FRTY - ETF AI Analysis
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Alger Mid Cap 40 ETF (FRTY)
Rating:61Neutral
Price Target:―
Positive Factors
Strong Leading Holdings
Several of the largest positions, especially in industrial and technology names, have shown strong gains, helping support the fund’s overall results.
Focused Sector Diversification
The ETF spreads its investments across industrials, health care, technology, and communication services, which helps reduce the impact if one sector struggles.
Targeted Mid-Cap Exposure
By focusing on mid-sized companies, the fund offers access to businesses that can still grow meaningfully but are generally more established than small caps.
Negative Factors
Mixed Performance So Far This Year
Despite a recent one-month rebound, the ETF’s returns over the year to date and the last three months have been weak, showing uneven momentum.
High Expense Ratio
The fund’s fees are relatively high for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
Heavy U.S. and Sector Concentration
With almost all assets in U.S. stocks and large weights in just a few sectors, the fund is sensitive to downturns in the U.S. market and those specific industries.
FRTY vs. SPDR S&P 500 ETF (SPY)
AUM145.28M
RegionNorth America
Expense Ratio0.60%
Beta1.32
IssuerAlger
Inception DateFeb 26, 2021
Dividend Yield0.17%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume18,134
30 Day Avg. Volume35,208
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
26.50Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering39
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FRTY Summary
The Alger Mid Cap 40 ETF (FRTY) is an actively managed fund that focuses on U.S. mid-sized companies with strong growth potential, rather than tracking a specific index. It holds just 40 stocks, mainly in industrials, health care, and technology, including well-known names like Cloudflare and Robinhood. Someone might invest in this ETF to seek higher growth than large, established companies while still avoiding the smallest, riskiest firms, and to get diversification across several sectors in one fund. A key risk is that growth-focused mid-cap stocks can be quite volatile and may fall more than the overall market during downturns.
How much will it cost me?The Alger Mid Cap 40 ETF (Ticker: FRTY) has an expense ratio of 0.6%, meaning you’ll pay $6 per year for every $1,000 invested. This is higher than average because the fund is actively managed, focusing on a curated portfolio of 40 mid-cap growth stocks, which requires more research and management compared to passively managed ETFs.
What would affect this ETF?The Alger Mid Cap 40 ETF (FRTY) could benefit from continued innovation and growth in sectors like technology and communication services, which make up a significant portion of its holdings. However, it may face challenges if economic conditions worsen, as mid-cap companies are often more sensitive to market volatility and higher interest rates could impact growth-focused stocks. Regulatory changes or sector-specific disruptions in industries like healthcare or consumer cyclical could also influence performance.
FRTY Top 10 Holdings
FRTY is leaning hard into U.S. mid-cap growth, with a clear tilt toward tech and industrial innovators. Western Digital has been a standout, riding the wave of AI-driven demand, while Vertiv, Comfort Systems, and Modine form a steady industrial backbone that’s been quietly powering returns. On the flip side, Liberty Formula One and Heico have been more of a speed bump than a turbo boost lately, and Nebius’s mixed signals add some wobble. Overall, the fund is concentrated in a handful of rising U.S. tech and industrial names that set the tone for performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Vertiv Holdings | 4.64% | $6.19M | $128.48B | 197.75% | 77 Outperform | |
| Comfort Systems | 4.44% | $5.93M | $66.30B | 279.09% | 80 Outperform | |
| Liberty Media Liberty Formula One | 3.91% | $5.22M | $22.21B | -7.41% | 66 Neutral | |
| Modine | 3.91% | $5.22M | $16.21B | 230.77% | 68 Neutral | |
| Western Digital | 3.91% | $5.22M | $194.09B | 947.24% | 77 Outperform | |
| SanDisk Corp | 3.49% | $4.66M | $254.18B | 4341.92% | 55 Neutral | |
| Nebius Group | 3.40% | $4.54M | $65.58B | 599.17% | 46 Neutral | |
| Synopsys | 3.39% | $4.52M | $97.34B | 9.03% | 73 Outperform | |
| FTAI Aviation | 3.33% | $4.44M | $25.22B | 99.32% | 58 Neutral | |
| Heico Cp Cl A | 3.20% | $4.27M | $38.97B | 4.51% | 79 Outperform |
FRTY Technical Analysis
Positive
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Price Trends
21.27
Positive
21.03
Positive
21.23
Positive
Market Momentum
0.67
Negative
67.40
Neutral
89.61
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRTY, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 22.45, equal to the 50-day MA of 21.27, and equal to the 200-day MA of 21.23, indicating a bullish trend. The MACD of 0.67 indicates Negative momentum. The RSI at 67.40 is Neutral, neither overbought nor oversold. The STOCH value of 89.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRTY.
FRTY Peer Comparison
Comparison Results
Performance Comparison
FRTY
Alger Mid Cap 40 ETF
23.70
5.64
31.23%
AVMV
Avantis U.S. Mid Cap Value ETF
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AVMC
Avantis U.S. Mid Cap Equity ETF
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GLRY
Inspire Faithward Mid Cap Momentum ESG ETF
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TMFM
Motley Fool Mid-Cap Growth ETF
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MID.ETF
American Century Mid Cap Growth Impact ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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