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First Trust Mid Cap Value AlphaDEX Fund
ETF
FNK
Payout Change
Pending
Price as of:
$55.2585
-0.37
-0.66%
primary theme
U.S. Mid-Cap Value Equity
FNK (ETF)
First Trust Mid Cap Value AlphaDEX Fund
Payout Change
Pending
Price as of:
$55.2585
-0.37
-0.66%
primary theme
U.S. Mid-Cap Value Equity
FNK (ETF)
First Trust Mid Cap Value AlphaDEX Fund
Payout Change
Pending
Price as of:
$55.2585
-0.37
-0.66%
primary theme
U.S. Mid-Cap Value Equity
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.6%
1 yr return
23.1%
3 Yr Avg Return
7.5%
5 Yr Avg Return
11.6%
Net Assets
$226 M
Holdings in Top 10
8.4%
52 WEEK LOW AND HIGH
$55.6
$45.36
$56.95
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 102.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FNK - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 7.5%
- 5 Yr Annualized Total Return 11.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.33%
- Dividend Yield 1.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFirst Trust Mid Cap Value AlphaDEX Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateApr 19, 2011
-
Shares Outstanding5200002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJon Erickson
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an “indexing” investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and is developed, maintained and sponsored by Nasdaq, Inc. (the “Index Provider”). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to maintain Index integrity.According to the Index Provider, the Index is designed to select stocks from the Nasdaq US 600 Mid Cap ValueTM Index (the "Base Index") that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology. Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of mid cap US companies classified as value companies, as determined by the Index Provider.According to the Index Provider, security selection for the Index will be conducted in the following manner:1.The selection universe for the Index begins with all stocks in the Base Index.2.The Index Provider then removes any stocks which do not trade on an eligible exchange; duplicate (multiple share classes) stocks; and stocks which do not meet the Index Provider’s liquidity screens.3.The remaining stocks in the universe are then ranked on both growth and value factors. Each stock is classified as either a value stock or a growth stock, as determined by the Index Provider. A stock classified as a value stock will receive its value rank as its “selection score” and a stock classified as a growth stock will receive its growth rank as its “selection score.” Only those stocks designated as value stocks are eligible for the portfolio.4.The top 225 stocks based on the selection score determined in step 3 comprise the “selected stocks.” The selected stocks are then split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the Index.The Index is reconstituted and rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of October 31, 2023, the Index was composed of 225 securities with a market capitalization range of $1.4 billion to $13.1 billion. The securities of companies represented in the Index generally have market capitalizations that are consistent with the name of the Index. However, the Fund will not sell a security because the security has exceeded or fallen below the current market capitalization range of the Index. As of October 31, 2023, the Fund had significant investments in consumer discretionary companies and financial companies, although this may change from time to time. The Fund's investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of October 31, 2023. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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FNK - Performance
Return Ranking - Trailing
| Period | FNK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | 4.8% | 31.9% | 90.38% |
| 1 Yr | 23.1% | 14.6% | 44.1% | 66.48% |
| 3 Yr | 7.5%* | -1.5% | 15.7% | 35.93% |
| 5 Yr | 11.6%* | 0.8% | 17.8% | 26.99% |
| 10 Yr | 7.7%* | 1.7% | 11.7% | 69.17% |
* Annualized
Return Ranking - Calendar
| Period | FNK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.7% | -11.3% | 33.3% | 7.16% |
| 2022 | -8.8% | -41.6% | 2.3% | 11.14% |
| 2021 | 31.8% | -41.5% | 44.9% | 9.78% |
| 2020 | -0.8% | -29.0% | 22.1% | 65.06% |
| 2019 | 18.3% | -8.1% | 31.2% | 75.07% |
Total Return Ranking - Trailing
| Period | FNK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | 4.8% | 31.9% | 90.38% |
| 1 Yr | 23.1% | 14.6% | 44.1% | 66.48% |
| 3 Yr | 7.5%* | -1.5% | 15.7% | 35.93% |
| 5 Yr | 11.6%* | 0.8% | 17.8% | 26.99% |
| 10 Yr | 7.7%* | 1.7% | 11.7% | 69.17% |
* Annualized
Total Return Ranking - Calendar
| Period | FNK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.0% | -1.7% | 36.5% | 6.89% |
| 2022 | -7.2% | -35.0% | 2.4% | 41.50% |
| 2021 | 33.6% | 6.2% | 48.3% | 13.69% |
| 2020 | 1.2% | -22.9% | 23.2% | 60.23% |
| 2019 | 20.6% | -3.0% | 35.7% | 90.03% |
FNK - Holdings
Concentration Analysis
| FNK | Category Low | Category High | FNK % Rank | |
|---|---|---|---|---|
| Net Assets | 226 M | 991 K | 28 B | 76.92% |
| Number of Holdings | 228 | 8 | 2308 | 14.84% |
| Net Assets in Top 10 | 19.1 M | 319 K | 5.52 B | 87.36% |
| Weighting of Top 10 | 8.36% | 4.6% | 100.2% | 98.63% |
Top 10 Holdings
- M/I Homes Inc 0.93%
- Meritage Homes Corp 0.85%
- Group 1 Automotive Inc 0.84%
- Liberty Broadband Corp 0.84%
- KB Home 0.83%
- Rush Enterprises Inc 0.83%
- Taylor Morrison Home Corp 0.82%
- Radian Group Inc 0.81%
- Affiliated Managers Group Inc 0.81%
- Jackson Financial Inc 0.81%
Asset Allocation
| Weighting | Return Low | Return High | FNK % Rank | |
|---|---|---|---|---|
| Stocks | 99.88% | 56.67% | 103.53% | 4.95% |
| Cash | 0.13% | 0.00% | 38.75% | 82.14% |
| Other | 0.13% | -0.10% | 7.30% | 22.53% |
| Preferred Stocks | 0.00% | 0.00% | 1.68% | 89.56% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 88.12% |
| Bonds | 0.00% | 0.00% | 19.09% | 88.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FNK % Rank | |
|---|---|---|---|---|
| Financial Services | 24.33% | 0.00% | 60.11% | 8.84% |
| Consumer Cyclical | 24.06% | 0.00% | 29.62% | 0.83% |
| Industrials | 13.45% | 0.00% | 29.02% | 63.26% |
| Basic Materials | 7.89% | 0.00% | 23.88% | 19.89% |
| Technology | 7.64% | 0.00% | 30.07% | 75.69% |
| Utilities | 5.36% | 0.00% | 24.69% | 60.22% |
| Real Estate | 4.96% | 0.00% | 40.74% | 75.97% |
| Healthcare | 3.72% | 0.00% | 32.47% | 93.37% |
| Communication Services | 3.72% | 0.00% | 19.80% | 33.43% |
| Consumer Defense | 3.25% | 0.00% | 33.79% | 84.53% |
| Energy | 1.62% | 0.00% | 29.17% | 94.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FNK % Rank | |
|---|---|---|---|---|
| US | 99.88% | 56.67% | 103.53% | 3.30% |
| Non US | 0.00% | 0.00% | 33.85% | 91.21% |
FNK - Expenses
Operational Fees
| FNK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.06% | 16.92% | 83.75% |
| Management Fee | 0.70% | 0.00% | 1.20% | 53.85% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 20.83% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| FNK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FNK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FNK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 102.00% | 0.00% | 227.00% | 93.67% |
FNK - Distributions
Dividend Yield Analysis
| FNK | Category Low | Category High | FNK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.84% | 0.00% | 22.79% | 48.21% |
Dividend Distribution Analysis
| FNK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| FNK | Category Low | Category High | FNK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.33% | -1.84% | 4.73% | 18.84% |
Capital Gain Distribution Analysis
| FNK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.255 | OrdinaryDividend |
| Jun 27, 2024 | $0.212 | OrdinaryDividend |
| Mar 21, 2024 | $0.114 | OrdinaryDividend |
| Dec 22, 2023 | $0.349 | OrdinaryDividend |
| Sep 22, 2023 | $0.212 | OrdinaryDividend |
| Jun 27, 2023 | $0.183 | OrdinaryDividend |
| Mar 24, 2023 | $0.155 | OrdinaryDividend |
| Dec 23, 2022 | $0.258 | OrdinaryDividend |
| Sep 23, 2022 | $0.183 | OrdinaryDividend |
| Jun 24, 2022 | $0.145 | OrdinaryDividend |
| Mar 25, 2022 | $0.127 | OrdinaryDividend |
| Dec 23, 2021 | $0.221 | OrdinaryDividend |
| Sep 23, 2021 | $0.200 | OrdinaryDividend |
| Jun 24, 2021 | $0.132 | OrdinaryDividend |
| Mar 25, 2021 | $0.043 | OrdinaryDividend |
| Dec 24, 2020 | $0.224 | OrdinaryDividend |
| Sep 24, 2020 | $0.140 | OrdinaryDividend |
| Jun 25, 2020 | $0.145 | OrdinaryDividend |
| Mar 26, 2020 | $0.067 | OrdinaryDividend |
| Dec 13, 2019 | $0.263 | OrdinaryDividend |
| Sep 25, 2019 | $0.259 | OrdinaryDividend |
| Jun 14, 2019 | $0.100 | OrdinaryDividend |
| Mar 21, 2019 | $0.032 | OrdinaryDividend |
| Dec 18, 2018 | $0.217 | OrdinaryDividend |
| Sep 14, 2018 | $0.099 | OrdinaryDividend |
| Jun 21, 2018 | $0.181 | OrdinaryDividend |
| Mar 22, 2018 | $0.040 | OrdinaryDividend |
| Dec 21, 2017 | $0.218 | OrdinaryDividend |
| Sep 21, 2017 | $0.117 | OrdinaryDividend |
| Jun 22, 2017 | $0.112 | OrdinaryDividend |
| Mar 23, 2017 | $0.061 | OrdinaryDividend |
| Dec 21, 2016 | $0.151 | OrdinaryDividend |
| Sep 21, 2016 | $0.108 | OrdinaryDividend |
| Jun 22, 2016 | $0.116 | OrdinaryDividend |
| Mar 23, 2016 | $0.079 | OrdinaryDividend |
| Dec 23, 2015 | $0.128 | OrdinaryDividend |
| Sep 23, 2015 | $0.093 | OrdinaryDividend |
| Jun 24, 2015 | $0.104 | OrdinaryDividend |
| Mar 25, 2015 | $0.057 | OrdinaryDividend |
| Dec 23, 2014 | $0.127 | OrdinaryDividend |
| Sep 23, 2014 | $0.099 | OrdinaryDividend |
| Jun 24, 2014 | $0.048 | OrdinaryDividend |
| Mar 25, 2014 | $0.059 | OrdinaryDividend |
| Dec 18, 2013 | $0.074 | OrdinaryDividend |
| Sep 20, 2013 | $0.052 | OrdinaryDividend |
| Jun 21, 2013 | $0.063 | OrdinaryDividend |
| Mar 21, 2013 | $0.040 | OrdinaryDividend |
| Dec 21, 2012 | $0.145 | OrdinaryDividend |
| Jun 21, 2012 | $0.077 | OrdinaryDividend |
| Dec 21, 2011 | $0.071 | OrdinaryDividend |
| Jun 21, 2011 | $0.040 | OrdinaryDividend |
FNK - Fund Manager Analysis
Managers
Jon Erickson
Start Date
Tenure
Tenure Rank
Apr 19, 2011
11.12
11.1%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Apr 19, 2011
11.12
11.1%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Apr 19, 2011
11.12
11.1%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
David McGarel
Start Date
Tenure
Tenure Rank
Apr 19, 2011
11.12
11.1%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Apr 19, 2011
11.12
11.1%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Chris Peterson
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.16 | 10.92 |
