Name of ETF: First Trust Mid Cap Value AlphaDEX Fund
Benchmark Index: Defined Mid Cap Value Index
Ticker Symbol: FNK
Approximate Number of Holdings: 170
Types of Companies Included: The top mid-cap companies from the S&P MidCap 400 Value Index that meet specific fundamental criteria.
- Growth Criteria: Sales-to-price ratio, sales growth over the previous 12 months and general price appreciation the company has experienced over three, six and 12 month periods.
- Value Criteria: Book value-to-price, cash flow-to-price and return on assets (ROA).
Individual Company Weight: This ETF is diversified with no one company representing a significant percentage of the ETF.