First Trust Mid Cap Growth AlphaDEX Fund

Frequently Asked Questions About FNY

What does FNY invest in?

First Trust Exchange-Traded AlphaDEX Fund - First Trust Mid Cap Growth AlphaDEX Fund is an exchange traded fund launched and managed by First Trust Advisors LP. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth stocks of mid-cap companies. It seeks to track the performance of the Nasdaq AlphaDEX Mid Cap Growth Index, by using full replication technique. First Trust Exchange-Traded AlphaDEX Fund - First Trust Mid Cap Growth AlphaDEX Fund was formed on April 19, 2011 and is domiciled in the United States.

What is the expense ratio of FNY?

First Trust Mid Cap Growth AlphaDEX Fund (FNY) charges an expense ratio of 0.73%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FNY?

First Trust Mid Cap Growth AlphaDEX Fund (FNY) manages $581.3M 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 FNY actively managed or an index fund?

FNY is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FNY's is 0.73%) because there's no security selection cost.

When was FNY launched?

First Trust Mid Cap Growth AlphaDEX Fund (FNY) launched in April 2011 and is managed by First Trust.

How has FNY performed?

FNY'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.