ETF Research

FNK: FIRST TRUST MID CAP VALUE ALPHADEX FUND

Generated from StockValueFinder data · Updated Oct 11, 2026 7:53 PM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

ETF Education Report: FIRST TRUST MID CAP VALUE ALPHADEX FUND (FNK)

What this ETF is trying to do

The FIRST TRUST MID CAP VALUE ALPHADEX FUND (ticker: FNK) is an exchange-traded fund (ETF). While the specific investment strategy isn't detailed in the data, its name suggests it focuses on "mid-cap value" companies. This generally means it looks for medium-sized companies that may be priced lower than their actual worth.

What the numbers show

When looking at an ETF, it is important to understand two different types of returns: price return and total return.

• Price Return: This measures only the change in the share price.

• Total Return: This includes both the share price change AND any cash distributions (dividends) paid out to investors.

Here is how FNK has performed:

• Year-to-Date (YTD): The price return is approximately 8.17%, while the total return is approximately 9.45%.

• One Year: The price return is approximately 10.44%, while the total return is approximately 12.31%.

• Three Years: The price return is approximately 37.44%, while the total return is approximately 44.57%.

To visualize the price change, the estimated price from roughly one year ago was $54.51. The current price is $60.20.

Income and distribution explanation

Some investors look for ETFs that pay out cash regularly. This is called a distribution yield. For FNK, the distribution yield is approximately 1.63%. This represents the cash distributions relative to the current ETF price.

The fund usually pays out these distributions quarterly, with 4 payouts recorded over the last 12 months. It is important to remember that a distribution yield tells you how much cash was paid out, but it is not the same thing as your total return.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases over time. Some investors worry that high payouts might cause this. However, for FNK, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this fund.

Top Holdings

The following are the top holdings in this portfolio (note that this is a partial list):

• HF Sinclair Corp (1.12%)

• EPAM Systems Inc (1.03%)

• APA Corp (0.95%)

• SM Energy Co (0.95%)

• Genpact Ltd (0.90%)

• Universal Health Services Inc Class B (0.89%)

• Permian Resources Corp Class A (0.85%)

• Gap Inc (0.84%)

• CF Industries Holdings Inc (0.82%)

• Ovintiv Inc (0.82%)

Holdings can change over time. This data was updated on October 11, 2026.

Pros

• The fund has shown positive price returns and total returns over the one-year and three-year periods.

• The erosion-risk measurement is rated as "good."

Cons

• The distribution yield (1.63%) may be considered low depending on an investor's specific income needs.

Beginner takeaway

When studying FNK, notice the difference between the price return and the total return. The total return is higher because it accounts for the cash distributions paid to shareholders. Always look at both numbers to see the full picture of how an investment has performed.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

228 holdings available
# Holding Ticker Weight
1 HF SINCLAIR CORP DINO 1.12%
2 EPAM SYSTEMS INC EPAM 1.03%
3 APA CORP APA 0.95%
4 SM ENERGY CO SM 0.95%
5 GENPACT LTD G 0.90%
6 UNIVERSAL HEALTH SERVICES INC CLASS B UHS 0.89%
7 PERMIAN RESOURCES CORP CLASS A PR 0.85%
8 GAP INC GAP 0.84%
9 CF INDUSTRIES HOLDINGS INC CF 0.82%
10 OVINTIV INC OVV 0.82%
Show all 228 holdings
1. HF SINCLAIR CORP DINO 1.12%
2. EPAM SYSTEMS INC EPAM 1.03%
3. APA CORP APA 0.95%
4. SM ENERGY CO SM 0.95%
5. GENPACT LTD G 0.90%
6. UNIVERSAL HEALTH SERVICES INC CLASS B UHS 0.89%
7. PERMIAN RESOURCES CORP CLASS A PR 0.85%
8. GAP INC GAP 0.84%
9. CF INDUSTRIES HOLDINGS INC CF 0.82%
10. OVINTIV INC OVV 0.82%
11. LITHIA MOTORS INC CLASS A LAD 0.79%
12. PAYCOM SOFTWARE INC PAYC 0.79%
13. UGI CORP UGI 0.78%
14. COMMERCIAL METALS CO CMC 0.76%
15. ENACT HOLDINGS INC ACT 0.76%
16. EVEREST GROUP LTD EG 0.76%
17. INGREDION INC INGR 0.76%
18. MATADOR RESOURCES CO MTDR 0.76%
19. MGIC INVESTMENT CORP MTG 0.76%
20. NATIONAL FUEL GAS CO NFG 0.76%
21. RANGE RESOURCES CORP RRC 0.76%
22. ESSENT GROUP LTD ESNT 0.75%
23. LYFT INC CLASS A LYFT 0.75%
24. MAXIMUS INC MMS 0.75%
25. RENAISSANCERE HOLDINGS LTD RNR 0.75%
26. RITHM CAPITAL CORP RITM 0.75%
27. ADT INC ADT 0.74%
28. BOOZ ALLEN HAMILTON HOLDING CORP CLASS A BAH 0.74%
29. MOHAWK INDUSTRIES INC MHK 0.73%
30. VICTORY CAPITAL HOLDINGS INC CLASS A VCTR 0.73%
31. WHITE MOUNTAINS INSURANCE GROUP LTD WTM 0.73%
32. ANTERO RESOURCES CORP AR 0.72%
33. DILLARD'S INC CLASS A DDS 0.72%
34. THOR INDUSTRIES INC THO 0.72%
35. CNX RESOURCES CORP CNX 0.71%
36. MACY'S INC M 0.71%
37. CHORD ENERGY CORP ORDINARY SHARES NEW CHRD 0.70%
38. MATTEL INC MAT 0.70%
39. MILLROSE PROPERTIES INC CLASS A MRP 0.70%
40. RAYONIER INC RYN 0.70%
41. MAGNOLIA OIL & GAS CORP CLASS A MGY 0.69%
42. MATSON INC MATX 0.69%
43. THE MOSAIC CO MOS 0.69%
44. ASBURY AUTOMOTIVE GROUP INC ABG 0.68%
45. LINCOLN NATIONAL CORP LNC 0.68%
46. RADIAN GROUP INC RDN 0.68%
47. SEABOARD CORP SEB 0.68%
48. SOLVENTUM CORP SOLV 0.68%
49. MERCURY GENERAL CORP MCY 0.67%
50. COMSTOCK RESOURCES INC CRK 0.66%
51. GRAPHIC PACKAGING HOLDING CO GPK 0.66%
52. LKQ CORP LKQ 0.66%
53. SIRIUS XM HOLDINGS INC SIRI 0.66%
54. GAMESTOP CORP CLASS A GME 0.64%
55. MURPHY OIL CORP MUR 0.64%
56. VONTIER CORP ORDINARY SHARES VNT 0.64%
57. KYNDRYL HOLDINGS INC ORDINARY SHARES KD 0.63%
58. URBAN OUTFITTERS INC URBN 0.62%
59. GARTNER INC IT 0.61%
60. n/a WFRD 0.61%
61. BLUE OWL TECHNOLOGY FINANCE CORP OTF 0.60%
62. BOYD GAMING CORP BYD 0.60%
63. KBR INC KBR 0.60%
64. SOUTHSTATE BANK CORP SSB 0.60%
65. AGCO CORP AGCO 0.59%
66. EASTMAN CHEMICAL CO EMN 0.59%
67. EPR PROPERTIES EPR 0.59%
68. FIRST AMERICAN FINANCIAL CORP FAF 0.59%
69. SPIRE INC SR 0.59%
70. SKYWORKS SOLUTIONS INC SWKS 0.58%
71. TELEPHONE AND DATA SYSTEMS INC TDS 0.58%
72. OLD REPUBLIC INTERNATIONAL CORP ORI 0.56%
73. ONE GAS INC OGS 0.56%
74. BEST BUY CO INC BBY 0.55%
75. HOST HOTELS & RESORTS INC HST 0.55%
76. SOUTHWEST GAS HOLDINGS INC SWX 0.55%
77. AUTONATION INC AN 0.54%
78. KILROY REALTY CORP KRC 0.54%
79. LEAR CORP LEA 0.54%
80. PORTLAND GENERAL ELECTRIC CO POR 0.54%
81. AXIS CAPITAL HOLDINGS LTD AXS 0.53%
82. BANK OZK OZK 0.53%
83. FACTSET RESEARCH SYSTEMS INC FDS 0.53%
84. SONOCO PRODUCTS CO SON 0.53%
85. THE CAMPBELL'S CO CPB 0.53%
86. VORNADO REALTY TRUST VNO 0.53%
87. GENTEX CORP GNTX 0.52%
88. n/a CNR 0.52%
89. PENSKE AUTOMOTIVE GROUP INC PAG 0.52%
90. SCIENCE APPLICATIONS INTERNATIONAL CORP SAIC 0.52%
91. GROUP 1 AUTOMOTIVE INC GPI 0.51%
92. n/a VG 0.51%
93. PEABODY ENERGY CORP BTU 0.51%
94. POST HOLDINGS INC POST 0.51%
95. ALCOA CORP AA 0.50%
96. ALLY FINANCIAL INC ALLY 0.50%
97. REXFORD INDUSTRIAL REALTY INC REXR 0.50%
98. WARRIOR MET COAL INC HCC 0.50%
99. WHIRLPOOL CORP WHR 0.50%
100. TOLL BROTHERS INC TOL 0.49%
101. ITRON INC ITRI 0.48%
102. VIATRIS INC VTRS 0.48%
103. MERITAGE HOMES CORP MTH 0.47%
104. HOME BANCSHARES INC HOMB 0.45%
105. THE HANOVER INSURANCE GROUP INC THG 0.45%
106. APTARGROUP INC ATR 0.44%
107. BATH & BODY WORKS INC BBWI 0.44%
108. RUSH ENTERPRISES INC CLASS A RUSHA 0.44%
109. KIRBY CORP KEX 0.43%
110. OLD NATIONAL BANCORP ONB 0.43%
111. ONEMAIN HOLDINGS INC OMF 0.43%
112. UNITED COMMUNITY BANKS INC UCB 0.43%
113. ASSOCIATED BANC-CORP ASB 0.42%
114. BLACK HILLS CORP BKH 0.42%
115. JEFFERIES FINANCIAL GROUP INC JEF 0.42%
116. PROSPERITY BANCSHARES INC PB 0.42%
117. WESTERN ALLIANCE BANCORP WAL 0.42%
118. F N B CORP FNB 0.41%
119. HOWARD HUGHES HOLDINGS INC HHH 0.41%
120. NEW JERSEY RESOURCES CORP NJR 0.41%
121. OGE ENERGY CORP OGE 0.41%
122. SLM CORP SLM 0.41%
123. INTERNATIONAL BANCSHARES CORP IBOC 0.40%
124. OSHKOSH CORP OSK 0.40%
125. THE MARZETTI CO MZTI 0.40%
126. UFP INDUSTRIES INC UFPI 0.40%
127. UNIVERSAL DISPLAY CORP OLED 0.40%
128. MDU RESOURCES GROUP INC MDU 0.39%
129. RYDER SYSTEM INC R 0.39%
130. VALLEY NATIONAL BANCORP VLY 0.39%
131. PINNACLE WEST CAPITAL CORP PNW 0.38%
132. SILGAN HOLDINGS INC SLGN 0.36%
133. SPROUTS FARMERS MARKET INC SFM 0.36%
134. ALASKA AIR GROUP INC ALK 0.35%
135. PATRICK INDUSTRIES INC PATK 0.35%
136. REINSURANCE GROUP OF AMERICA INC RGA 0.34%
137. DARLING INGREDIENTS INC DAR 0.33%
138. NEWMARKET CORP NEU 0.33%
139. OPTION CARE HEALTH INC OPCH 0.33%
140. AVNET INC AVT 0.32%
141. GEN DIGITAL INC GEN 0.32%
142. LAMB WESTON HOLDINGS INC LW 0.32%
143. ARROW ELECTRONICS INC ARW 0.31%
144. AVERY DENNISON CORP AVY 0.31%
145. STIFEL FINANCIAL CORP SF 0.31%
146. ASSURANT INC AIZ 0.30%
147. CHAMPION HOMES INC SKY 0.30%
148. UNITED BANKSHARES INC UBSI 0.30%
149. CROWN HOLDINGS INC CCK 0.29%
150. n/a BF-B 0.29%
151. POPULAR INC BPOP 0.29%
152. RLI CORP RLI 0.29%
153. BELDEN INC BDC 0.28%
154. BOK FINANCIAL CORP BOKF 0.28%
155. BXP INC BXP 0.28%
156. COUSINS PROPERTIES INC CUZ 0.28%
157. GLOBE LIFE INC GL 0.28%
158. MURPHY USA INC MUSA 0.28%
159. n/a UHAL-B 0.28%
160. NEXSTAR MEDIA GROUP INC NXST 0.28%
161. PRIMERICA INC PRI 0.28%
162. UMB FINANCIAL CORP UMBF 0.28%
163. AMERICAN HOMES 4 RENT CLASS A AMH 0.27%
164. CHOICE HOTELS INTERNATIONAL INC CHH 0.27%
165. COLUMBIA BANKING SYSTEM INC COLB 0.27%
166. DREYFUS GOVT CM INST 289 n/a 0.27%
167. FIRST HORIZON CORP FHN 0.27%
168. FTI CONSULTING INC FCN 0.27%
169. GXO LOGISTICS INC GXO 0.27%
170. SELECTIVE INSURANCE GROUP INC SIGI 0.27%
171. STARWOOD PROPERTY TRUST INC STWD 0.27%
172. TEXAS CAPITAL BANCSHARES INC TCBI 0.27%
173. ZIONS BANCORP NA ZION 0.27%
174. ALBERTSONS COMPANIES INC CLASS A ACI 0.26%
175. FIDELITY NATIONAL FINANCIAL INC FNF 0.26%
176. NNN REIT INC NNN 0.26%
177. WINTRUST FINANCIAL CORP WTFC 0.26%
178. n/a MWA 0.25%
179. EAGLE MATERIALS INC EXP 0.24%
180. REYNOLDS CONSUMER PRODUCTS INC ORDINARY SHARES REYN 0.24%
181. VF CORP VFC 0.24%
182. BIO-RAD LABORATORIES INC CLASS A BIO 0.19%
183. WEX INC WEX 0.19%
184. CARMAX INC KMX 0.16%
185. CHEMED CORP CHE 0.16%
186. CONAGRA BRANDS INC CAG 0.16%
187. NOV INC NOV 0.16%
188. TD SYNNEX CORP SNX 0.16%
189. VOYA FINANCIAL INC VOYA 0.16%
190. ALLISON TRANSMISSION HOLDINGS INC ALSN 0.15%
191. AMERICAN FINANCIAL GROUP INC AFG 0.15%
192. BJ'S WHOLESALE CLUB HOLDINGS INC BJ 0.15%
193. CULLEN/FROST BANKERS INC CFR 0.15%
194. FRANKLIN TEMPLETON INC BEN 0.15%
195. HENRY SCHEIN INC HSIC 0.15%
196. UNUM GROUP UNM 0.15%
197. APPLIED INDUSTRIAL TECHNOLOGIES INC AIT 0.14%
198. BORGWARNER INC BWA 0.14%
199. COMMERCE BANCSHARES INC CBSH 0.14%
200. CUBESMART CUBE 0.14%
201. HANCOCK WHITNEY CORP HWC 0.14%
202. HEALTHPEAK PROPERTIES INC DOC 0.14%
203. PINNACLE FINANCIAL PARTNERS INC PNFP 0.14%
204. STANLEY BLACK & DECKER INC SWK 0.14%
205. ALIGN TECHNOLOGY INC ALGN 0.13%
206. AMERIS BANCORP ABCB 0.13%
207. ATLANTIC UNION BANKSHARES CORP AUB 0.13%
208. CARLISLE COMPANIES INC CSL 0.13%
209. CORE & MAIN INC CLASS A CNM 0.13%
210. FRANKLIN ELECTRIC CO INC FELE 0.13%
211. IDACORP INC IDA 0.13%
212. LAZARD INC LAZ 0.13%
213. LINEAGE INC REIT LINE 0.13%
214. MASCO CORP MAS 0.13%
215. RPM INTERNATIONAL INC RPM 0.13%
216. TREX CO INC TREX 0.13%
217. DAVITA INC DVA 0.12%
218. FLOOR & DECOR HOLDINGS INC CLASS A FND 0.12%
219. HORMEL FOODS CORP HRL 0.12%
220. PARSONS CORP PSN 0.12%
221. POOL CORP POOL 0.12%
222. SIMPSON MANUFACTURING CO INC SSD 0.12%
223. FORTUNE BRANDS INNOVATIONS INC FBIN 0.11%
224. BUILDERS FIRSTSOURCE INC BLDR 0.10%
225. ESAB CORP ESAB 0.10%
226. DICK'S SPORTING GOODS INC DKS 0.09%
227. CASH n/a 0.00%
228. SECURITIES LENDING BNYM n/a 0.00%
Holdings data last updated Oct 11, 2026 4:31 AM .
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