# First Trust Mid Cap Growth AlphaDEX Fund (FNY): ETF Facts & Distributions

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- Issuer: First Trust · Asset class: Mid Cap Equity
- Strategy: Passive Index · Inception: 2011-04-19

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 d...

## Key Facts

| Metric | Value |
|---|---|
| Price | $97.87 |
| Expense Ratio | 0.73% |
| Assets Under Management | $547.7M |
| NAV | $97.80 |
| Holdings Count | 225 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Semi-Annual |
| 52-Week Range | $85.09 – $111.06 |
| Beta | 1.20 |

## Latest Distribution

- Amount: $0.0297 /share
- Ex-date: 2025-06-26
- Pay date: 2025-06-30

## Frequently Asked Questions

### 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 $547.7M 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.

### Does FNY pay a dividend?

First Trust Mid Cap Growth AlphaDEX Fund (FNY) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does FNY pay dividends?

First Trust Mid Cap Growth AlphaDEX Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is FNY's dividend yield?

FNY's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is FNY's next ex-dividend date?

The most recently announced ex-dividend date for FNY was 2025-06-26. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page.

### How much will FNY's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.73% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does FNY charge its expense ratio?

The expense ratio is deducted in tiny daily slices from FNY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does FNY cost more than a fund like VOO?

FNY is a passive index fund (current expense ratio 0.73%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM).

### Are there cheaper alternatives to FNY?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FNY (0.73%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/fny
- Distribution history: https://www.dividenddata.com/funds/fny/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/fny/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/fny/expenses
- Peer comparison: https://www.dividenddata.com/funds/fny/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.