First Trust Mid Cap Core AlphaDEX Fund

Frequently Asked Questions About FNX

What does FNX invest in?

The First Trust Mid Cap Core AlphaDEX Fund operates as an exchange-traded fund (ETF) whose main goal is to mirror the overall performance—encompassing both capital appreciation and income—of the Nasdaq AlphaDEX Mid Cap Core Index. This tracking is measured before the deduction of any fees or expenses.

What is the expense ratio of FNX?

First Trust Mid Cap Core AlphaDEX Fund (FNX) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FNX?

First Trust Mid Cap Core AlphaDEX Fund (FNX) manages $1.39B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FNX actively managed or an index fund?

FNX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FNX launched?

First Trust Mid Cap Core AlphaDEX Fund (FNX) launched in May 2007 and is managed by First Trust.

How has FNX performed?

FNX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.