FNX
First Trust Mid Cap Core AlphaDEX FundFNX Fund Description
FNX tracks a tiered equal-weighted index of US midcap equities selected using both growth and value screens.
FNX Factset Analytics Insight
FNX attempts to improve upon the results NASDAQ US 600 Mid Cap index (the parent index) by rescreening each security twice, by both growth and value characteristics— assigning whatever score is highest as the stock's style score. The underlying index selects 450 stocks by factors such as recent price appreciation, price/sales, sales growth, price/book value, price/cash flow and return on assets. The stocks are ranked, and then tiered equal-weighting is applied to the top 75% of securities. Its weighting scheme leads to a perpetual small-cap tilt, which along with sector biases, raises the fund's market risk. The index is reconstituted and rebalanced quarterly. Prior to April 8, 2016 the fund tracked the Defined index, which had a slightly different universe but had the same factors and methodology.
FNX MSCI ESG Analytics Insight
First Trust Mid Cap Core AlphaDEX Fund has an MSCI ESG Fund Rating of BBB based on a score of 5.42 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Mid Cap Core AlphaDEX Fund ranks in the 36th percentile within its peer group and in the 62nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FNX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FNX Summary Data
FNX Portfolio Data
FNX Index Data
FNX Portfolio Management
FNX Tax Exposures
FNX Fund Structure
FNX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FNX. FNX is rated a 5 out of 5.
FNX Tradability
FNX Sector/Industry Breakdown
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FNX Top 10 Holdings[View All]
FNX Countries
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FNX Regions
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FNX Economic Development
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FNX Performance Statistics
FNX MSCI ESG Ratings
FNX Benchmark Comparison Summary
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FNX Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.