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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
10/28/2026: FAB (2-star) has a low Upturn Star Rating. Not recommended to BUY.
First Trust Multi Cap Value AlphaDEX® Fund (FAB) is an actively managed ETF that uses a quantitative, multi-factor selection process to target US stocks exhibiting strong value and quality characteristics across the capitalization spectrum. Its primary strength lies in its disciplined, rules-based methodology which seeks to outperform standard market-cap-weighted value indices. FAB is well-positioned as a satellite holding for investors looking to gain exposure to the value factor while allowing for tactical shifts across market sizes. Investors should be aware of risks such as the relatively higher expense ratio, potential liquidity constraints, and performance divergence during periods when growth stocks lead the market. It is best suited for long-term, factor-conscious investors who monitor the cyclical rotation between value and growth styles.
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 | Weak fit | As a value-focused fund, it is unlikely to capture the high-growth potential sought by growth-oriented investors. |
| Momentum investor | Strong fit while signal remains positive | The AlphaDEX methodology incorporates price momentum factors, making this fund suitable during periods where value stocks are experiencing positive price trends. |
| Value investor | Strong fit | The fund is explicitly designed to identify and hold undervalued companies using fundamental metrics. |
| Dividend/Income investor | Mixed fit | While many value stocks pay dividends, the fund's primary goal is capital appreciation rather than yield maximization. |
| Low-risk investor | Mixed fit | While value stocks are often considered defensive, the multi-cap nature and active factor rotation introduce volatility that may exceed that of a conservative dividend-focused fund. |
Investor Profile
Ideal Investor Profile
The ideal investor for FAB is a medium-to-long-term investor who believes in systematic, factor-based investing and wants to tilt their portfolio toward value while maintaining diversification across market caps.
Suitability
FAB is best suited for long-term investors seeking to complement a core index portfolio with a tactical or factor-based satellite holding.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The fund's reliance on specific factors can lead to periods of performance swings that differ from the broader market. |
| Market risk | Medium / high | As an equity fund, it is fully exposed to general declines in the US stock market. |
| Concentration | Medium | The sector weighting depends on the AlphaDEX output and may occasionally become concentrated in specific value-heavy industries. |
| Tracking/expense | Medium | The higher expense ratio compared to passive indices places a consistent hurdle on net performance. |
| Liquidity | Medium | Lower average daily volume compared to mega-cap ETFs could lead to higher transaction costs during stressed market conditions. |
| Business/sector quality | Medium | The quality-factor screen helps mitigate business risk, but the fund remains vulnerable to value traps inherent in deep-value investing. |
Risk Analysis
Volatility
FAB exhibits moderate-to-high volatility, typical of actively screened equity funds that may tilt towards specific sectors.
Market Risk
The fund is subject to systematic risk associated with the US equity markets and the specific cyclical risks of the value factor.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | Multi-cap US Equities (Large, Mid, and Small Cap) | 98.5 | This provides diversified exposure to US stocks across all size segments that meet specific value-oriented factor criteria. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | A small portion of the fund is held in cash to manage liquidity and facilitate daily trading operations. |
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 18.66% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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