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FNK ETF · First Trust Mid Cap Value AlphaDEX Fund ETF
The FNK Exchange Traded Fund (ETF) is provided by First Trust. It is built to track an index: NASDAQ AlphaDEX Mid Cap Value Index. The FNK ETF provides physical exposure, so by buying it you actually own parts of all the 224 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofUS Mid Cap Value1M perf.-5.77%
Last price
$56.40
1M perf.
-6.00%
1M flows
+€37K
AuM
€177M
E/R
0.74%
Rating
ESG Consensus®
FNK
$56.40
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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FNK
$56.48
-0.38%
US Mid Cap Value
+1.08%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -6.00%  | -0.38% | +15.45% | +40.69% | +39.83%  | -5.70% | +1.48% | +1.48% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
$56.46
1D NAV change
-1.15%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
224
Inception date
4/19/2011
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The First Trust Mid Cap Value AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to 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 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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.38% | +15.45% | +40.69% | +39.83% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
USA
92.43%
Bermuda
4.04%
Ireland
1.77%
Unavailable
0.86%
Other
0.90%
Sectors
Financials
23.36%
Consumer Discretionary
15.66%
Industrials
12.80%
Energy
8.97%
Utilities
7.06%
Materials
6.57%
Consumer Staples
5.93%
Information Technology
5.87%
Unavailable
6.22%
Other
7.56%
Diversification
Total weight of top 15 holdings out of 224
Top 15 holdings
Data as of January 31, 2026
CH1300646267
CALIFORNIA RESOURCES
NOV INC
FLUOR
MAGNOLIA OIL AND GAS CORP
US71424F1057
CARMAX
THE MOSAIC COMPANY
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HF SINCLAIR CORPORATION
OVINTIV INC
LKQ
EASTMAN CHEMICAL
CABOT
APA CORPORATION
CHORD ENERGY CORPORATION
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about FNK ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
FNK’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
79.67% of holdings have positive scoring
20.91% of holdings have negative scoring
13.34%
49.20%
17.13%
14.08%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
NASDAQ AlphaDEX Mid Cap Value Total Return Index - USD
Index ticker
NQDXMCVT Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
First Trust
First Trust ID Card
Number of funds
401
Total AuM
€211.16B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.7991%
Top 5 funds by First Trust
| AuM | ||
|---|---|---|
RDVY | First Trust NASDAQ Rising Dividend Achievers ETF | €17.19B |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | €8.73B |
CIBR | First Trust NASDAQ Cybersecurity ETF | €8.53B |
BUFR | FT Vest Fund of Buffer ETF | €7.48B |
FVD | First Trust Value Line Dividend ETF - USD | €7.16B |
Frequently asked questions about FNK
What does First Trust Mid Cap Value AlphaDEX Fund ETF, FNK, invest in?
FNK is a Passive ETF. This ETF provides exposure to Other Mid Cap US Equities.
Which benchmark or index does FNK replicate?
FNK tracks the NASDAQ AlphaDEX Mid Cap Value Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of FNK?
FNK carries a total expense ratio (TER) of 0.74%, indicating the annual cost for holding the fund.
When was FNK launched?
FNK was introduced to the market on April 19, 2011. It trades on United States
Who is the ETF issuer of FNK?
First Trust Mid Cap Value AlphaDEX Fund ETF, FNK, is provided by First Trust. Learn more about First Trust here.
What is the current assets under management (AUM) of FNK?
FNK oversees €177M in assets as of March 12, 2026.
How has FNK performed lately?
Based on data from March 12, 2026, FNK returned -6.00% over the past month, -0.38% over the last three months and 1.48% year-to-date.
What are the latest inflows or outflows for FNK?
As of March 12, 2026, FNK recorded net flows of -€19K over the last month and -€19K year-to-date.
Does FNK distribute dividends?
FNK follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 1.51%.
What are the main country or region exposures of FNK?
As of January 31, 2026, FNK has significant geographic allocations in USA, Bermuda and Ireland.
In which sector or theme does FNK invest in?
As of January 31, 2026, FNK focuses largely on Financials, Consumer Discretionary and Industrials.
How many securities does FNK hold and how diversified is it?
As of January 31, 2026, FNK holds 224 positions in its portfolio, with 12.04% of assets concentrated in its top 15 holdings.
What are the main positions in FNK?
As of January 31, 2026, FNK top three holdings include CH1300646267, CALIFORNIA RESOURCES and NOV INC.
What is the base currency of FNK?
The base currency of FNK is USD.
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