First Trust Mid Cap Value AlphaDEX Fund
$60.74+0.35 (+0.58%)
- 0.74%
- $223M
- +15.9%
- 1.63%
- 0M sh
- $60.18
- low $51.98high $65.14
The ETF.net FNK Grade
C
Score 44 out of 100
- 33 of 40
Score 44 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.A94 out of 100Rank 8 of 37Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 31 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 22 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A73 out of 100Rank 11 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 21 of 40
Our read on FNK
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.
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
- Rank drives weight, not market cap: the AlphaDEX screen scores stocks on growth and value metrics, then tiers them, so size alone doesn't buy a big slot.ftportfolios.comotcmarkets.com
- Roughly 230 mid-cap names, so no single stock steers the portfolio.
- Running since 2011, one of the longer-lived rules-based factor funds, and it distributes quarterly.
Worth knowing
- At 0.74% a year it sits at the pricey end of the factor aisle (VONV charges 0.06%, FNDX 0.25%), and that cost is what keeps it in the back of its peer group.
- Thinly traded, so spreads can run wider than on household-name index ETFs; the cost of getting in and out matters more here.
- Value label, but the screen scores growth metrics too, so the basket won't always look like a textbook value fund.ftportfolios.com
FNK Holdings
- Stocks
- 226
- 8%
- RDN
Sectors
- Financials27.2%
- Consumer Discretionary18.5%
- Energy11.5%
- Industrials10.5%
- Consumer Staples6.1%
- Technology5.6%
- Utilities5.4%
- Materials4.8%
- Real Estate4.7%
- Health Care3.3%
- Communication2.5%
Geography
- United States95.31%
- Bermuda3.01%
- Netherlands0.64%
- Switzerland0.60%
- Puerto Rico0.29%
- Ireland0.14%
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$11,586
Returns run to the Oct 12, 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 | +9.8% |
| 1 month | −4.5% |
| 3 months | −0.9% |
| 1 year | +15.9% |
| 3 years | +13.3% |
| 5 years | +7.6% |
| 10 years | +9.2% |
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 | +9.8% | |
| 2025 | +5.7% | |
| 2024 | +6.6% | |
| 2023 | +21.0% | |
| 2022 | −7.2% | |
| 2021 | +33.6% | |
| 2020 | +1.2% |
FNK in the news
Category Review
US multifactor funds ran 30 points apart
FNK Dividends
- 1.63%
- $0.98
- $0.28 per share
- Quarterly
Distribution history
FNK Risk
- 17.6%
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.
- 0.46
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.
FNK Cost
0.74%
FNK0.74%
- The middle half of US Value Index funds
- Median 0.20%
38 of the 40 US Value Index funds charge less.
Other funds in US Value Index
- CVMAXHartford US Value ETFExpense ratio 0.29%1 year return +26.4%
- CDFATDimensional - US Targeted Value ETFExpense ratio 0.33%1 year return +22.7%
- CFYTFirst Trust Small Cap Value AlphaDEX FundExpense ratio 0.70%1 year return +30.2%
- CRZVInvesco S&P SmallCap 600 Pure Value ETFExpense ratio 0.35%1 year return +27.0%
- DMVALVanEck ETF Trust - VanEck Morningstar Wide Moat Value ETFExpense ratio 0.50%1 year return +11.4%