Key stats
About First Trust Mid Cap Value AlphaDEX Fund
Expense ratio
0.70%
Home page
Inception date
Apr 19, 2011
ISIN
US33737M2017
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
What's in the fund
Exposure type
Finance
Energy Minerals
Stock breakdown by region