FNK

First Trust Mid Cap Value AlphaDEX Fund
*Unless otherwise stated, data provided by FactSet.

FNK Fund Description

FNK uses a proprietary quant methodology to select value stocks from the S&P Mid Cap 400 Index. The index employs a tiered equal-weighting scheme.

FNK Factset Analytics Insight

FNK offers an alternative but expensive take on US mid-cap value stocks. Its quant-based methodology attempts to outperform the space, resulting in a portfolio than heavily overweights smaller stocks. In total, more than a third of the fund's assets are allocated to small-cap stocks. Unfortunately, despite this additional size risk, FNK hasn't outperformed our benchmark. It is truly a value fund, however, as its P/E and P/B are both considerably lower than our benchmark's. The quant-based methodology pushes FNK's sector exposure toward energy, industrials and basic materials at the expense of financials and utilities. This unique basket comes with high all-in costs. The fee is the highest in the segment, and loose tracking and thin liquidity at retail levels add further to total cost.Note: On April 8, 2016 the fund switched underlying indexes from the old “Defined” index to the current Nasdaq version. The index universe may differ slightly but the factors and methodology are the same.

FNK MSCI ESG Analytics Insight

First Trust Mid Cap Value AlphaDEX Fund has an MSCI ESG Fund Rating of BB based on a score of 3.92 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Mid Cap Value AlphaDEX Fund ranks in the 19th percentile within its peer group and in the 46th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FNK MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

FNK Charts And Performance

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Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNK -0.70% 2.99% 17.24% 9.68% 2.89% 4.69% --
FNK (NAV) -0.81% 3.12% 17.25% 10.25% 2.90% 4.70% --
NASDAQ AlphaDEX Mid Cap Value Index -0.75% 3.34% 18.17% 11.14% 3.66% 55.53% --
MSCI USA Mid Cap Value Index 0.67% 2.59% 23.52% 16.85% 7.87% 8.75% 12.75%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FNK Summary Data

First Trust
04/18/11
Open-Ended Fund
0.70%
$56.44M
$238.54K
0.40%

FNK Portfolio Data

$5.14B
11.65
1.42
1.72%
12/13/19
226

FNK Index Data

Tiered
Multi-Factor
MSCI USA Mid Cap Value Index

FNK Portfolio Management

0.70%
-0.69%
-0.53%
-0.89%

FNK Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FNK Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FNK Factset Analytics Block Liquidity

As of 12/12/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FNK. FNK is rated a 5 out of 5.

FNK Tradability

6,862
$238.54K
2,135
$72.47K
0.40%
$0.14
0.03%
1.06% / -0.96%
None
100.00%
50,000
0.04
0.03%
0.04%
0
$35.32
5

FNK Sector/Industry Breakdown


FNK
Segment Benchmark
32.76%
38.83%
23.02%
18.05%
16.59%
6.08%
8.75%
5.47%
6.93%
4.17%
4.87%
6.60%
2.85%
3.86%
2.27%
11.52%
1.34%
4.71%
0.61%
0.71%

FNK Top 10 Holdings[View All]

Oshkosh Corp 0.86%
PVH Corp. 0.82%
8.35%

FNK Countries


FNK
Segment Benchmark
100.00%
99.54%
--
0.46%

FNK Regions


FNK
Segment Benchmark
100.00%
100.00%

FNK Economic Development


FNK
Segment Benchmark
100.00%
100.00%

FNK Performance Statistics

0.86
1.28
1.29
1.14
0.51%
MSCI USA Mid Cap Value Index

FNK MSCI ESG Ratings

3.92 / 10
46.11
19.08
3.77%
3.32%
217.60

FNK Benchmark Comparison Holdings

226
193
55
17.51%

FNK Benchmark Comparison Summary


FNK
Segment Benchmark
226
193
$5.14B
$13.01B
11.65
28.45
1.42
1.85
2.55%
2.62%
Low
Low

FNK Benchmark Comparison Market Cap Size


FNK
Segment Benchmark
0.00%
43.91%
95.76%
56.02%
4.24%
0.07%
0.00%
0.00%