First Trust Mid Cap Growth AlphaDEX Fund (FNY) is a multi-factor ETF. As of October 9, 2026, ETF Copilot scores FNY 4.5 out of 10 — highest on Growth (7.9), lowest on Quality (1.3). It trades at 25.9 times earnings, against its own median of 24.6. Its ten largest holdings are 8% of the fund.
What stands out in FNY's data
U.S. mid-cap growth stocks, selected through a multi-factor screen.
Profitability lags behind most peers — the fund's edge relies on revenue acceleration, not current earnings.
EBITDA margin of 18.2% trails the 26.9% category median and sits below its own 19.8% historical median. The expense ratio is 0.7%.
A growth-oriented mid-cap sleeve that bets on revenue acceleration over current profitability.
How is FNY rated? ETF Copilot scores First Trust Mid Cap Growth AlphaDEX Fund (FNY) 4.5 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Mid Cap Growth AlphaDEX Fund (FNY) 4.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.5 / 10
- Growth: 7.9 / 10
- Value: 3.2 / 10
- Risk: 2.6 / 10
- Quality: 1.3 / 10
- Return: 5.1 / 10
Is FNY expensive right now? It trades at 25.9 times earnings, against its own median of 24.6
As of October 9, 2026, FNY is more expensive than 71% of its own 115 monthly readings since 2017 — 82 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 FNY? 25% Tech
What's inside FNY: Size (Large 0%, Mid 83%, Small 17%); Geography (International 1%, US 99%); Tech 25.0%; AI 1.1%; Semiconductors 4.2%; Memory 1.5%.
What are FNY's top holdings? The ten largest are 8% of the fund
Haemonetics, Gitlab, Remitly Global, Chime Financial, Oscar Health, SentinelOne, Concentra Group Holdings Parent, Dynatrace, Rubrik and Pacs are FNY's largest holdings, in that order.
Less concentrated than 71% of Multi-factor ETFs.
Half of FNY's weight sits in its 72 largest positions, and once those weights are taken into account it behaves like 183 equally weighted holdings.
What is FNY's expense ratio? 0.73% a year
As of October 9, 2026, FNY charges 0.73% a year and holds $563M in assets across 225 positions.
| Measure | FNY |
|---|---|
| Expense ratio | 0.73% |
| Assets under management | $563M |
| Holdings | 225 |
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 Growth AlphaDEX Fund (FNY) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fny
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