FNX - ETF AI Analysis

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First Trust Mid Cap Core AlphaDEX Fund (FNX)

Rating:69Neutral

Price Target:―

FNX’s rating suggests it is a solid, but not flawless, mid-cap fund, supported by strong holdings like NEXTracker, TTM Technologies, and Primoris Services, which show robust revenue growth, healthy profitability, and positive earnings commentary. These strengths are partly offset by weaker names such as AST SpaceMobile, which faces negative profitability and regulatory hurdles, and by mixed signals from companies like CarMax and Mosaic that struggle with cash flow or declining revenue. The main risk factor is that several holdings face operational or cash flow challenges, which could add volatility even though the fund is diversified across different industries.

Positive Factors

Broad Sector Diversification

The fund spreads its investments across many different sectors, which can help reduce the impact if any one industry struggles.

Strong Recent Performance

The ETF has shown solid gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Multiple Strong-Performing Top Holdings

Several of the largest positions, such as Bloom Energy, Hecla Mining, and AST SpaceMobile, have delivered strong year-to-date performance that supports the fund’s overall returns.

Negative Factors

High Expense Ratio

The fund’s expense ratio is relatively high for an ETF, which means more of the returns are eaten up by fees each year.

Heavy U.S. Concentration

With almost all assets invested in U.S. companies, the fund offers very limited geographic diversification and is heavily tied to the U.S. market.

Exposure to Volatile Mid-Cap Names

Many of the top holdings are mid-sized companies in cyclical or specialized industries, which can experience larger price swings than more stable large-cap stocks.

FNX vs. SPDR S&P 500 ETF (SPY)

AUM1.26B

RegionNorth America

Expense Ratio0.62%

Beta0.95

IssuerFirst Trust

Inception DateMay 08, 2007

Dividend Yield0.81%

Asset ClassEquity

Index TrackedNASDAQ AlphaDEX Mid Cap Core Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume29,975

30 Day Avg. Volume19,495

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

152.83

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering450

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FNX Summary

FNX is an ETF that follows the NASDAQ AlphaDEX Mid Cap Core Index, focusing on medium‑sized U.S. companies. It uses a rules-based approach to pick stocks it believes have strong growth or value potential. The fund is spread across many sectors, including industrials, financials, consumer companies, and technology. Well-known names in the fund include CarMax and Alcoa. Someone might invest in FNX to diversify beyond large, well-known giants and tap into the growth potential of mid-sized businesses. A key risk is that mid-cap stocks can be more volatile and can go up and down sharply with the market.

How much will it cost me?The expense ratio for FNX is 0.6%, which means you’ll pay $6 per year for every $1,000 invested. This is higher than average for ETFs because FNX uses an actively managed, rules-based stock selection process to target mid-cap companies with growth and value potential.

What would affect this ETF?The FNX ETF, with its focus on mid-cap U.S. companies, could benefit from economic growth and innovation in sectors like technology, industrials, and consumer cyclical, which make up a significant portion of its holdings. However, it may face challenges from rising interest rates, which can negatively impact financial and real estate sectors, or economic slowdowns that could affect mid-cap companies more than larger, established firms. Regulatory changes or sector-specific disruptions could also influence the performance of its top holdings, such as those in energy or materials.

FNX Top 10 Holdings

FNX is leaning into U.S. mid-cap cyclicals, with industrial names like Oshkosh, Primoris Services, and IES Holdings quietly pulling the fund forward as their financial results stay solid and momentum generally trends higher. Materials exposure via Alcoa and Hecla Mining has also been rising, giving the ETF a lift from the commodities side. On the flip side, CarMax looks more like a sputtering engine, with mixed fundamentals and leadership uncertainty, while speculative play AST SpaceMobile adds drama but also volatility. Overall, the fund is diversified across sectors but tilted toward economically sensitive, U.S.-focused names.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
BE	Bloom Energy	0.55%	$7.03M	$39.20B	449.94%	62 Neutral
LITE	Lumentum Holdings	0.52%	$6.68M	$40.18B	624.43%	61 Neutral
BG	Bunge Global	0.47%	$6.02M	$23.69B	73.80%	66 Neutral
OSK	Oshkosh	0.47%	$5.96M	$10.82B	59.29%	71 Outperform
PRIM	Primoris Services	0.46%	$5.87M	$9.00B	126.51%	75 Outperform
NXT	Nextpower Inc	0.46%	$5.85M	$17.29B	146.17%	78 Outperform
IESC	IES Holdings	0.46%	$5.83M	$10.33B	127.78%	76 Outperform
TTMI	TTM Technologies	0.46%	$5.82M	$9.49B	247.07%	77 Outperform
RUSHA	Rush Enterprises A	0.46%	$5.81M	$5.40B	18.42%	72 Outperform
CIEN	Ciena	0.45%	$5.68M	$42.99B	238.44%	70 Outperform

FNX Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

131.30

Positive

100DMA

127.59

Positive

200DMA

121.80

Positive

Market Momentum

MACD

1.56

Positive

RSI

58.78

Neutral

STOCH

66.80

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FNX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 134.90, equal to the 50-day MA of 131.30, and equal to the 200-day MA of 121.80, indicating a bullish trend. The MACD of 1.56 indicates Positive momentum. The RSI at 58.78 is Neutral, neither overbought nor oversold. The STOCH value of 66.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNX.

FNX Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FNX	―	―	$1.26B	0.62%	―
XMMO	―	―	$5.47B	0.35%	―
XMHQ	―	―	$5.27B	0.25%	―
FMDE	―	―	$5.24B	0.23%	―
JHMM	―	―	$5.00B	0.41%	―
DON	―	―	$3.93B	0.38%	―

Performance Comparison

FNX

First Trust Mid Cap Core AlphaDEX Fund

136.39

16.25

13.53%

XMMO

Invesco S&P MidCap Momentum ETF

―

XMHQ

Invesco S&P MidCap Quality ETF

―

FMDE

Fidelity Enhanced Mid Cap ETF

―

JHMM

John Hancock Multifactor Mid Cap ETF

―

DON

WisdomTree U.S. MidCap Dividend Fund

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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