FNY
First Trust Mid Cap Growth AlphaDEX Fund
First Trust Mid Cap Growth AlphaDEX Fund seeks investment results that correspond to the Defined Mid Cap Growth Index.
Fund Basics
Fund sponsor | First Trust Advisors LP |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Apr 19, 2011 |
Assets (mns) | $323 |
Expense ratio | 70 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
FORTRESS TRANSPORTATION & INFRASTRUCTURE | 0.8 % |
SHOCKWAVE MEDICAL, INC. | 0.8 % |
SPROUTS FARMERS MARKET INC | 0.8 % |
INTEGER HOLDINGS CORPORATION | 0.8 % |
WEATHERFORD INTERNATIONAL PL | 0.8 % |
TEXAS ROADHOUSE INC | 0.8 % |
TIDEWATER INC | 0.8 % |
ALLISON TRANSMISSION HOLDING | 0.8 % |
APPLOVIN CORP. CLASS A | 0.8 % |
ESAB CORPORATION | 0.8 % |
Constituent Breakdown
Number of holdings | 226 |
Herfindahl-Hirschman Index | 55 |
Wgt avg mkt cap (mns) | $9,709 |
Large cap (>$10bn) | 36.1% |
Mid cap ($2-10bn) | 62.0% |
Small cap (<$2bn) | 1.2% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.6 % | |
SWITZERLAND | 0.8 % | |
IRELAND | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
7.1% | 22.7% | 4.8% | 2.5% | 11.3% | 10.2% | 10.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.18 | 82% |
MSCI EAFE | 1.08 | 64% |
MSCI Emg Mkts | 0.77 | 34% |
Liquidity Measures
Avg. volume (000) | 18 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $21,885 |
Technical Indicators
Recent close | $71.81 |
30d moving avg. | $61.77 |
Annualized volatility | 23.2% |
Relative strength (RSI) | 77 |
Short interest (ETF) | 0.9% |
Short interest (underlying) | 6.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. FNY |
Expenses vs. FNY |
ALTAR Score™ vs. FNY |
---|---|---|---|---|
FNX | First Trust Mid Cap Core AlphaDEX Fund | 40.1% | -10 bp | +4.2% |
ISCG | iShares Morningstar Small-Cap Growth ETF | 37.0% | -64 bp | +0.6% |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 36.5% | -53 bp | +4.0% |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 36.5% | -55 bp | +4.0% |
VBK | Vanguard Small-Cap Growth ETF | 35.2% | -63 bp | -0.4% |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 32.9% | -63 bp | +3.9% |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 31.1% | -66 bp | +4.3% |
MMSC | First Trust Multi-Manager Small Cap Opportunities ETF | 30.2% | +25 bp | -0.1% |
FAD | First Trust Multi Cap Growth AlphaDEX Fund | 29.6% | -6 bp | +0.2% |
SFYX | SoFi Next 500 ETF | 29.6% | -70 bp | +3.8% |
Risk and Returns: FNY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 5/2/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FNY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FNY
1.8%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 1.8% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. FNY's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places FNY in the 7th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FNY
Peer Average
Recent Trends
SELL
U/W
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BUY
Recent Trends
Breakdown
Market Activity
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FNY | 70.0 | 13.0 | 83 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .