Name of ETF: First Trust Mid Cap Growth AlphaDEX Fund
Benchmark Index: Defined Mid Cap Growth Index
Ticker Symbol: FNY
Approximate Number of Holdings: 125
Types of Companies Included: The top mid-cap companies from the S&P MidCap 400 Growth Index that meet specific fundamental criteria.
Fundamentals Used:
- Growth Criteria: Sales-to-price ratio, sales growth over the previous 12 months and general price appreciation the company has experienced over three, six and 12 month periods.
- Value Criteria: Book value-to-price, cash flow-to-price and return on assets (ROA).
Individual Company Weight: This ETF is diversified with no one company representing a significant percentage of the ETF.
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