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Upturn AI Summary
Alger Mid Cap 40 ETF(FRTY)
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 FRTY
11/06/2026: FRTY (2-star) is currently NOT-A-BUY. Pass it for now.
The Alger Mid Cap 40 ETF (FRTY) provides targeted exposure to 40 high-conviction mid-cap growth stocks, managed actively by Fred Alger Management. Its main strengths lie in its dedicated, research-driven selection process, which aims to outperform passive market-cap weighted alternatives. It is best suited for growth-oriented investors who are willing to accept higher concentration risk and a higher expense ratio in pursuit of capital appreciation. Key risks include the inherent volatility of mid-cap growth equities, the lack of broad diversification, and sensitivity to interest rates. Investors should monitor the fund’s performance relative to its benchmarks and the consistency of the management team's research process.
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 | The fund is explicitly designed to capture growth through a concentrated, active portfolio of mid-cap companies. |
| Momentum investor | Strong fit while signal remains positive | The fund's focus on high-growth companies often aligns well with positive momentum in specific market cycles. |
| Value investor | Weak fit | The fund prioritizes growth potential over valuation metrics, which may conflict with a traditional value mandate. |
| Dividend/Income investor | Weak fit | As a growth-oriented fund, it does not prioritize dividend yield or income generation for investors. |
| Low-risk investor | Weak fit | Mid-cap growth stocks are inherently volatile, making this fund unsuitable for those seeking capital preservation. |
Investor Profile
Ideal Investor Profile
Investors seeking aggressive growth through mid-cap exposure who value professional security selection over market-cap weighted indexing.
Suitability
Best for long-term investors comfortable with higher volatility and higher management costs in exchange for the potential of active management alpha.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Concentrated portfolios of growth stocks can experience significant price swings compared to diversified indices. |
| Market risk | Medium / high | The fund is sensitive to broader economic cycles affecting the mid-cap segment of the U.S. equity market. |
| Concentration | High | Holding only 40 stocks increases the impact of individual company performance on the total fund return. |
| Tracking/expense | Medium | The active management fee is higher than passive alternatives, requiring consistent alpha generation to justify costs. |
| Liquidity | Medium | Lower average trading volumes compared to massive passive ETFs could lead to wider spreads in stressful markets. |
| Business/sector quality | Medium | The portfolio relies on management's ability to accurately identify sustainable growth businesses in a competitive sector. |
Risk Analysis
Volatility
FRTY experiences high volatility due to its concentrated 40-stock growth-focused strategy, which lacks the dampening effect of broader diversification.
Market Risk
The primary risk is the performance of mid-cap growth equities, which are sensitive to macroeconomic changes, interest rates, and investor sentiment toward growth-style investing.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | Mid-Cap Growth Equities | 97 | This represents the core active investment in 40 growth-oriented companies within the mid-cap space. |
| Cash/collateral | Cash and Cash Equivalents | 3 | A small portion of the fund is held in liquid assets to manage inflows, outflows, and operational requirements. |
Analysis of Past Performance
Type ETF | Historic Profit 28.88% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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