First Trust Active Factor Mid Cap ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.0x P/Sales
ratio
1.3x
P/BV
ratio
2.0x 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 283
Wgt avg mkt cap (mns) $6,648
Large cap (>$10bn) 19.8%
Mid cap ($2-10bn) 75.7%
Small cap (<$2bn) 4.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WEST PHARMACEUTICAL SERVICES 1.7 %
BIO-RAD LABORATORIES-CL A 1.5 %
RELIANCE STEEL & ALUMINUM 1.4 %
MOLINA HEALTHCARE INC 1.3 %
REGAL BELOIT CORP 1.0 %
GENERAC HOLDINGS INC 1.0 %
POOL CORP 1.0 %
CACI INTERNATIONAL INC -CL A 1.0 %
TERADYNE INC 1.0 %
COMMERCIAL METALS CO 1.0 %
Total 11.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BRITAIN 0.9 %
BERMUDA 0.9 %
IRELAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.3% -- -- -- -12.3%

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

Technical Indicators
Recent close $18.54
30d moving avg. $17.66
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $14,860

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™: 5.9%


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
(%)
MDY SPDR S&P Midcap 400 ETF Trust 40.4 23 42 6.0 +0.1
SPMD SPDR Portfolio Mid Cap ETF 40.4 5 60 6.2 +0.3
IJH iShares Core S&P Mid-Cap ETF 40.4 6 59 6.2 +0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 39.8 10 55 6.1 +0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 37.8 40 25 6.6 +0.7
EZM WisdomTree U.S. MidCap Earnings Fund 37.4 38 27 8.6 +2.7
SMDY Syntax Stratified MidCap ETF 35.7 30 35 5.9 +0.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 34.6 15 50 4.7 -1.2
FNX First Trust Mid Cap Core AlphaDEX Fund 34.5 61 4 6.3 +0.4
IJK iShares S&P Mid-Cap 400 Growth ETF 34.5 24 41 4.6 -1.3
FSMD Fidelity Small-Mid Factor ETF 34.2 29 36 6.6 +0.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 34.1 15 50 4.7 -1.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 33.3 7 58 5.2 -0.6
RWK Invesco S&P MidCap 400 Revenue ETF 33.2 39 26 7.3 +1.4
SCHM Schwab U.S. Mid-Cap ETF 32.2 4 61 5.9 +0.0
MDYV SPDR S&P 400 Mid Cap Value ETF 30.9 15 50 8.1 +2.2
IJJ iShares S&P Mid-Cap 400 Value ETF 30.8 25 40 8.0 +2.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 29.8 15 50 8.1 +2.2
RNMC Mid Cap US Equity Select ETF 29.7 60 5 7.1 +1.2
JHSC John Hancock Multifactor Small Cap ETF 28.7 42 23 5.6 -0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 28.2 20 45 8.9 +3.0
VB Vanguard Small-Cap ETF 27.7 5 60 5.2 -0.7
DON WisdomTree U.S. MidCap Dividend Fund 27.7 38 27 7.3 +1.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 27.2 48 17 5.3 -0.6
BKSE BNY Mellon US Small Cap Core Equity ETF 27.2 4 61 5.7 -0.1
VBR Vanguard Small Cap Value Index Fund 26.6 7 58 7.9 +2.0
FNK First Trust Mid Cap Value AlphaDEX Fund 26.3 70 -5 10.3 +4.5
SFYX Sofi Next 500 ETF 25.8 0 65 5.7 -0.2
AFSM First Trust Active Factor Small Cap ETF 25.1 75 -10 5.2 -0.7
VUSE Vident Core US Equity Fund 25.0 48 17 8.4 +2.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 24.9 24 41 5.9 -0.0
XMMO Invesco S&P MidCap Momentum ETF 24.8 39 26 4.3 -1.6
JKL iShares Morningstar Small Cap Value ETF 24.7 30 35 9.6 +3.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 24.6 70 -5 2.0 -3.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 24.5 6 59 5.0 -0.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.3 30 35 7.2 +1.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.1 17 48 4.8 -1.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 23.7 80 -15 5.0 -0.9
VBK Vanguard Small-Cap Growth Index Fund 23.2 7 58 2.2 -3.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.0 24 41 6.5 +0.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 22.8 29 36 9.0 +3.2
JHMM John Hancock Multifactor Mid Cap ETF 22.6 42 23 5.4 -0.4
EQWM Invesco S&P MidCap Quality ETF 22.5 25 40 5.9 +0.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 21.0 35 30 3.8 -2.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.0 20 45 6.7 +0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 20.9 20 45 6.1 +0.3
SCHA Schwab U.S. Small-Cap ETF 20.4 4 61 4.4 -1.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 20.2 30 35 5.4 -0.5
VXF Vanguard Extended Market Index Fund 19.9 7 58 3.5 -2.4
XMLV Invesco S&P MidCap Low Volatility ETF 19.9 25 40 5.4 -0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.8 29 36 6.6 +0.7
USMF WisdomTree U.S. Multifactor Fund 19.8 28 37 5.3 -0.6
SMMD iShares Russell 2500 ETF 19.7 15 50 5.6 -0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.5 17 48 6.1 +0.2
TPLC Timothy Plan US Large Cap Core ETF 18.9 52 13 5.1 -0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 18.4 25 40 6.0 +0.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.1 20 45 4.5 -1.4
IUSS Invesco Strategic US Small Company ETF 17.8 23 42 4.9 -0.9
VFMF Vanguard U.S. Multifactor ETF 17.7 19 46 6.7 +0.8
NUSC Nuveen ESG Small-Cap ETF 17.2 40 25 4.8 -1.1
EQAL Invesco Russell 1000 Equal Weight ETF 17.1 20 45 5.4 -0.5
PXMV Invesco S&P MidCap Value with Momentum ETF 15.9 39 26 9.3 +3.4
BFOR Barron's 400 ETF 15.5 65 0 5.9 +0.1
ONEY SPDR Russell 1000 Yield Focus ETF 15.5 20 45 8.8 +2.9
JKJ iShares Morningstar Small-Cap ETF 15.4 25 40 6.3 +0.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 15.1 60 5 7.6 +1.7
RFV Invesco S&P Midcap 400 Pure Value ETF 15.1 35 30 9.4 +3.5
FAB First Trust Multi Cap Value AlphaDEX Fund 15.0 71 -6 9.4 +3.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.0 66 -1 2.2 -3.7
TUSA First Trust Total US Market AlphaDEX ETF 14.6 70 -5 5.6 -0.3
IWR iShares Russell Midcap ETF 14.6 19 46 5.4 -0.5
BUY USCF SummerHaven SHPEI Index Fund 14.4 80 -15 8.5 +2.6
IWS iShares Russell Mid-Cap Value ETF 14.3 24 41 6.8 +0.9
ROUS Hartford Multifactor US Equity ETF 14.3 19 46 6.9 +1.1
JVAL JPMorgan U.S. Value Factor ETF 14.1 12 53 8.3 +2.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 14.1 35 30 5.6 -0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 14.1 35 30 5.6 -0.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 13.8 25 40 7.4 +1.5
VALQ American Century STOXX U.S. Quality Value ETF 13.8 29 36 8.4 +2.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.7 35 30 5.2 -0.7
JKH iShares Morningstar Mid-Cap Growth ETF 13.5 30 35 2.2 -3.7
VFQY Vanguard U.S. Quality Factor ETF 13.4 13 52 5.7 -0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 13.4 63 2 6.0 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.3 29 36 4.6 -1.3
PVAL Principal Contrarian Value Index ETF 13.3 29 36 9.3 +3.4
JKK iShares Morningstar Small-Cap Growth ETF 13.0 30 35 1.1 -4.8
VFLQ Vanguard U.S. Liquidity Factor ETF 12.7 14 51 4.4 -1.5
IWO iShares Russell 2000 Growth ETF 12.3 24 41 -0.1 -5.9
IWP iShares Russell Mid-Cap Growth ETF 12.1 24 41 2.9 -3.0
IWM iShares Russell 2000 ETF 12.1 19 46 3.4 -2.5
VTWG Vanguard Russell 2000 Growth Index Fund 12.1 15 50 -0.0 -5.9
QSY WisdomTree U.S. LargeCap Value Fund 12.1 38 27 6.5 +0.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.1 30 35 5.4 -0.5
VTWO Vanguard Russell 2000 Index Fund 11.9 10 55 3.5 -2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.9 18 47 5.9 +0.1
COWZ Pacer US Cash Cows 100 ETF 11.9 49 16 10.2 +4.3
PSC Principal U.S. Small Cap Index ETF 11.7 38 27 6.3 +0.4
JHMI John Hancock Multifactor Industrials ETF 11.7 40 25 5.4 -0.5
VFMO Vanguard U.S. Momentum Factor ETF 11.6 13 52 0.1 -5.8
ISMD Inspire Small/Mid Cap Impact ETF 11.5 60 5 6.0 +0.1

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 12.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.52
 
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.