From Nasdaq MarketSite: 2024-05-30 06:20:05

The First Trust Mid Cap Core AlphaDEX ETF (FNX) was launched on 05/08/2007, offering exposure to the Mid Cap Blend segment of the US equity market. Sponsored by First Trust Advisors, the fund has over $1.16 billion in assets and carries an expense ratio of 0.60%.

Mid Cap companies, ranging from $2 billion to $10 billion in market capitalization, offer lower risk and growth opportunities. FNX holds a mix of growth and value stocks, with sector exposure highest in Industrials at 19.50%. The fund’s top 10 holdings account for about 5.11% of total assets under management.

Seeking to match the performance of the Nasdaq AlphaDEX Mid Cap Core Index, FNX has gained about 4.33% YTD and approximately 23.96% in the last year. With a beta of 1.21 and standard deviation of 20.95% over three years, it presents a medium risk choice in the space.

FNX carries a Zacks ETF Rank of 3 (Hold) and is a viable option for those seeking to invest in the Mid Cap Blend category. Alternative ETF models like the Vanguard Mid-Cap ETF (VO) and the iShares Core S&P Mid-Cap ETF (IJH) track a similar index with varying assets and expense ratios.

Read more at Nasdaq: Should First Trust Mid Cap Core AlphaDEX ETF (FNX) Be on Your Investing Radar?