is suitable for investors seeking exposure to mid-cap growth stocks and who believe in the potential of a quantitatively driven investment strategy.
Market Risk
FNY may be suitable for long-term investors seeking capital appreciation, but it may also be used by active traders seeking to capitalize on short-term market trends.
Summary
The First Trust Mid Cap Growth AlphaDEXu00ae Fund (FNY) offers exposure to a portfolio of mid-cap growth stocks selected using a quantitative methodology. Its AlphaDEXu00ae strategy aims to identify undervalued growth stocks, potentially leading to superior returns. FNY's performance is subject to market conditions and the effectiveness of its investment approach. The fund may be suitable for investors seeking capital appreciation and who are comfortable with the risks associated with mid-cap growth stocks. Before investing, investors should consider the fund's expense ratio and potential tracking error.
Similar ETFs
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be based on individual circumstances and after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Mid Cap Growth AlphaDEX® Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select growth stocks from the NASDAQ US 600 Mid Cap Index TM (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.