FNY ETF — First Trust Mid Cap Growth AlphaDEX® Fund

First Trust Mid Cap Growth AlphaDEX® Fund (FNY)

Updated October 16, 2026.

FNY is an ETF. its distribution rate is 0.13%, its expense ratio is 0.73%. Dividend Vision Distribution Safety Score™ is 59/100 (Caution). Total return is 389.8% over the past 15.5 years, 262.4 points behind SPY at 652.2%.

First Trust Mid Cap Growth AlphaDEX® Fund is an ETF that tracks a proprietary index designed to select growth stocks from the mid-cap universe using the AlphaDEX® methodology, aiming to generate risk-adjusted returns relative to traditional indices. The fund carries a low distribution rate, pays distributions quarterly, and has an expense ratio of 0.73%. It may appeal to growth-focused equity investors seeking mid-cap exposure with a rules-based stock selection approach.

FNY performance versus SPY

Price and return data through 2026-10-16.

Total return is 389.8% over the past 15.5 years, 262.4 points behind SPY at 652.2%. Over the past year its total return — price change plus distributions reinvested — is 3.4%. Its deepest 1-year drawdown was 13.5%.

FNY key facts

Distribution Safety Score™

59 · Caution

Safety-Adjusted Yield

0.08%

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

04/19/2011

Expense ratio

0.73%

Distribution rate

0.13%

Distribution frequency

Quarterly

Last close

$95.94 (as of 2026-10-16)

AUM

$574,713,585

Average volume

15360.0

Dividend

$0.03

Ex-dividend date

06/26/2025

Payment date

06/30/2025

Beta

1.32

How Dividend Vision calculates yield and returns

Distribution rate (0.13%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield 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.

FNY risks and drawbacks

FNY'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 13.5%.

Who may consider FNY — and who may not

It is a weaker fit for investors who need monthly cash flow (FNY 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 FNY

• All tickers starting with F

Tagged: Growth, Mid Cap.

Frequently asked questions

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