About First Trust Mid Cap Growth AlphaDEX Fund (FNY)

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that seeks to provide 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 Growth Index. The fund uses a proprietary quantitative weighting methodology to select stocks from the NASDAQ US 700 Mid Cap Growth Index. This unique approach aims to outperform traditional passive indexing by selecting stocks that exhibit strong growth characteristics.

FNY offers investors exposure to a diversified portfolio of mid-cap growth stocks. These stocks typically offer attractive growth prospects and may have the potential for significant capital appreciation. The fund's holdings are spread across various sectors, including Information Technology, Healthcare, Consumer Discretionary, and Industrials. By investing in mid-cap stocks, FNY aims to capture the growth potential of smaller companies while offering some stability compared to small-cap stocks.