FNK First Trust Mid Cap Value AlphaDEX ETF
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FNK First Trust Mid Cap Value AlphaDEX ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Mid Cap Value Index. The Index ranks 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 its selection score based on its 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.
On April 8, 2016, the fund's underlying index changed from the Defined Mid Cap Value Index to the NASDAQ AlphaDEX® Mid Cap Value Index.
$40.77 -0.62 (-1.50%)
As of 03/24/2023 09:30:00 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Mid cap
Morningstar category: Small Value
Leverage factor: 1.00
Inception date: 04/19/2011
Index tracking method: Passive replication
Current yield: 1.48%
Historical average yield: 1.42%
Market cap: $254,548,583
Average volume: 61,456
Fees: 0.7000%
Index Information
Nasdaq AlphaDEX Mid Cap Value Index
Index symbol: NQDXUSMCV
Provider: NASDAQ OMX
Total return index symbol: NQDXUSMCVT
Index weighting: Value score
Index inception date: 01/11/2016
Backtesting data exists: Yes
Number of holdings: 225
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: