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- Upturn Summary
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Upturn AI Summary
First Trust Mid Cap Growth AlphaDEX® Fund(FNY)
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 FNY
10/23/2026: FNY (1-star) is currently NOT-A-BUY. Pass it for now.
FNY offers exposure to US mid-cap growth companies by applying a quantitative AlphaDEX® selection methodology designed to identify firms with strong growth and value factors. Its main strengths include its disciplined rules-based strategy and the reputation of issuer First Trust, which differentiates it from standard market-cap-weighted funds. The ETF serves as an effective growth-oriented core or satellite holding for portfolios seeking potential alpha. However, investors should be mindful of its higher expense ratio and the inherent volatility of mid-cap growth stocks. It is best suited for long-term growth investors who monitor factors like interest-rate shifts and broad economic growth trends.
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 | FNY is specifically designed to target companies with high growth potential, aligning well with growth-focused objectives. |
| Momentum investor | Strong fit while signal remains positive | The AlphaDEX methodology incorporates price-based momentum factors, making it suitable when market conditions favor growth trends. |
| Value investor | Mixed fit | While it incorporates value factors, the fund's primary focus remains on growth, which may not satisfy pure value-oriented requirements. |
| Dividend/Income investor | Weak fit | As a growth-oriented fund, it prioritizes capital appreciation over dividend yield or income generation. |
| Low-risk investor | Weak fit | Mid-cap growth stocks are inherently volatile and subject to higher market risk than blue-chip or dividend-paying alternatives. |
Investor Profile
Ideal Investor Profile
The ideal investor is an aggressive or growth-oriented investor looking for mid-cap exposure with a quantitative edge.
Suitability
It is best suited for long-term investors comfortable with volatility, as opposed to short-term active traders or those seeking stable income.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Mid-cap growth stocks often exhibit higher price swings compared to large-cap indices. |
| Market risk | Medium / high | The fund is exposed to broader economic downturns which disproportionately affect smaller and mid-sized companies. |
| Concentration | Medium | The fund maintains a diversified portfolio, but factor-based selection can occasionally lead to sector tilts. |
| Tracking/expense | Medium | The higher expense ratio compared to passive peers can create a performance drag over long holding periods. |
| Liquidity | Low | Standard market liquidity for underlying holdings is robust for typical retail transactions. |
| Business/sector quality | Medium | The fund relies on quantitative factors, which may not always capture qualitative risks in specific business models. |
Risk Analysis
Volatility
FNY exhibits moderate-to-high historical volatility consistent with growth-oriented mid-cap equity indices.
Market Risk
Primary risks include interest-rate sensitivity and systemic exposure to the performance of US mid-cap companies.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Mid-Cap Growth Equities | 98 | This provides core exposure to medium-sized companies expected to experience above-average growth. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Minor liquidity reserves are held to manage daily flows and rebalancing requirements. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 31.47% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/23/2026 |
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