First Trust Mid Cap Value AlphaDEX Fund
FNK
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Apr 20, 2011
- CIK
- 0001383496
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before fees and expenses, of the Nasdaq AlphaDEX Mid Cap Value Index. The fund employs the proprietary AlphaDEX selection methodology to identify value stocks from the NASDAQ US 600 Mid Cap Index, focusing on those with potential to generate positive alpha or risk-adjusted returns relative to traditional indices; it holds approximately 226 mid-cap value stocks, with heaviest sector allocations to financials (24%), consumer discretionary, and industrials, including top holdings such as Alcoa Corporation, Knight-Swift Transportation Holdings Inc., and CNX Resources Corporation. Shares trade on the Nasdaq exchange, with assets under management of approximately $202.54 million, a net expense ratio of 0.70%, and a 12-month trailing dividend yield of 1.51%. Launched on April 19, 2011, and domiciled in the United States with investment advisor First Trust Advisors L.P. headquartered in Wheaton, Illinois, the fund targets investors seeking exposure to U.S. mid-cap value equities through a smart beta strategy that applies equal-tiered weighting. The underlying index changed on April 8, 2016, from the Defined Mid Cap Value Index to the current Nasdaq AlphaDEX Mid Cap Value Index, enhancing its stock selection process. In recent developments, First Trust Advisors announced monthly distributions for FNK and numerous other ETFs in November and December 2025, alongside a proposed reorganization of four Vest-advised mutual funds into First Trust-advised funds in October 2025, reflecting ongoing portfolio and strategic expansions within the advisor's offerings. The fund operates exclusively in U.S. markets, providing diversified mid-cap value exposure without direct international geographic operations.