FNX First Trust Mid Cap Core AlphaDEX ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Mid Cap Core Index. The Index rank 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 its selection score based on its style designation as determined by Nasdaq. The top 450 stocks based on the selection score determined in the previous step comprise the “selected stocks”. T he 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.
Prior to April 8, 2016, the fund tracked the Defined MidCap Core Index.
$85.24 -2.30 (-2.63%)
As of 03/17/2023 11:00:53 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Mid cap
Morningstar category: Mid-Cap Blend
Leverage factor: 1.00
Inception date: 05/08/2007
Index tracking method: Passive replication
Current yield: 1.07%
Historical average yield: 0.96%
Market cap: $943,123,672
Average volume: 41,200
Fees: 0.6200%
Index Information
Nasdaq AlphaDEX Mid Cap Core Index
Index symbol: NQDXUSMC
Provider: NASDAQ OMX
Index weighting: Composite scores
Index inception date: 01/11/2016
Backtesting data exists: Yes
Number of holdings: 450
Strategy: Multi-factor investing
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: