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Morningstar

First Trust Mid Cap Core AlphaDEX® ETF FNX ETF Analysis

Morningstar Analyst Rating
| Quantitative rating as of | See First Trust Investment Hub

Morningstar’s Analysis FNX

Will FNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FNX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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First Trust Mid Cap Core AlphaDEX® ETF’s management team is just average, but a solid investment process still helps this strategy retain its Morningstar Quantitative Rating of Silver. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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