Filings Digest
TACK holders vote Dec. 10 on the move to Amplify
First Trust Mid Cap Value AlphaDEX Fund
$64.19−0.82 (−1.27%)
- 0.74%
- $238M
- +22.8%
- 1.52%
- 7.33K sh
- low $51.98high $65.71
The ETF.net FNK Grade
C
Score 45 out of 100
- 33 of 40
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F3 out of 100Rank 39 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 8 of 37Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 26 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 18 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 12 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 21 of 40
Our read on FNK
In short
CNot a plain value index fund: the AlphaDEX screen ranks mid-cap value stocks on growth and value metrics, keeps a subset and weights by rank rather than size. A quant strategy in an index wrapper, priced closer to active.
Stated mandate
The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Mid Cap Value Index. The index uses AlphaDEX to select and weight securities from the Nasdaq US 600 Mid Cap Value Index.
Why people hold it
Worth knowing
FNK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FNK$12,277
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FNK |
|---|---|
| Year to date | +17.7% |
| 1 month | +7.5% |
| 3 months | +1.3% |
| 1 year | +22.8% |
| 3 years | +16.7% |
| 5 years | +8.1% |
| 10 years | +9.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FNK |
|---|---|---|
| 2026 YTD | +17.7% | |
| 2025 | +5.7% | |
| 2024 | +6.6% | |
| 2023 | +21.0% | |
| 2022 | −7.2% | |
| 2021 | +33.6% | |
| 2020 | +1.2% |
FNK in the news
FNK Dividends
- 1.52%
- $0.98
- $0.28 per share
- Quarterly
FNK Risk
- 17.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FNK Cost
Overpaying vs VTV, tied cheapest in US Value Index
$13,669
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FNK 0.74%
$14,307
VTV 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | FNK | VTV | Overpaying |
|---|---|---|---|
| 10 | $1,319 | $55 | $1,264 |
| 20 | $5,015 | $216 | $4,799 |
| 30 | $14,307 | $638 | $13,669 |
Other funds in US Value Index
- CPWVInvesco Large Cap Value ETFExpense ratio 0.55%1 year return +24.2%
- CNIXTResearch Affiliates Deletions ETFExpense ratio 0.29%1 year return +44.5%
- CFYTFirst Trust Small Cap Value AlphaDEX FundExpense ratio 0.70%1 year return +33.5%
- CRZVInvesco S&P SmallCap 600 Pure Value ETFExpense ratio 0.35%1 year return +27.8%
- CVMAXHartford US Value ETFExpense ratio 0.29%1 year return +28.2%
