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- Upturn Summary
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Upturn AI Summary
First Trust Dow Jones Select MicroCap Index Fund(FDM)
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 FDM
10/28/2026: FDM (2-star) is currently NOT-A-BUY. Pass it for now.
FDM provides targeted exposure to US micro-cap stocks, utilizing a structured index approach to avoid the least liquid and most speculative names. Its primary strength lies in its specialized focus on a high-growth segment, backed by a reputable issuer. It is best used as a high-risk satellite holding within a larger, diversified portfolio. The fund is subject to significant market, liquidity, and economic risks, necessitating a high risk tolerance from investors. Investors should monitor credit conditions and interest rate environments, as these are primary drivers for the micro-cap asset class.
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 | Strong fit | FDM provides direct access to small companies with potential for rapid expansion. |
| Momentum investor | Strong fit while signal remains positive | Micro-caps can experience strong price trends during bullish market cycles. |
| Value investor | Mixed fit | While micro-caps can be undervalued, they often carry high business risk that may not be captured by traditional value metrics. |
| Dividend/Income investor | Weak fit | Micro-cap companies typically prioritize reinvestment over dividend payments. |
| Low-risk investor | Weak fit | The extreme volatility of micro-caps is generally unsuitable for conservative, low-risk portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is an aggressive, long-term equity investor seeking exposure to the smallest tier of US companies as part of a diversified portfolio.
Suitability
Best suited for long-term investors comfortable with high volatility and potential for significant drawdowns.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Micro-cap stocks are subject to significant and rapid price fluctuations. |
| Market risk | High | The fund is highly susceptible to broad market downturns and systemic economic stress. |
| Concentration | Medium | While diversified across many stocks, the fund is concentrated in a single, high-risk asset class. |
| Tracking/expense | Medium | Higher expense ratios and liquidity costs can weigh on net performance over time. |
| Liquidity | High | Underlying stocks may be difficult to trade without impacting their price. |
| Business/sector quality | High | Smaller companies often have weaker balance sheets and less access to capital. |
Risk Analysis
Volatility
FDM exhibits higher historical volatility than the broader market, characteristic of the micro-cap asset class.
Market Risk
The fund faces significant market risk, including business insolvency and sensitivity to economic downturns.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Micro-Cap Equities | 98.5 | The fund provides broad exposure to the smallest tier of publicly traded US companies, which often have higher growth potential but greater risk. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | A small portion of the fund is held in cash to manage daily liquidity and administrative expenses. |
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 -2.85% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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