FNK - ETF AI Analysis

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First Trust Mid Cap Value AlphaDEX Fund (FNK)

Rating:69Neutral

Price Target:―

FNK’s rating suggests it is a solid but not top-tier mid-cap value ETF, supported by strong contributors like Toll Brothers and Alcoa, which benefit from robust financial performance, reasonable valuations, and generally positive technical trends. However, several holdings such as CarMax, Fluor, and Mosaic face challenges including bearish or mixed technical signals, cash flow issues, and operational or market headwinds, which weigh on the fund’s overall appeal. The main risk factor is that many holdings share similar issues around cash flow pressure and market or economic challenges, which could affect the ETF if conditions worsen.

Positive Factors

Strong Recent Performance

The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Top Holdings Showing Solid Gains

Many of the largest positions, such as CarMax, Bunge Global, and Alcoa, have delivered strong year-to-date performance, helping support the fund’s returns.

Broad Sector Diversification

The fund spreads its investments across many sectors, including financials, consumer cyclical, industrials, energy, and others, which helps reduce the impact of weakness in any single industry.

Negative Factors

High Expense Ratio

The ETF charges a relatively high fee, which can eat into long-term returns compared with lower-cost alternatives.

Heavy U.S. Concentration

With almost all assets invested in U.S. companies, the fund offers very limited geographic diversification and is highly tied to the U.S. market.

Cyclical Sector Tilt

Large weights in financials, consumer cyclical, and energy mean the fund may be more sensitive to economic slowdowns and market swings.

FNK vs. SPDR S&P 500 ETF (SPY)

AUM220.17M

RegionNorth America

Expense Ratio0.74%

Beta0.86

IssuerFirst Trust

Inception DateApr 19, 2011

Dividend Yield1.4%

Asset ClassEquity

Index TrackedNASDAQ AlphaDEX Mid Cap Value Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume7,935

30 Day Avg. Volume7,186

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

66.52

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering224

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FNK Summary

FNK is an exchange-traded fund that follows the NASDAQ AlphaDEX Mid Cap Value Index, focusing on medium-sized U.S. companies that look undervalued. It spreads your money across many sectors like financials, consumer companies, and industrials, with holdings such as CarMax and Bunge Global. Someone might invest in FNK to seek growth from mid-sized companies while also getting diversification across many industries. A key risk is that mid-cap value stocks can be more volatile than large, well-known companies, so the fund’s price can go up and down with changes in the stock market.

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

FNK is leaning into classic mid-cap value stories, with U.S. names like Alcoa and NOV doing much of the heavy lifting as their shares have been rising on improving fundamentals and upbeat technicals. CarMax and Meritage are more mixed, with solid value appeal but choppier trading and cash flow concerns that can occasionally put a lid on gains. Mosaic and Mohawk look like recovery plays that haven’t fully found their footing yet. Overall, the fund is broadly diversified across cyclical sectors rather than dominated by any single stock or theme, and it’s firmly U.S.-focused.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
BG	Bunge Global	0.94%	$2.09M	$23.55B	73.29%	66 Neutral
FLR	Fluor	0.91%	$2.01M	$8.16B	32.66%	64 Neutral
CRC	California Resources Corp	0.90%	$2.00M	$5.17B	21.77%	71 Outperform
NOV	NOV	0.88%	$1.95M	$7.20B	31.09%	72 Outperform
OVV	Ovintiv	0.88%	$1.95M	C$19.05B	11.26%	60 Neutral
PR	Permian Resources	0.87%	$1.92M	$14.66B	22.21%	81 Outperform
MOS	Mosaic Co	0.85%	$1.89M	$9.34B	13.30%	65 Neutral
MGY	Magnolia Oil & Gas	0.84%	$1.86M	$4.92B	10.08%	65 Neutral
MTDR	Matador Resources	0.84%	$1.85M	$6.17B	-7.81%	82 Outperform
EMN	Eastman Chemical	0.83%	$1.84M	$9.16B	-22.41%	72 Outperform

FNK Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

58.01

Positive

100DMA

56.02

Positive

200DMA

54.20

Positive

Market Momentum

MACD

0.81

Positive

RSI

61.94

Neutral

STOCH

56.16

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 59.69, equal to the 50-day MA of 58.01, and equal to the 200-day MA of 54.20, indicating a bullish trend. The MACD of 0.81 indicates Positive momentum. The RSI at 61.94 is Neutral, neither overbought nor oversold. The STOCH value of 56.16 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FNK	―	―	$220.17M	0.74%	―
AVMV	―	―	$506.37M	0.20%	―
NUMV	―	―	$442.70M	0.31%	―
XMVM	―	―	$401.33M	0.39%	―
RFV	―	―	$318.99M	0.35%	―
TMVE	―	―	$300.17M	0.55%	―

Performance Comparison

FNK

First Trust Mid Cap Value AlphaDEX Fund

60.62

8.50

16.31%

AVMV

Avantis U.S. Mid Cap Value ETF

―

NUMV

Nuveen ESG Mid-Cap Value ETF

―

XMVM

Invesco S&P MidCap Value with Momentum ETF

―

RFV

Invesco S&P Midcap 400 Pure Value ETF

―

TMVE

Thrivent Mid Cap Value ETF

―

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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