First Trust Mid Cap Core AlphaDEX Fund (FNX) is a multi-factor ETF. As of October 9, 2026, ETF Copilot scores FNX 4.4 out of 10 — highest on Value (7.0), lowest on Quality (1.9). It trades at 14.4 times earnings, against its own median of 14.7. Its ten largest holdings are 4% of the fund.
What stands out in FNX's data
U.S. mid-cap blend stocks, selected through a multi-factor screen.
Its profitability trails most peers — the fund's edge has to come from its selection process, not the quality of its holdings.
EBITDA margin of 20.7% lags behind the category median of 26.9%, and it holds 448 stocks — broad diversification across mid-caps.
A mid-cap value tilt that pairs with a broad U.S. core allocation.
How is FNX rated? ETF Copilot scores First Trust Mid Cap Core AlphaDEX Fund (FNX) 4.4 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Mid Cap Core AlphaDEX Fund (FNX) 4.4 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.4 / 10
- Growth: 3.8 / 10
- Value: 7.0 / 10
- Risk: 4.6 / 10
- Quality: 1.9 / 10
- Return: 4.6 / 10
Is FNX expensive right now? It trades at 14.4 times earnings, against its own median of 14.7
As of October 9, 2026, FNX is cheaper than 57% of its own 115 monthly readings since 2017 — 49 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FNX? 15% Tech
What's inside FNX: Size (Large 0%, Mid 80%, Small 20%); Geography (International 3%, US 97%); Tech 14.5%; AI 0.4%; Semiconductors 1.9%; Memory 0.6%.
What are FNX's top holdings? The ten largest are 4% of the fund
PBF Energy, Haemonetics, Radian, International Seaways, Range Resources, Essent, SM Energy, APA, Chime Financial and CNX Resources are FNX's largest holdings, in that order.
Less concentrated than 85% of Multi-factor ETFs.
Half of FNX's weight sits in its 143 largest positions, and once those weights are taken into account it behaves like 364 equally weighted holdings.
What is FNX's expense ratio? 0.62% a year
As of October 9, 2026, FNX charges 0.62% a year, yields 1.01% and holds $1.3B in assets across 448 positions.
| Measure | FNX |
|---|---|
| Expense ratio | 0.62% |
| Dividend yield | 1.01% |
| Assets under management | $1.3B |
| Holdings | 448 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Mid Cap Core AlphaDEX Fund (FNX) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fnx
ETF Copilot Pro unlocks FNX's price and what each holding weighs.
Try Pro free →