First Trust Mega Cap AlphaDEX Fund (FMK) Research
The fund aims to achieve investment results that closely mirror the price performance and income yield of the Nasdaq AlphaDEX Mega Cap Index, prior to accounting for its own expenses. Typically, it allocates a minimum of 90% of its total assets, including any borrowed capital, to the equity securities that make up this index. The index itself is crafted to identify mega-capitalization companies from the broader NASDAQ US 500 Large Cap Index, employing the AlphaDEX selection methodology. This approach seeks to pinpoint stocks that have the potential to deliver superior risk-adjusted returns, or "positive alpha," when compared to conventional benchmarks.
Market snapshot
- Symbol
- FMK
- Price
- $42.92
- Day change
- 0.00%
- Market cap
- $33.7M
- 52-week range
- 25.48-43.39
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
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- Aptus Fortified Value ETF (FTVA)
- iShares LifePath Target Date 2025 ETF (ITDA)
- John Hancock Multifactor Consumer Staples ETF (JHMS)
- VanEck Vectors Coal ETF (KOL)
- Invesco S&P Financials Revenue ETF (RWW)
Open First Trust Mega Cap AlphaDEX Fund (FMK) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.