FNX ETF — First Trust Mid Cap Core AlphaDEX® Fund

First Trust Mid Cap Core AlphaDEX® Fund (FNX)

Updated October 16, 2026.

FNX is an ETF. its distribution rate is 1.20%, its trailing-12-month yield is 1.01%, its expense ratio is 0.62%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Total return is 450.7% over the past 19.4 years, 177.9 points behind SPY at 628.6%.

First Trust Mid Cap Core AlphaDEX® Fund is an ETF that tracks a selection of mid-cap stocks from the NASDAQ US 600 Mid Cap Index, using the AlphaDEX® methodology to identify securities expected to deliver positive risk-adjusted returns. The fund distributes quarterly at a modest current distribution rate, with a low expense ratio of 0.62%. It appeals to income and growth-oriented equity investors seeking mid-cap exposure with an active selection approach.

FNX performance versus SPY

Price and return data through 2026-10-16.

Total return is 450.7% over the past 19.4 years, 177.9 points behind SPY at 628.6%. Over the past year its total return — price change plus distributions reinvested — is 11.0%. Its deepest 1-year drawdown was 9.2%.

FNX key facts

Distribution Safety Score™

79 · Generally safe

Safety-Adjusted Yield

0.95%

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

05/08/2007

Expense ratio

0.62%

Distribution rate

1.20%

Distribution frequency

Quarterly

Trailing yield

1.01%

Last close

$136.80 (as of 2026-10-16)

AUM

$1,327,115,319

Average volume

12163.0

Dividend

$0.411

Ex-dividend date

09/24/2026

Payment date

09/30/2026

Beta

1.08

How Dividend Vision calculates yield and returns

Distribution rate (1.20%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.01%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FNX risks and drawbacks

FNX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.2%.

Who may consider FNX — and who may not

It is a weaker fit for investors who need monthly cash flow (FNX pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FNX

• All tickers starting with F

Tagged: Mid Cap.

Frequently asked questions

More securities from First Trust.