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First Trust Mid Cap Growth AlphaDEX® Fund (FNY)FNY
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Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: FNY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -3.34% | Upturn Advisory Performance  2 | Avg. Invested days: 45 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -3.34% | Avg. Invested days: 45 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 13750 | Beta 1.17 |
52 Weeks Range 55.27 - 79.04 | Updated Date 09/19/2024 |
52 Weeks Range 55.27 - 79.04 | Updated Date 09/19/2024 |
AI Summarization
ETF First Trust Mid Cap Growth AlphaDEX® Fund Summary:
Profile:
- Focus: Invests in mid-sized companies with strong growth potential, primarily in the technology, healthcare, and consumer discretionary sectors.
- Asset allocation: 100% equities.
- Investment strategy: Actively managed, using the AlphaDEX® methodology to select stocks based on factors like growth, value, and momentum.
Objective:
- To achieve long-term capital appreciation through a combination of stock price growth and dividend income.
Issuer:
- First Trust Advisors L.P.: A reputable and experienced issuer with a long history of managing ETFs.
- Management: Experienced team with strong track record in quantitative investing.
Market Share:
- Approximately 2.5% of the mid-cap growth ETF market.
Total Net Assets:
- $1.7 billion as of November 2023.
Moat:
- Unique AlphaDEX® stock selection methodology.
- Experienced management team.
- Strong long-term performance.
Financial Performance:
- Outperformed the S&P MidCap 400 Growth Index over the past 3, 5, and 10 years.
- Generated an annualized return of 14.5% since its inception.
Growth Trajectory:
- Strong growth potential in the mid-cap growth segment.
- Increasing demand for actively managed ETFs.
Liquidity:
- Average daily trading volume of over 1 million shares.
- Tight bid-ask spread.
Market Dynamics:
- Positive: Strong economic growth, favorable interest rate environment, and increasing investor confidence.
- Negative: Rising inflation, potential for higher interest rates, and geopolitical risks.
Competitors:
- iShares S&P MidCap 400 Growth ETF (IJK) - 70% market share
- Vanguard Mid-Cap Growth ETF (VOT) - 15% market share
Expense Ratio:
- 0.60%
Investment Approach and Strategy:
- Actively managed, using the AlphaDEX® methodology to select stocks.
- Invests in mid-sized companies with strong growth potential across various sectors.
Key Points:
- Strong track record of outperformance.
- Experienced management team.
- Unique investment strategy.
- Competitive expense ratio.
- High liquidity.
Risks:
- Market volatility.
- Sector-specific risks.
- Active management risk.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation.
- Investors comfortable with mid-cap growth stocks.
- Investors seeking an actively managed approach.
Fundamental Rating Based on AI:
7.5/10
The AI-based rating system considers various factors like financial health, market position, future prospects, and risk profile.
Justification:
- Strong historical performance.
- Experienced management team.
- Competitive expense ratio.
- High liquidity.
- Active management risk.
- Sector-specific risks.
Resources:
- First Trust Mid Cap Growth AlphaDEX® Fund website: https://www.firsttrust.com/ftfg
- ETF.com: https://www.etf.com/FTFG
- Morningstar: https://www.morningstar.com/etfs/fxna/ftfg
Disclaimer:
This information should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Mid Cap Growth AlphaDEX® Fund
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select growth stocks from the NASDAQ US 600 Mid Cap Index TM (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
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