FNK
First Trust Mid Cap Value AlphaDEX Fund
First Trust Mid Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Mid Cap Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
213.0 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2011 |
| Assets (mns) | $213 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NEW FORTRESS ENERGY INC. CLASS A | 1.0 % |
| URBAN OUTFITTERS INC | 1.0 % |
| CHESAPEAKE ENERGY CORP | 0.9 % |
| CNX RESOURCES CORPORATION | 0.8 % |
| NORTHERN OIL AND GAS INC | 0.8 % |
| MATADOR RESOURCES CO | 0.8 % |
| UGI CORP | 0.8 % |
| ASSURED GUARANTY LTD | 0.8 % |
| HELMERICH & PAYNE | 0.8 % |
| AIR LEASE CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 226 |
| Herfindahl-Hirschman Index | 55 |
| Wgt avg mkt cap (mns) | $7,030 |
| Large cap (>$10bn) | 15.8% |
| Mid cap ($2-10bn) | 81.1% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.5 % |
 |
BERMUDA | 3.8 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.3% | 27.9% | 14.7% | 11.0% | 12.5% | 8.3% | 9.4% | Volatility | 17.3% | 18.9% | 20.5% | 22.1% | 29.1% | 23.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 66% |
| MSCI EAFE | 1.10 | 68% |
| MSCI Emg Mkts | 0.81 | 36% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $12,881 |
Technical Indicators
| Recent close | $52.60 |
| 30d moving avg. | $56.70 |
| Annualized volatility | 23.3% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 3.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FNK |
Expenses vs. FNK |
ALTAR Score™ vs. FNK |
|---|---|---|---|---|
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 55.5% | -10 bp | -3.4% |
| EZM | WisdomTree U.S. MidCap Fund | 41.5% | -32 bp | -3.0% |
| DFAT | Dimensional U.S. Targeted Value ETF | 34.8% | -42 bp | -2.5% |
| DFSV | Dimensional US Small Cap Value ETF | 34.7% | -39 bp | -1.8% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 32.3% | -52 bp | -3.3% |
| ISCV | iShares Morningstar Small Cap Value ETF | 31.8% | -64 bp | -3.1% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 31.8% | -55 bp | -3.4% |
| DON | WisdomTree U.S. MidCap Dividend Fund | 31.7% | -32 bp | -2.5% |
| JHSC | John Hancock Multifactor Small Cap ETF | 31.6% | -28 bp | -3.8% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 31.4% | -55 bp | -3.4% |
Risk and Returns: FNK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FNK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FNK
10.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. FNK's ALTAR Score™ is approximately
2.0 standard deviations
above
the category average. This places FNK in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FNKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FNK (70 bp) Percentile rank | 77 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FNK | 70.0 | 13.8 | 83.8 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .