FNK
First Trust Mid Cap Value AlphaDEX Fund
📎 Investment Objective
The First Trust Mid Cap Value AlphaDEX Fund (FNK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX® Mid Cap Value Index.
Overview
ETF tracking First Trust Mid Cap Value AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Mid Cap Value AlphaDEX Fund (FNK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX® Mid Cap Value Index.
🎯 Investment Strategy
The fund employs an 'AlphaDEX' stock selection methodology to identify mid-cap value stocks that the fund's index provider believes have the greatest potential for capital appreciation. The portfolio is rebalanced and reconstituted on a periodic basis.
✨ Key Features
- Focuses on mid-cap value stocks that exhibit growth characteristics
- Uses a proprietary stock selection methodology to identify potential outperformers
- Diversified portfolio across multiple sectors and industries
- Passively managed to track the performance of the underlying index
⚠️ Primary Risks
- Market risk - the value of the fund's holdings may decline due to general market conditions
- Sector risk - the fund may be overweight in certain sectors, making it more vulnerable to that sector's performance
- Style risk - the fund's value orientation may underperform growth or blend styles at times
- Liquidity risk - mid-cap stocks may have lower trading volumes, making them harder to buy/sell
👤 Best For
The First Trust Mid Cap Value AlphaDEX Fund may be suitable for investors seeking exposure to a diversified portfolio of mid-cap value stocks with the potential for capital appreciation. It may be appropriate as a core or satellite holding in a broader investment portfolio.