ATLASFirst Trust Mid Cap Value AlphaDEX Fund (FNK): outlook, holdings and fees
First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.68% and the yield is 1.65%. The ten largest holdings are 8% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FNK
| Last price | $64.98 (+1.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $63.47 – $67.16 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 1.65% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FNK fund facts
| Issuer | First Trust |
|---|---|
| Theme | US mid caps |
| Assets under management | $217M |
| Expense ratio | 0.68% |
| Number of holdings | 50 |
| Portfolio turnover | 100% |
| Inception | Apr 19, 2011 |
| Exchange | NASDAQ |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select value stocks from the NASDAQ US 600 Mid Cap Index TM (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
FNK top holdings
| Holding | Sector | Weight |
|---|---|---|
| Radian Group Inc RDN | Financial Services | 0.80% |
| APA Corporation APA | Energy | 0.78% |
| Range Resources Corp RRC | Energy | 0.82% |
| SM Energy Co SM | Energy | 0.79% |
| PBF Energy Inc PBF | Energy | 0.79% |
| CNX Resources Corp CNX | Energy | 0.82% |
| International Seaways Inc INSW | Energy | 0.82% |
| LYFT Inc LYFT | Technology | 0.76% |
| Essent Group Ltd ESNT | Financial Services | 0.76% |
| Antero Resources Corp AR | Energy | 0.79% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FNK sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 24.2% |
| Consumer Cyclicals | 19.1% |
| Energy | 13.6% |
| Industrials | 9.6% |
| Technology | 8.7% |
| Real Estate | 6.7% |
| Utilities | 4.9% |
| Basic Materials | 4.1% |
| Consumer Defensive | 4.0% |
| Healthcare | 3.7% |
| Communication Services | 1.5% |
By region: North America 98.8%, Asia Emerging 0.9%, Latin America 0.3%.
FNK returns and risk
| Year to date | +9.8% |
|---|---|
| 1 year | +9.8% |
| 3 years (annualised) | +13.5% |
| 5 years (annualised) | +8.0% |
| 10 years (annualised) | +9.2% |
| Volatility (3 years) | 17.3% |
| Sharpe ratio (3 years) | 0.44 |
Past returns do not guarantee future results.
FNK: frequently asked questions
What does FNK invest in?
First Trust Mid Cap Value AlphaDEX Fund invests in a portfolio of securities. Its largest holdings are Radian Group Inc (0.8%), APA Corporation (0.8%), Range Resources Corp (0.8%), SM Energy Co (0.8%), PBF Energy Inc (0.8%).
What is the FNK expense ratio?
0.68% a year: about $68.00 for every $10,000 invested.
What is the FNK dividend yield?
1.65%. ATLAS does not hold the exact distribution dates for ETFs.
Will FNK go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $63.47 to $67.16 from $64.98 today. It is a probability, not a prediction.
How has FNK performed?
Year to date +9.8%, one year +9.8%, three years +13.5% a year, five years +8.0% a year. Past returns do not guarantee future results.
Similar ETFs: US mid caps
- iShares Core S&P Mid-Cap ETF (IJH)
- Vanguard Mid-Cap Index Fund ETF Shares (VO)
- iShares Russell Mid-Cap ETF (IWR)
- Vanguard Morningstar Mid-Cap Value ETF (VOE)
- iShares Russell Mid-Cap Growth ETF (IWP)
- Vanguard Mid-Cap Growth ETF (VOT)
- State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)
- iShares Russell Mid-Cap Value ETF (IWS)
Educational information, not investment advice. Disclaimer