FNX 📈 First Trust Mid Cap Core - Overview

The First Trust Mid Cap Core AlphaDEX Fund, listed on the NASDAQ under the ticker symbol FNX, is an exchange-traded fund (ETF) that primarily invests in a portfolio of mid-cap stocks. Typically, the fund allocates at least 90% of its net assets to the securities that make up its underlying index. This index is carefully crafted to identify mid-cap stocks from the NASDAQ US 600 Mid Cap Index that have the potential to outperform traditional market indices, using the proprietary AlphaDEX selection methodology to pinpoint companies that may generate positive alpha, or risk-adjusted returns.

The AlphaDEX methodology is designed to evaluate stocks based on various fundamental growth and value factors, such as price momentum, earnings growth, and sales growth, among others. By applying this methodology, the fund aims to create a portfolio that can potentially deliver superior risk-adjusted returns compared to more conventional mid-cap indices. The fund's investment approach is rules-based, meaning that the stock selection process is systematic and not subject to emotional or discretionary decisions. As a result, the fund's portfolio is regularly rebalanced to ensure that it remains aligned with the underlying index and its investment objectives.

From a structural perspective, the First Trust Mid Cap Core AlphaDEX Fund is a US-domiciled ETF, with the ISIN code US33735B1089. It falls under the mid-cap blend category of ETFs, indicating that its portfolio is composed of a mix of growth and value stocks within the mid-cap universe. For more information about the fund, including its investment strategy, portfolio composition, and performance data, investors can visit the website of the fund's issuer, First Trust Portfolios, at http://www.ftportfolios.com/. This resource provides a wealth of information for investors looking to learn more about the fund and its potential role in a diversified investment portfolio.