| Fund Description |
| The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Mid Cap Core Index (the New Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Mid Cap Core Index is an enhanced index created and administered by Nasdaq, Inc. ( Nasdaq ) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Mid Cap Core Index by ranking the eligible stocks from the NASDAQ US 600 Mid Cap Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 450 stocks based on the selection score determined in the previous step comprise the selected stocks . The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly. |
| Fund Profile |
| Fund Name |
First Trust Mid Cap Core AlphaDEX Fund |
| Fund Exchange Ticker |
FNX |
| Fund Sponsor |
First Trust |
| Fund ISIN |
US33735B1089 |
| Net Expense Ratio |
0.61 % |
| Fund Inception Date |
8 May 2007 |
| Fund Legal Structure |
ETF (Open end fund) |
| Exchange |
NASDAQ |
| Listing Country Code |
US |
| Fund Investment Objective |
| ETF Type Specific |
US Equities - Broad Market & Size |
| Asset Class |
Equities (Stocks) |
| Index Linked |
Passive |
| Index Name |
NASDAQ AlphaDEX Mid Cap Core Index |
| Index Provider |
Nasdaq |
| Currency Hedged |
No |
| Inverse / Leveraged |
Not Applicable |
| Developed / Emerging |
Developed Market Funds |
| Market Capitalization Range |
Mid Cap |
| Growth Value |
Core / Blend |
| Continent |
North America |
| Key Statistics |
| Return As of Date |
26 January 2021 |
| Asset Under Management |
830.18 Million (USD) |
| 1 Month Total Return |
4.63 % |
| Year To Date Return |
5.77 % |
| 1 Year Total Return |
24.92 % |
| 3 Year Annualized Total Return |
9.64 % |
| NAV |
87.85 |
| Share Outstanding |
9,450,000 |