Key stats
About First Trust Mid Cap Value AlphaDEX Fund
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Inception date
Apr 19, 2011
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33737M2017
FNK offers an alternative take on US mid-cap value stocks. Its quant-based methodology attempts to outperform the space by selecting stocks from its base index NASDAQ US 600 Mid Cap Index and screens it for value factors. The resulting underlying index portfolio includes 225 stocks with value factors such as price/book value, price/cash flow and return on assets. The stocks are further divided equally into quintiles after the value screens, overweighting the highest scoring securities. The index is reconstituted and rebalanced quarterly. Prior to April 8, 2016, the Funds tracked the Defined Mid Cap Value Index, the universe may differ slightly but the factors and methodology are the same.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.96%
Finance24.62%
Producer Manufacturing8.32%
Retail Trade7.87%
Energy Minerals7.44%
Process Industries7.05%
Consumer Durables6.67%
Utilities6.18%
Consumer Non-Durables5.70%
Transportation3.43%
Distribution Services3.26%
Industrial Services2.89%
Health Technology2.83%
Electronic Technology2.79%
Commercial Services2.47%
Technology Services2.27%
Consumer Services2.14%
Non-Energy Minerals2.07%
Health Services1.96%
Bonds, Cash & Other0.04%
Cash0.04%
Stock breakdown by region
North America97.95%
Europe2.05%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FNK invests in stocks. The fund's major sectors are Finance, with 24.62% stocks, and Producer Manufacturing, with 8.32% of the basket. The assets are mostly located in the North America region.
FNK top holdings are Macy's, Inc. and Invesco Ltd., occupying 1.02% and 0.97% of the portfolio correspondingly.
FNK last dividends amounted to 0.19 USD. The quarter before, the issuer paid 0.17 USD in dividends, which shows a 8.78% increase.
FNK assets under management is 203.47 M USD. It's risen 3.72% over the last month.
FNK fund flows account for −19.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FNK pays dividends to its holders with the dividend yield of 1.61%. The last dividend (Jun 30, 2025) amounted to 0.19 USD. The dividends are paid quarterly.
FNK shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Apr 19, 2011, and its management style is Passive.
FNK expense ratio is 0.70% meaning you'd have to pay 0.70% of your investment to help manage the fund.
FNK follows the NASDAQ AlphaDEX Mid Cap Value Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNK invests in stocks.
FNK price has risen by 3.84% over the last month, and its yearly performance shows a 8.71% increase. See more dynamics on FNK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.17% over the last month, showed a 10.57% increase in three-month performance and has increased by 11.95% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.17% over the last month, showed a 10.57% increase in three-month performance and has increased by 11.95% in a year.
FNK trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.