First Trust Mid Cap Value AlphaDEX Fund (FNK) is a multi-factor ETF. As of October 9, 2026, ETF Copilot scores FNK 3.7 out of 10 — highest on Value (7.3), lowest on Growth (1.5). It trades at 10.9 times earnings, against its own median of 11.2. Its ten largest holdings are 8% of the fund.
What stands out in FNK's data
U.S. mid-cap value stocks, selected by a multi-factor screen.
Has lagged most peers over the past three years — a recent stretch that has tested the strategy.
Returned 13% annualized over three years, behind most peers whose median was 18%. Its expense ratio runs at 0.7%.
A mid-cap value tilt that has recently lagged — a contrarian position for a patient portfolio.
How is FNK rated? ETF Copilot scores First Trust Mid Cap Value AlphaDEX Fund (FNK) 3.7 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Mid Cap Value AlphaDEX Fund (FNK) 3.7 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.7 / 10
- Growth: 1.5 / 10
- Value: 7.3 / 10
- Risk: 4.7 / 10
- Quality: 2.8 / 10
- Return: 3.3 / 10
Is FNK expensive right now? It trades at 10.9 times earnings, against its own median of 11.2
As of October 9, 2026, FNK is cheaper than 58% of its own 115 monthly readings since 2017 — 48 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FNK?
What's inside FNK: Size (Large 1%, Mid 77%, Small 23%); Geography (International 6%, US 94%); Tech 6.3%.
What are FNK's top holdings? The ten largest are 8% of the fund
PBF Energy, Radian, International Seaways, Range Resources, Essent, SM Energy, APA, CNX Resources, Antero Resources and Mgic Investment are FNK's largest holdings, in that order.
Less concentrated than 69% of Multi-factor ETFs.
Half of FNK's weight sits in its 72 largest positions, and once those weights are taken into account it behaves like 181 equally weighted holdings.
What is FNK's expense ratio? 0.74% a year
As of October 9, 2026, FNK charges 0.74% a year, yields 1.64% and holds $224M in assets across 223 positions.
| Measure | FNK |
|---|---|
| Expense ratio | 0.74% |
| Dividend yield | 1.64% |
| Assets under management | $224M |
| Holdings | 223 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Mid Cap Value AlphaDEX Fund (FNK) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fnk
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