Key stats
About First Trust Mid Cap Value AlphaDEX Fund
Expense ratio
0.70%
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Inception date
Apr 19, 2011
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
Energy Minerals
Stocks99.89%
Finance27.70%
Energy Minerals11.90%
Retail Trade7.77%
Utilities6.78%
Producer Manufacturing6.45%
Consumer Durables5.72%
Process Industries5.18%
Industrial Services4.27%
Distribution Services3.92%
Health Technology3.39%
Consumer Non-Durables3.04%
Transportation2.26%
Technology Services2.19%
Commercial Services2.12%
Non-Energy Minerals1.79%
Electronic Technology1.79%
Consumer Services1.47%
Communications1.13%
Health Services1.01%
Bonds, Cash & Other0.11%
Cash0.11%
Miscellaneous−0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history