About First Trust Mid Cap Value AlphaDEX Fund (FNK)

First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that tracks the performance of mid-cap value stocks in the United States. The fund is managed by First Trust Advisors and seeks to provide investment results that correspond to the price and yield of the Nasdaq AlphaDEX Mid Cap Value Index. FNK offers investors exposure to a diversified portfolio of mid-cap value stocks, providing potential for long-term capital appreciation. As of the latest market close, the ETF had a net asset value (NAV) of $XXX million.

The performance of FNK is influenced by a variety of factors including stock selection, sector allocation, and market conditions. The fund uses a unique indexing methodology called the AlphaDEX selection methodology, which uses fundamental factors to select and weight stocks in the index. This methodology aims to outperform traditional market capitalization-weighted indexes by focusing on stocks with strong fundamentals and favorable valuations. FNK's portfolio consists of approximately XXX holdings, with the largest sectors being XXX, XXX, and XXX. The top holdings of the fund include XXX, XXX, and XXX.