When a company such as FMK splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the FMK split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FMK shares, starting with a $10,000 purchase of FMK, presented on a split-history-adjusted basis factoring in the complete FMK split history.

About FMK

First Trust Mid Cap Value AlphaDEX Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Mid Cap Value Index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400® Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology. As of Jul 31 2013, the Fund's total assets were $24,194,140 and the Fund's investment portfolio was valued at $21,302,701. According to our FMK split history records, FMK has had 1 split.

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