FNK
First Trust Mid Cap Value AlphaDEX Fund
First Trust Mid Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Mid Cap Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 224.7 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | Apr 19, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VERSANT MEDIA GROUP INC-WI | 0.9 % |
| RADIAN GROUP INC | 0.8 % |
| RANGE RESOURCES CORP | 0.8 % |
| APA CORP. | 0.8 % |
| SM ENERGY CO | 0.8 % |
| PBF ENERGY INC-CLASS A | 0.8 % |
| CNX RESOURCES CORPORATION | 0.8 % |
| INTERNATIONAL SEAWAYS, INC. | 0.8 % |
| LYFT INC CLASS A | 0.8 % |
| ESSENT GROUP LTD | 0.8 % |
Constituent Breakdown
| Number of holdings | 226 |
| Herfindahl-Hirschman Index | 57 |
| Wgt avg mkt cap (mns) | $7,425 |
| Large cap (>$10bn) | 20.1% |
| Mid cap ($2-10bn) | 77.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
BERMUDA | 3.6 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.1% | 6.9% | 4.1% | 9.8% | 5.9% | 7.1% | -- | 7.2% |
| Dividend Yield | 1.3% | 1.8% | 1.7% | 1.9% | 1.8% | 1.8% | -- | 1.6% |
| Total Returns | 7.4% | 8.7% | 5.8% | 11.7% | 7.7% | 8.9% | -- | 8.7% | Ann. Volatility | 13.0% | 13.6% | 18.7% | 18.9% | 20.8% | 23.7% | -- | 22.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.54 | 27% |
| MSCI EAFE | 0.45 | 28% |
| MSCI Emg Mkts | 0.16 | 9% |
Liquidity Measures
| Avg. volume (000) | 17 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $63.20 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.76/0.77 |
| Bollinger Bands (Upper/Lower) | $65.35/$62.09 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FNK |
Expenses vs. FNK |
ALTAR Score™ vs. FNK |
|---|---|---|---|---|
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 57.2% | -10 bp | -3.6% |
| EZM | WisdomTree U.S. MidCap Fund | 35.8% | -32 bp | -2.5% |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 34.8% | -55 bp | -2.6% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 34.8% | -52 bp | -2.6% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 34.4% | -60 bp | -2.7% |
| DFAT | Dimensional U.S. Targeted Value ETF | 33.9% | -42 bp | -1.9% |
| DON | WisdomTree U.S. MidCap Dividend Fund | 33.9% | -32 bp | -2.4% |
| ISCV | iShares Morningstar Small Cap Value ETF | 32.6% | -64 bp | -3.0% |
| DFSV | Dimensional US Small Cap Value ETF | 31.3% | -39 bp | -1.7% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 29.6% | -3 bp | -1.0% |
Risk and Returns: FNK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/14/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
11.1%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,395 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.2%. FNK's ALTAR Score™ is approximately 2.6 standard
deviations above the category average. This places FNK in the 99th percentile
among funds in the category.
Sell-Side Consensus
$73.98
PRICE TARGET
+21.8%
UPSIDE