FNK - ETF AI Analysis
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First Trust Mid Cap Value AlphaDEX Fund (FNK)
FNK’s rating suggests it is a reasonably solid but not top-tier ETF, with its performance supported by several strong holdings but also tempered by some weaker names. Standout contributors like APA, Range Resources, SM Energy, Chord Energy, Essent Group, and Radian Group help the fund through strong profitability, attractive valuations, and positive earnings call sentiment, though many of these are in energy and financials, which adds sector concentration risk. On the other hand, holdings such as PBF Energy, Lyft, ADT, and CNX face financial, valuation, or technical challenges that likely weigh on the ETF’s overall rating.
FNK vs. SPDR S&P 500 ETF (SPY)
- AUM
- 237.05M
- Region
- North America
- Expense Ratio
- 0.74%
- Beta
- 0.74
- Issuer
- First Trust
- Inception Date
- Apr 19, 2011
- Dividend Yield
- 1.56%
- Asset Class
- Equity
- Index Tracked
- NASDAQ AlphaDEX Mid Cap Value Index
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 but still have room to grow. It spreads your money across many sectors, with a big tilt toward financial and energy stocks. Well-known holdings include APA and Range Resources, giving you exposure to established energy names along with other mid-sized firms. Someone might invest in FNK to diversify beyond large caps and to seek long-term growth from value-oriented mid-cap stocks. A key risk is that mid-cap and value stocks can be more volatile and can go up and down with the market.
How much will it cost me?
FNK has an expense ratio of 0.74%, which means you’ll pay about $7.40 per year for every $1,000 invested. This cost is higher than the average ETF because it uses an actively managed smart-beta strategy rather than a simple passive index approach.
What would affect this ETF?
FNK could benefit if the U.S. economy stays healthy, consumer spending remains strong, and energy prices are supportive, since it focuses on U.S. mid-sized value companies with big exposure to financials, consumer cyclical names, and energy producers like APA and Murphy Oil. On the downside, rising interest rates, a slowdown in U.S. growth, weaker energy markets, or tighter regulations on financial and energy companies could hurt the fund’s performance, and mid-cap stocks in general can be more volatile during market stress.
FNK Top 10 Holdings
FNK is leaning heavily into U.S. mid-cap value, with energy and industrial names doing much of the heavy lifting. HF Sinclair, APA, SM Energy, Permian Resources, Ovintiv, and CF Industries have generally been rising over the past few months, giving the fund a solid backbone in cyclical and commodity-linked plays. On the other side, tech and services names like Epam Systems and Genpact have seen more mixed, recently lagging action, while Gap and Universal Health look steadier but not particularly exciting. Overall, performance is being driven by a cluster of U.S. energy and materials value stocks.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 APA | APA | 0.87% | $2.05M | $18.18B | 110.80% | 73Outperform |
 RRC | Range Resources | 0.86% | $2.02M | $10.64B | 21.39% | 78Outperform |
 AR | Antero Resources | 0.84% | $1.98M | $12.35B | 22.55% | 67Neutral |
 MUR | Murphy Oil | 0.83% | $1.97M | $6.36B | 50.71% | 68Neutral |
 SM | SM Energy | 0.83% | $1.95M | $9.54B | 86.38% | 72Outperform |
 CHRD | Chord Energy | 0.82% | $1.94M | $8.65B | 69.16% | 76Outperform |
 CNX | CNX Resources | 0.82% | $1.93M | $5.41B | 11.61% | 64Neutral |
 RDN | Radian Group | 0.81% | $1.92M | $4.73B | 4.26% | 66Neutral |
 MTDR | Matador Resources | 0.81% | $1.91M | $7.42B | 48.09% | 82Outperform |
 ESNT | Essent Group | 0.80% | $1.90M | $6.00B | 9.45% | 73Outperform |
FNK Technical Analysis
Price Trends
Market Momentum
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 62.86 is above the 20-day moving average (MA) of 60.75, above the 50-day MA of 62.25, and above the 200-day MA of 60.08, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 61.32 is Neutral, neither overbought nor oversold. The STOCH value of 91.38 is Negative, 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 | $62.86 | $67.00(6.58% Upside) | $237.05M | 0.74% | 70Neutral |
 AVMV | $78.97 | $92.59(17.25% Upside) | $819.23M | 0.20% | 71Outperform |
 XMVM | $73.19 | $82.22(12.34% Upside) | $523.60M | 0.37% | 71Outperform |
 NUMV | $44.91 | $50.66(12.80% Upside) | $455.17M | 0.31% | 69Neutral |
 RFV | $146.10 | $167.83(14.88% Upside) | $339.12M | 0.35% | 68Neutral |
 TMVE | $17.49 | $20.63(17.96% Upside) | $289.24M | 0.55% | 67Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 62.86 | 8.92 | 16.53% | |
| AVMV | Avantis U.S. Mid Cap Value ETF | 78.97 | 10.58 | 15.47% | |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 73.19 | 14.00 | 23.64% | |
| NUMV | Nuveen ESG Mid-Cap Value ETF | 44.91 | 6.51 | 16.95% | |
| RFV | Invesco S&P Midcap 400 Pure Value ETF | 146.09 | 19.08 | 15.02% | |
| TMVE | Thrivent Mid Cap Value ETF | 17.49 | 3.23 | 22.69% |
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.