FNK

Fund Description
The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Mid Cap Value Index (the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Mid Cap Value Index is an enhanced index created and administered by Nasdaq, Inc. ( Nasdaq ) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Value Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Mid Cap Value Index by ranking the eligible stocks from the NASDAQ US 600 Mid Cap Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 225 stocks based on the selection score determined in the previous step comprise the selected stocks . The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.
Fund Profile
Fund Name First Trust Mid Cap Value AlphaDEX Fund
Fund Exchange Ticker FNK
Fund Sponsor First Trust
Fund ISIN US33737M2017
Net Expense Ratio 0.70 %
Fund Inception Date 19 April 2011
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - US Style
Asset Class Equities (Stocks)
Index Linked Passive
Index Name NASDAQ AlphaDEX Mid Cap Value Index
Index Provider Nasdaq
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Mid Cap
Growth Value Value
Continent North America
Key Statistics
Return As of Date 23 September 2021
Asset Under Management 122.79 Million (USD)
1 Month Total Return -1.41 %
Year To Date Return 26.04 %
1 Year Total Return 70.26 %
3 Year Annualized Total Return 7.86 %
NAV 44.65
Share Outstanding 2,750,000
Top 10 Holdings (23 September 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
DICK'S SPORTING GOODS INC DKS EQUI 0.0104000000
PENSKE AUTOMOTIVE GROUP INC PAG EQUI 0.0102000000
AUTONATION INC AN EQUI 0.0095000000
BUILDERS FIRSTSOURCE INC BLDR EQUI 0.0094000000
AMKOR TECHNOLOGY INC AMKR EQUI 0.0084000000
KNIGHT-SWIFT TRANSPORTATION KNX EQUI 0.0084000000
SANTANDER CONSUMER USA HOLDI SC EQUI 0.0084000000
MGIC INVESTMENT CORP MTG EQUI 0.0082000000
The Mosaic Company MOS EQUI 0.0081000000
JEFFERIES FINANCIAL GROUP IN JEF EQUI 0.0080000000