FNK Performance — First Trust Mid Cap Value AlphaDEX Fund
Data updated: 2026-10-13
FNK returned +14.70% year to date and +22.53% over one year to Jul 2026. Annualised returns are +10.80% over 3 years and +9.06% over 5 years. Against its US Mid-Cap Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $136, against $145 for the category, and to $123 over one year, against $120. Volatility over the past three years was 17.30% a year. In the 12 months to Jul 2026 the fund lost a net $2.2M, and assets reached $228.06M.
FNK Growth of $100
What $100 invested in First Trust Mid Cap Value AlphaDEX Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | FNK | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $123 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $136 | $145 |
| 5 years (Aug 2021 – Jul 2026) | $154 | $156 |
| Since data start (Aug 2019 – Jul 2026) | $207 | $212 |
FNK Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.70% |
| 1 year | +22.53% |
| 3 years (annualised) | +10.80% |
| 5 years (annualised) | +9.06% |
FNK Annual Returns
Calendar-year total returns of First Trust Mid Cap Value AlphaDEX Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +14.70% |
| 2025 | +5.76% |
| 2024 | +6.63% |
| 2023 | +20.66% |
| 2022 | −6.98% |
| 2021 | +33.55% |
| 2020 | +0.94% |
| 2019 (Aug–Dec) | +5.64% |
FNK Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.2% | +2.3% | −4.2% | +5.3% | −1.3% | +3.6% | +3.3% | — | — | — | — | — |
| 2025 | +2.7% | −4.0% | −3.9% | −5.8% | +5.0% | +4.0% | +1.5% | +6.7% | −1.0% | −3.4% | +3.7% | +1.0% |
| 2024 | −2.9% | +2.9% | +6.7% | −6.2% | +4.4% | −3.2% | +9.0% | −1.9% | +0.2% | −2.5% | +8.9% | −7.1% |
| 2023 | +12.6% | −3.9% | −5.9% | −0.5% | −5.0% | +11.3% | +7.1% | −3.7% | −5.0% | −4.9% | +8.3% | +11.6% |
| 2022 | −2.4% | +0.9% | +0.2% | −4.4% | +3.2% | −10.8% | +9.7% | −3.5% | −11.0% | +11.0% | +8.0% | −5.3% |
| 2021 | +1.5% | +10.1% | +7.4% | +5.3% | +1.8% | −2.9% | +0.6% | +2.6% | −3.0% | +4.1% | −3.1% | +5.9% |
| 2020 | −5.5% | −11.5% | −29.7% | +19.7% | +4.6% | +4.8% | +0.4% | +5.0% | −5.0% | +4.7% | +17.0% | +6.7% |
| 2019 | — | — | — | — | — | — | — | −8.3% | +6.3% | +2.0% | +2.8% | +3.4% |
FNK Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.30%
- 3-year Sharpe ratio: 0.36 (vs 4.5% risk-free rate)
- Best month: +11.62% (Dec 2023)
- Worst month: −7.15% (Dec 2024)
FNK Fund Flows
Monthly money in and out of First Trust Mid Cap Value AlphaDEX Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.2M
- 12-month gross sales (incl. reinvestments): $42.7M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $36.9M | $36.4M | $520K |
| Jun 2026 | $0 | $0 | $0 |
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $3.0M | −$3.0M |
| Feb 2026 | $3.0M | $0 | $3.0M |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $2.8M | $0 | $2.8M |
| Oct 2025 | $0 | $2.8M | −$2.8M |
| Sep 2025 | $0 | $2.8M | −$2.8M |
| Aug 2025 | $0 | $0 | $0 |
FNK Assets Under Management
Net assets of First Trust Mid Cap Value AlphaDEX Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $228.06M |
| 2026-04-30 | $216.52M |
| 2026-01-31 | $210.61M |
| 2025-10-31 | $189.66M |
| 2025-07-31 | $191.74M |
| 2025-04-30 | $185.43M |
| 2025-01-31 | $230.48M |
| 2024-10-31 | $215.22M |
| 2024-07-31 | $228.29M |
| 2024-04-30 | $213.24M |
| 2024-01-31 | $229.94M |
| 2023-10-31 | $193.02M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.