First Trust Mid Cap Value AlphaDEX Fund

Frequently Asked Questions About FNK

What does FNK invest in?

The First Trust Mid Cap Value AlphaDEX Fund is a publicly traded investment product designed to closely mirror the total performance (both appreciation and income generation) of the Nasdaq AlphaDEX Mid Cap Value Index, an equity benchmark. This tracking occurs prior to accounting for the Fund's own operational costs and charges.

What is the expense ratio of FNK?

First Trust Mid Cap Value AlphaDEX Fund (FNK) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FNK?

First Trust Mid Cap Value AlphaDEX Fund (FNK) manages $224.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FNK actively managed or an index fund?

FNK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FNK launched?

First Trust Mid Cap Value AlphaDEX Fund (FNK) launched in April 2011 and is managed by First Trust.

How has FNK performed?

FNK's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.