First Trust Mid Cap Value AlphaDEX Fund
$61.00−0.38 (−0.62%)
- Expense ratio
- 0.74%
- Fund size
- $221M
- 1Y return
- +12.5%
- Yield · Last 12 months
- 1.47%
- Holdings
- 225
- Volume · 30D
- 0M sh
- NAV per share
- $61.48
- 52W range
The ETF.net FNK Grade
Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 2Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 51Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
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
- 225
- 10%
- DINO
Sectors
- Financials23.6%
- Consumer Discr.17.7%
- Energy14.9%
- Technology9.1%
- Industrials8.2%
- Real Estate6.8%
- Materials5.2%
- Utilities5.1%
- Cons. Staples4.4%
- Health Care3.4%
- Communication1.6%
Geography
- United States96.88%
- Bermuda2.83%
- Puerto Rico0.29%
FNK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +11.1% |
| 1 month | −5.2% |
| 3 months | +2.3% |
| 1 year | +12.5% |
| 3 years | +13.2% |
| 5 years | +8.5% |
| 10 years | +9.3% |
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 | +11.1% | |
| 2025 | +5.7% | |
| 2024 | +6.6% | |
| 2023 | +21.0% | |
| 2022 | −7.2% | |
| 2021 | +33.6% | |
| 2020 | +1.2% |
FNK in the news
ETF.net Research hasn’t filed on FNK yet — coverage lands here as it’s written.
FNK Dividends
- 1.47%
- $0.90
- $0.17 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.17 |
| Mar 26, 2026 | Mar 31, 2026 | $0.25 |
| Dec 12, 2025 | Dec 31, 2025 | $0.29 |
| Sep 25, 2025 | Sep 30, 2025 | $0.20 |
| Jun 26, 2025 | Jun 30, 2025 | $0.19 |
| Mar 27, 2025 | Mar 31, 2025 | $0.17 |
| Dec 13, 2024 | Dec 31, 2024 | $0.29 |
| Sep 26, 2024 | Sep 30, 2024 | $0.26 |
| Jun 27, 2024 | Jun 28, 2024 | $0.21 |
| Mar 21, 2024 | Mar 28, 2024 | $0.11 |
| Dec 22, 2023 | Dec 29, 2023 | $0.35 |
| Sep 22, 2023 | Sep 29, 2023 | $0.21 |
FNK Risk
- 17.2%
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.
- 0.52
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.
- 0.97
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
- The middle half of US Value Index funds
- Median 0.20%
39 of the 41 US Value Index funds charge less.