What is FNX?

FNX tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNX 7.92% 12.88% 6.24% -2.05% 9.46% 7.50% 10.25%
FNX (NAV) 5.77% 12.72% 6.24% -2.26% 9.39% 7.45% 10.23%
NASDAQ AlphaDEX Mid Cap Core Index 7.49% 12.92% 6.29% -1.63% 10.09% 8.13% --
MSCI USA Mid Cap Index 5.85% 13.59% 4.80% -6.94% 8.10% 8.10% 11.44%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

First Trust
05/08/07
0.62%
$1.06B
MSCI USA Mid Cap Index
Open-Ended Fund

Peers

MSCI USA Mid Cap Index

Fund Flows

+$0.01B 5 Days
-$0.01B 30 Days
+$0.02B 90 Days

FNX Portfolio Data

$6.58B
9.97
2.03
1.12%
N/A
448

FNX Index Data

Tiered
Multi-Factor
MSCI USA Mid Cap Index

FNX Portfolio Management

0.62%
-0.58%
-0.49%
-0.71%

FNX Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FNX Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

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

43,866
$3.96M
36,045
$3.25M
0.24%
$0.21
-0.01%
0.35% / -0.44%
None
100.00%
50,000
0.72
0.01%
0.04%
0
$93.14
5

FNX Sector/Industry Breakdown

FNX Segment
Benchmark
23.59% --
8.73% --
6.53% --
5.61% --
5.22% --
4.89% --
4.83% --
4.64% --
4.32% --
4.16% --

FNX Performance Statistics

0.96
1.00
0.98
1.03
0.34%
MSCI USA Mid Cap Index

FNX Countries

FNX Segment
Benchmark
98.76% 100.00%

FNX Regions

FNX Segment
Benchmark
98.76% 100.00%

FNX Economic Development

FNX Segment
Benchmark
98.76% 100.00%
0.00% 0.00%

FNX Benchmark Comparison Holdings

448
326
66
9.76%

FNX Benchmark Comparison Summary

FNX Segment
Benchmark
448 326
$6.58B $20.51B
9.97 18.80
2.03 2.96
1.55% 1.51%
Low Low

FNX Benchmark Comparison Market Cap Size

FNX Segment
Benchmark
2.83% 78.80%
95.24% 21.20%
0.73% 0.00%
0.00% 0.00%