First Trust Active Factor Mid Cap ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.4x P/Sales
ratio
0.9x
P/BV
ratio
1.7x Div.
yield
2.2%


  • 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 03, 2019
Assets (mns) $3
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 207
Wgt avg mkt cap (mns) $6,322
Large cap (>$10bn) 12.1%
Mid cap ($2-10bn) 85.0%
Small cap (<$2bn) 2.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HAWAIIAN ELECTRIC INDS 1.4 %
RELIANCE STEEL & ALUMINUM 1.3 %
KBR INC 1.2 %
SYNNEX CORP 1.2 %
DAVITA INC 1.1 %
PORTLAND GENERAL ELECTRIC CO 1.1 %
AUTONATION INC 1.0 %
BIO-RAD LABORATORIES-CL A 1.0 %
JABIL CIRCUIT INC 1.0 %
CHEMED CORP 1.0 %
Total 11.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
IRELAND 0.4 %
BRITAIN 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.5% -- -- -- -2.5%

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

Technical Indicators
Recent close $18.49
30d moving avg. $20.48
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $10,494

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 7.4%


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 34.3 23 42 6.2 -1.1
SPMD SPDR Portfolio Mid Cap ETF 34.2 5 60 6.4 -1.0
IJH iShares Core S&P Mid-Cap ETF 34.2 6 59 6.4 -1.0
FNK First Trust Mid Cap Value AlphaDEX Fund 33.8 70 -5 10.5 +3.2
IVOO Vanguard S&P Mid-Cap 400 ETF 33.8 10 55 6.4 -1.0
EZM WisdomTree U.S. MidCap Earnings Fund 33.7 38 27 9.4 +2.1
FNX First Trust Mid Cap Core AlphaDEX Fund 33.3 61 4 7.3 -0.1
RWK Invesco S&P MidCap 400 Revenue ETF 33.2 39 26 8.2 +0.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 33.1 15 50 4.3 -3.1
IJK iShares S&P Mid-Cap 400 Growth ETF 33.0 24 41 4.2 -3.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 32.5 15 50 4.3 -3.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 31.1 40 25 7.0 -0.4
SMDY Syntax Stratified MidCap ETF 30.2 30 35 6.9 -0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 29.2 20 45 7.1 -0.2
RNMC Mid Cap US Equity Select ETF 28.2 60 5 7.3 -0.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 26.8 15 50 8.7 +1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 26.8 25 40 8.6 +1.3
MDYV SPDR S&P 400 Mid Cap Value ETF 26.8 15 50 8.7 +1.4
JHSC John Hancock Multifactor Small Cap ETF 26.3 50 15 6.2 -1.2
VUSE Vident Core US Equity Fund 26.1 48 17 8.2 +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

Content on this tab for subscribers only

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.56
 
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.