Symbols

FNK

First Trust Mid Cap Value AlphaDEX Fund·NASDAQ

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Key Stats

Assets Under Management

207.71MUSD

Fund Flow (1Y)

-27.78MUSD

Dividend Yield

1.48%

Discount / Premium to NAV

-0.01%

Shares Outstanding

3.60M

Expense Ratio

0.74%

About First Trust Mid Cap Value AlphaDEX Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=Fnk

Inception Date

Apr 19, 2011

Structure

Open-Ended Fund

Index Tracked

NASDAQ AlphaDEX Mid Cap Value Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FNK offers an alternative take on US mid-cap 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.