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FNK - ETF AI Analysis
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First Trust Mid Cap Value AlphaDEX Fund (FNK)
Rating:69Neutral
Price Target:―
Positive Factors
Broad Sector Diversification
The ETF is spread across 11 sectors, reducing the risk of being overly reliant on any single industry.
Strong U.S. Focus
With nearly all assets invested in U.S. companies, the fund benefits from exposure to one of the world's largest and most stable economies.
Steady Asset Base
The fund has a healthy level of assets under management, indicating investor confidence and stability.
Negative Factors
Underperforming Top Holdings
Several of the largest positions, such as Avantor and Molina Healthcare, have shown weak year-to-date performance, which could drag on returns.
High Expense Ratio
The ETF charges a relatively high expense ratio compared to many other funds, which can eat into investor returns over time.
Minimal Global Exposure
The fund is heavily concentrated in U.S. companies, offering little diversification across international markets.
FNK vs. SPDR S&P 500 ETF (SPY)
AUM203.11M
RegionNorth America
Expense Ratio0.70%
Beta0.85
IssuerFirst Trust
Inception DateApr 19, 2011
Dividend Yield1.51%
Asset ClassEquity
Index TrackedNASDAQ AlphaDEX Mid Cap Value Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume5,820
30 Day Avg. Volume6,244
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
62.92Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering224
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FNK Summary
The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an ETF that focuses on mid-sized companies in the U.S., using a smart strategy to pick stocks with strong value traits like low price-to-book ratios and solid cash flow. It follows the NASDAQ AlphaDEX Mid Cap Value Index and includes well-known companies like Molson Coors and Gap Inc. Investors might consider FNK for portfolio diversification and to tap into the growth potential of mid-cap stocks that are often overlooked. However, since it focuses on mid-cap companies, its performance can be more volatile compared to larger, more established firms.
How much will it cost me?The expense ratio for the First Trust Mid Cap Value AlphaDEX Fund (FNK) is 0.7%, which means you’ll pay $7 per year for every $1,000 invested. This is higher than average because FNK uses an actively managed smart beta strategy to select stocks with strong value characteristics, rather than passively tracking an index.
What would affect this ETF?FNK's focus on U.S. mid-cap value stocks could benefit from economic recovery and increased consumer spending, especially in sectors like financials and consumer cyclicals, which are heavily weighted in the fund. However, rising interest rates or economic slowdowns could negatively impact mid-cap companies and sectors like real estate and energy, which are more sensitive to such changes. Regulatory shifts or geopolitical tensions affecting U.S.-based businesses may also influence the ETF's performance.
FNK Top 10 Holdings
The FNK ETF leans heavily into financials and consumer cyclical sectors, with names like Abercrombie & Fitch and Alcoa driving recent gains thanks to strong earnings and strategic growth initiatives. Amkor is another standout, riding bullish momentum with robust cash flow and strategic investments. However, Universal Health Services has been a mixed bag, with legal challenges weighing on its outlook despite solid fundamentals. The fund’s focus on U.S. mid-cap value stocks provides a balanced mix of rising stars and steady performers, though its sector concentration may amplify risks if market conditions shift.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Alcoa | 1.17% | $2.39M | $13.89B | 38.95% | 76 Outperform | |
| Abercrombie Fitch | 1.06% | $2.17M | $5.68B | -18.58% | 78 Outperform | |
| Knight Transportation | 0.97% | $1.98M | $8.70B | 0.66% | 64 Neutral | |
| Gap Inc | 0.89% | $1.82M | $9.81B | 9.74% | 76 Outperform | |
| NOV | 0.85% | $1.72M | $5.74B | 8.55% | 72 Outperform | |
| Lear | 0.83% | $1.70M | $6.07B | 22.99% | 75 Outperform | |
| CNX Resources | 0.83% | $1.69M | $5.09B | 2.83% | 64 Neutral | |
| Amkor | 0.83% | $1.68M | $10.10B | 54.36% | 69 Neutral | |
| Centene | 0.80% | $1.64M | $19.46B | -34.90% | 58 Neutral | |
| Universal Health | 0.80% | $1.63M | $14.20B | 25.41% | 74 Outperform |
FNK Technical Analysis
Positive
―
Price Trends
54.40
Positive
54.51
Positive
52.16
Positive
Market Momentum
0.61
Positive
61.36
Neutral
38.91
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FNK, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.81, equal to the 50-day MA of 54.40, and equal to the 200-day MA of 52.16, indicating a bullish trend. The MACD of 0.61 indicates Positive momentum. The RSI at 61.36 is Neutral, neither overbought nor oversold. The STOCH value of 38.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNK.
FNK Peer Comparison
Comparison Results
Performance Comparison
FNK
First Trust Mid Cap Value AlphaDEX Fund
56.36
3.44
6.50%
IMCV
iShares Morningstar Mid-Cap ETF
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―
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NUMV
Nuveen ESG Mid-Cap Value ETF
―
―
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XMVM
Invesco S&P MidCap Value with Momentum ETF
―
―
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AVMV
Avantis U.S. Mid Cap Value ETF
―
―
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RFV
Invesco S&P Midcap 400 Pure Value ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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