Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
First Trust Multi Cap Value AlphaDEX® Fund(FAB)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FAB
10/08/2026: FAB (2-star) is currently NOT-A-BUY. Pass it for now.
First Trust Multi Cap Value AlphaDEX (FAB) provides exposure to a diversified basket of US stocks selected for their value characteristics using a quantitative multi-cap methodology. Its main strengths include a structured factor-based approach and broad market representation across large, mid, and small-cap segments. FAB is best utilized as a core or satellite holding in a diversified portfolio for investors seeking a systematic value tilt. Investors should be aware of risks such as higher expense ratios compared to passive benchmarks, potential for underperformance during growth-led market rallies, and moderate liquidity constraints. It is most suitable for long-term investors who prioritize factor-based strategy over the absolute lowest cost index product.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While it includes growth-tilted factors, it is primarily a value-oriented product. |
| Momentum investor | Mixed fit | Strong fit only if the AlphaDEX methodology happens to align with current market momentum trends. |
| Value investor | Strong fit | This fund is specifically designed to provide exposure to companies with strong value metrics. |
| Dividend/Income investor | Mixed fit | Many value stocks in the fund pay dividends, though it is not marketed primarily as a high-yield vehicle. |
| Low-risk investor | Mixed fit | The inclusion of mid and small-cap stocks increases volatility compared to pure large-cap defensive funds. |
Investor Profile
Ideal Investor Profile
The ideal investor for FAB is a medium-to-long-term participant looking for a factor-based value tilt across various market capitalizations.
Suitability
It is best suited for long-term investors who believe in the efficacy of quantitative value factor investing and are willing to pay a higher fee for that approach.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The inclusion of small-cap components can lead to wider price swings than large-cap benchmarks. |
| Market risk | Medium | The fund is subject to general equity market downturns affecting all US listed securities. |
| Concentration | Medium | The AlphaDEX methodology may result in sector overweights that differ significantly from the broader market. |
| Tracking/expense | Medium | A higher expense ratio compared to passive peers necessitates stronger outperformance to net similar gains. |
| Liquidity | Medium | Lower average daily volume compared to mega-cap ETFs could lead to wider spreads during periods of stress. |
| Business/sector quality | Medium | Quantitative selection may inadvertently pick companies with idiosyncratic business risks. |
Risk Analysis
Volatility
FAB exhibits volatility consistent with its multi-cap structure, tending to be more volatile than pure large-cap value funds but less than pure small-cap funds.
Market Risk
The primary risk is systematic market risk, as the fund is heavily invested in US equities, which are sensitive to economic cycles and interest rate fluctuations.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Large-Cap Value Stocks | 45 | Provides core stability and dividend potential from larger established companies. |
| Market capitalization | US Mid-Cap Value Stocks | 30 | Offers a balance between the stability of large-caps and the growth potential of small-caps. |
| Market capitalization | US Small-Cap Value Stocks | 20 | Adds higher growth potential and diversification outside of the dominant large-cap indices. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Maintains liquidity for administrative needs and index rebalancing activity. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 19.34% | Avg. Invested days 58 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/08/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.