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- Upturn Summary
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Upturn AI Summary
First Trust Mid Cap Value AlphaDEX® Fund(FNK)
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 FNK
11/06/2026: FNK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
First Trust Mid Cap Value AlphaDEX® Fund (FNK) provides exposure to mid-cap U.S. stocks selected for their fundamental strengths in value and growth. By utilizing the AlphaDEX methodology, the fund aims to outperform traditional market-cap-weighted indices through systematic factor selection. It is a suitable tool for long-term investors seeking to tilt their portfolios toward mid-cap value while maintaining broad diversification. Key risks include exposure to equity market volatility and the potential for underperformance during growth-led market rallies. Investors should monitor factor trends and the fund's expense ratio relative to other passive mid-cap value alternatives.
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 some growth factors, the fund is primarily tilted toward value-oriented mid-cap companies. |
| Momentum investor | Mixed fit | The methodology incorporates momentum, but it is not a pure-play momentum strategy and should be monitored for signal changes. |
| Value investor | Strong fit | The fund is specifically constructed to capture value premiums within the mid-cap space. |
| Dividend/Income investor | Mixed fit | While it holds value stocks that often pay dividends, it is not explicitly designed as an income-generation vehicle. |
| Low-risk investor | Weak fit | Mid-cap equities carry inherent volatility that may exceed the risk tolerance of conservative investors. |
Investor Profile
Ideal Investor Profile
The ideal investor is an intermediate to long-term participant seeking systematic value exposure within the mid-cap asset class.
Suitability
It is best suited for long-term investors looking to diversify their equity holdings with a factor-based tilt rather than active day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Mid-cap stocks are typically more volatile than large-cap blue-chip stocks. |
| Market risk | Medium / high | The fund is fully exposed to systematic equity market downturns. |
| Concentration | Medium | Sector and individual stock weights are constrained by the index rules, limiting extreme concentration. |
| Tracking/expense | Medium | The higher expense ratio compared to passive peers can create a slight drag on performance over long horizons. |
| Liquidity | Medium | Large trades can impact price, though it remains sufficient for standard retail participation. |
| Business/sector quality | Medium | The reliance on fundamental screens aims to mitigate poor business quality but cannot eliminate sector-specific headwinds. |
Risk Analysis
Volatility
FNK exhibits volatility typical of the mid-cap equity asset class, characterized by sensitivity to economic cycles and sector rotations.
Market Risk
As a pure equity fund, it is fully subject to market risk; holders face the possibility of significant loss if the broader US mid-cap market declines.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Mid-Cap Equities | 98.5 | This provides broad exposure to medium-sized companies that typically offer a balance between growth potential and stability. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small cash reserves are maintained to manage liquidity and fund operational requirements. |
Analysis of Past Performance
Type ETF | Historic Profit 8.91% | Avg. Invested days 61 | 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 11/06/2026 |
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