FNKFirst Trust Mid Cap Value AlphaDEX Fund
FNK Fund Description
FNK tracks a midcap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme.
FNK Factset Analytics Insight
FNK offers an alternative take on US midcap 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 Fund’s tracked the Defined Mid Cap Value Index, the 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 BBB based on a score of 5.52 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 38th percentile within its peer group and in the 65th 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 Summary Data
FNK Portfolio Data
FNK Index Data
FNK Portfolio Management
FNK Tax Exposures
FNK Fund Structure
FNK Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
FNK Top 10 Holdings[View All]
FNK Economic Development
FNK Performance Statistics
FNK MSCI ESG Ratings
FNK Benchmark Comparison Summary
FNK Benchmark Comparison Market Cap Size