From Nasdaq Inc.: 2024-05-29 06:20:06

The First Trust Mid Cap Core AlphaDEX ETF (FNX) was launched on 05/08/2007, offering exposure to the Style Box – Mid Cap Blend category. FNX is managed by First Trust Advisors and seeks to match the performance of the Nasdaq AlphaDEX Mid Cap Core Index, with operating expenses at 0.60%. It has added 5.77% YTD and 25.65% over the last 12 months. Top holdings include Microstrategy, Vertiv Group, and Carvana Co.

Investors have options like the Vanguard Mid-Cap ETF (VO) and iShares Core S&P Mid-Cap ETF (IJH) with expense ratios of 0.04% and 0.05%, respectively. FNX, with an expense ratio of 0.60%, may be a higher cost option, but has outperformed with a 25.65% return over the last 12 months. Investors should consider cheaper and lower-risk traditional market cap weighted ETFs for Style Box – Mid Cap Blend.

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Read more at Nasdaq.: Is First Trust Mid Cap Core AlphaDEX ETF (FNX) a Strong ETF Right Now?