First Trust Active Factor Mid Cap ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
1.3x
P/BV
ratio
2.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AFMC is an actively managed portfolio of factor-focused US midcap companies seeking capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Dec 04, 2019
Assets (mns) $2
Currency USD
Expense ratio 65 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 285
Wgt avg mkt cap (mns) $6,551
Large cap (>$10bn) 21.2%
Mid cap ($2-10bn) 72.4%
Small cap (<$2bn) 6.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MOLINA HEALTHCARE INC 1.5 %
RELIANCE STEEL & ALUMINUM 1.3 %
BIO-RAD LABORATORIES-CL A 1.3 %
GENERAC HOLDINGS INC 1.2 %
WEST PHARMACEUTICAL SERVICES 1.2 %
POOL CORP 1.1 %
REGAL BELOIT CORP 1.0 %
JANUS HENDERSON GROUP PLC 1.0 %
SYNNEX CORP 1.0 %
CACI INTERNATIONAL INC -CL A 1.0 %
Total 11.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
BRITAIN 1.0 %
BERMUDA 0.7 %
IRELAND 0.3 %
PUERTO RICO 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.6% -- -- -- -12.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $18.63
30d moving avg. $18.29
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $16,437

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Active Factor Mid Cap ETF ETF based on the alternatives' overlap in portfolio holdings with AFMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AFMC Expense: 65 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AFMC
Ticker Fund
Name
Overlap1
vs AFMC
(%)
Expense
ratio
(bp)
Savings
vs AFMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs AFMC
(%)
IJK iShares S&P Mid-Cap 400 Growth ETF 43.3 24 41 4.8 -1.4
IJJ iShares S&P Mid-Cap 400 Value ETF 40.7 25 40 8.1 +1.9
MDY SPDR S&P Midcap 400 ETF Trust 40.6 23 42 6.2 +0.0
SPMD SPDR Portfolio Mid Cap ETF 40.6 5 60 6.4 +0.2
IJH iShares Core S&P Mid-Cap ETF 40.6 5 60 6.4 +0.2
IVOO Vanguard S&P Mid-Cap 400 ETF 39.8 10 55 6.2 0.0
EZM WisdomTree U.S. MidCap Earnings Fund 38.0 38 27 8.6 +2.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 36.9 40 25 7.1 +0.9
SMDY Syntax Stratified MidCap ETF 36.6 30 35 6.6 +0.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 34.8 15 50 4.9 -1.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 34.6 15 50 4.8 -1.4
FSMD Fidelity Small-Mid Factor ETF 34.4 29 36 6.2 -0.0
RWK Invesco S&P MidCap 400 Revenue ETF 33.5 39 26 7.9 +1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 31.9 7 58 5.1 -1.1
FNX First Trust Mid Cap Core AlphaDEX Fund 31.8 61 4 6.3 +0.1
MDYV SPDR S&P 400 Mid Cap Value ETF 31.2 15 50 8.3 +2.1
SCHM Schwab U.S. Mid-Cap ETF 30.2 4 61 5.9 -0.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 29.0 15 50 8.2 +2.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 29.0 20 45 9.1 +2.9
RNMC Mid Cap US Equity Select ETF 28.7 60 5 7.4 +1.2
DON WisdomTree U.S. MidCap Dividend Fund 27.7 38 27 7.4 +1.2
BKSE BNY Mellon US Small Cap Core Equity ETF 27.6 4 61 5.6 -0.6
XMMO Invesco S&P MidCap Momentum ETF 27.5 34 31 3.8 -2.4
JHSC John Hancock Multifactor Small Cap ETF 27.1 42 23 5.5 -0.7
VB Vanguard Small-Cap ETF 26.9 5 60 5.2 -1.0
VBR Vanguard Small Cap Value Index Fund 26.3 7 58 7.9 +1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.1 24 41 6.0 -0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 26.0 6 59 5.0 -1.2
SFYX Sofi Next 500 ETF 26.0 0 65 5.7 -0.5
VUSE Vident Core US Equity Fund 25.9 48 17 8.8 +2.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 25.7 24 41 6.4 +0.2
JKL iShares Morningstar Small Cap Value ETF 25.4 30 35 9.8 +3.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 25.4 17 48 4.7 -1.5
AFSM First Trust Active Factor Small Cap ETF 25.3 75 -10 5.4 -0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.1 30 35 7.4 +1.2
FNK First Trust Mid Cap Value AlphaDEX Fund 24.6 70 -5 10.5 +4.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 23.2 80 -15 5.6 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 23.2 42 23 5.4 -0.8
VBK Vanguard Small-Cap Growth Index Fund 22.9 7 58 2.2 -4.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 22.8 70 -5 2.1 -4.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 22.6 29 36 9.2 +3.0
EQWM Invesco S&P MidCap Quality ETF 21.6 25 40 6.2 +0.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.3 20 45 6.8 +0.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 21.0 30 35 5.5 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 21.0 20 45 6.3 +0.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 20.7 35 30 3.9 -2.3
STMB iShares Factors US Mid Blend Style ETF 20.5 30 35 5.6 -0.6
USMF WisdomTree U.S. Multifactor Fund 20.2 28 37 5.8 -0.4
XMLV Invesco S&P MidCap Low Volatility ETF 20.2 25 40 5.5 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.6 17 48 6.3 +0.1
SMMD iShares Russell 2500 ETF 19.6 15 50 5.6 -0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.5 29 36 6.7 +0.5
NUSC Nuveen ESG Small-Cap ETF 19.2 40 25 4.7 -1.5
SCHA Schwab U.S. Small-Cap ETF 19.1 4 61 4.7 -1.5
VFMF Vanguard U.S. Multifactor ETF 18.8 19 46 7.2 +1.1
VXF Vanguard Extended Market Index Fund 17.9 6 59 3.5 -2.7
IUSS Invesco Strategic US Small Company ETF 17.6 23 42 5.1 -1.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 17.2 25 40 7.2 +1.0
TPLC Timothy Plan US Large Cap Core ETF 17.1 52 13 5.2 -1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.6 66 -1 2.3 -3.9
EQAL Invesco Russell 1000 Equal Weight ETF 16.5 20 45 5.8 -0.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.5 20 45 4.6 -1.6
BFOR Barron's 400 ETF 16.2 65 0 6.4 +0.2
ONEY SPDR Russell 1000 Yield Focus ETF 16.2 20 45 8.8 +2.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 16.1 48 17 6.2 +0.0
PXMV Invesco S&P MidCap Value with Momentum ETF 16.0 39 26 9.5 +3.3
VFQY Vanguard U.S. Quality Factor ETF 15.9 13 52 6.3 +0.1
RFV Invesco S&P Midcap 400 Pure Value ETF 15.5 35 30 9.2 +3.0
ROUS Hartford Multifactor US Equity ETF 15.2 19 46 6.4 +0.2
JKJ iShares Morningstar Small-Cap ETF 15.2 25 40 6.3 +0.1
TUSA First Trust Total US Market AlphaDEX ETF 15.1 70 -5 5.6 -0.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 14.9 60 5 7.7 +1.5
IWR iShares Russell Midcap ETF 14.4 19 46 5.4 -0.8
FAB First Trust Multi Cap Value AlphaDEX Fund 14.4 71 -6 9.4 +3.2
JVAL JPMorgan U.S. Value Factor ETF 14.3 12 53 8.3 +2.1
JKK iShares Morningstar Small-Cap Growth ETF 14.2 30 35 1.0 -5.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.0 30 35 5.5 -0.7
BUY USCF SummerHaven SHPEI Index Fund 14.0 80 -15 8.6 +2.4
VALQ American Century STOXX U.S. Quality Value ETF 13.9 29 36 8.9 +2.7
IWP iShares Russell Mid-Cap Growth ETF 13.7 24 41 2.9 -3.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.3 29 36 4.9 -1.3
IWS iShares Russell Mid-Cap Value ETF 13.3 24 41 6.8 +0.7
AVUV Avantis U.S. Small Cap Value ETF 13.3 25 40 7.8 +1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 13.2 35 30 5.6 -0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 13.1 35 30 5.6 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 13.1 18 47 6.1 -0.1
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 13.0 25 40 7.5 +1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.0 35 30 5.3 -0.8
JKH iShares Morningstar Mid-Cap Growth ETF 13.0 30 35 2.0 -4.2
SYLD Cambria Shareholder Yield ETF 12.9 59 6 8.6 +2.4
IWM iShares Russell 2000 ETF 12.6 19 46 3.3 -2.9
IWO iShares Russell 2000 Growth ETF 12.6 24 41 -0.1 -6.3
VTWO Vanguard Russell 2000 Index Fund 12.5 10 55 3.5 -2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 12.5 20 45 4.8 -1.4
STSB iShares Factors US Small Blend Style ETF 12.3 35 30 3.6 -2.6
QSY WisdomTree U.S. LargeCap Value Fund 12.3 38 27 6.6 +0.4
COWZ Pacer US Cash Cows 100 ETF 12.2 49 16 11.7 +5.5
PY Principal Shareholder Yield Index ETF 12.0 15 50 9.4 +3.2
QGRO American Century STOXX U.S. Quality Growth ETF 11.9 29 36 3.7 -2.5
KLCD KFA Large Cap Quality Dividend Index ETF 11.9 42 23 5.4 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Active Factor Mid Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.