First Trust Active Factor Mid Cap ETF
ALTAR
Score™
6.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.2x
P/BV
ratio
1.8x 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) $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 273
Wgt avg mkt cap (mns) $5,874
Large cap (>$10bn) 15.8%
Mid cap ($2-10bn) 76.2%
Small cap (<$2bn) 8.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WEST PHARMACEUTICAL SERVICES 1.6 %
RELIANCE STEEL & ALUMINUM 1.3 %
BIO-RAD LABORATORIES-CL A 1.3 %
TERADYNE INC 1.2 %
TYLER TECHNOLOGIES INC 1.2 %
DOMINO'S PIZZA INC 1.0 %
FAIR ISAAC CORP 1.0 %
TELEDYNE TECHNOLOGIES INC 1.0 %
AMEDISYS INC 1.0 %
CHEMED CORP 1.0 %
Total 11.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
BRITAIN 0.7 %
IRELAND 0.4 %
BERMUDA 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.8% -- -- -- -16.8%

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

Technical Indicators
Recent close $16.98
30d moving avg. $15.68
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $15,731

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.5%


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
(%)
IVOO Vanguard S&P Mid-Cap 400 ETF 42.9 10 55 6.5 +0.0
MDY SPDR S&P Midcap 400 ETF Trust 42.7 23 42 6.5 -0.0
SPMD SPDR Portfolio Mid Cap ETF 42.6 5 60 6.7 +0.1
IJH iShares Core S&P Mid-Cap ETF 42.5 6 59 6.6 +0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 39.2 15 50 4.9 -1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 38.5 15 50 5.0 -1.6
IJK iShares S&P Mid-Cap 400 Growth ETF 38.4 24 41 4.9 -1.6
EZM WisdomTree U.S. MidCap Earnings Fund 37.9 38 27 9.7 +3.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 36.5 40 25 7.2 +0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 34.7 61 4 7.2 +0.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 34.3 7 58 5.8 -0.8
RWK Invesco S&P MidCap 400 Revenue ETF 34.2 39 26 8.0 +1.5
FSMD Fidelity Small-Mid Factor ETF 34.0 29 36 7.3 +0.8
SMDY Syntax Stratified MidCap ETF 33.9 30 35 6.7 +0.2
SCHM Schwab U.S. Mid-Cap ETF 32.3 4 61 6.6 +0.1
RNMC Mid Cap US Equity Select ETF 31.6 60 5 8.3 +1.8
XMMO Invesco S&P MidCap Momentum ETF 30.9 39 26 4.3 -2.2
MDYV SPDR S&P 400 Mid Cap Value ETF 30.8 15 50 8.8 +2.3
IJJ iShares S&P Mid-Cap 400 Value ETF 30.8 25 40 8.7 +2.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 30.8 15 50 8.8 +2.3
VBR Vanguard Small Cap Value Index Fund 29.4 7 58 8.9 +2.4
VB Vanguard Small-Cap ETF 29.0 5 60 5.8 -0.7
JHSC John Hancock Multifactor Small Cap ETF 28.7 50 15 6.1 -0.4
DON WisdomTree U.S. MidCap Dividend Fund 28.4 38 27 8.1 +1.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 28.2 20 45 10.2 +3.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 27.7 70 -5 2.1 -4.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 26.0 6 59 5.4 -1.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 25.4 17 48 5.2 -1.4
AFSM First Trust Active Factor Small Cap ETF 25.4 75 -10 6.6 +0.1
SFYX Sofi Next 500 ETF 25.2 0 65 6.2 -0.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 25.2 24 41 7.9 +1.4
XMLV Invesco S&P MidCap Low Volatility ETF 24.2 25 40 5.4 -1.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 24.1 35 30 4.0 -2.5
VBK Vanguard Small-Cap Growth Index Fund 23.9 7 58 2.7 -3.8
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 23.9 39 26 6.4 -0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 23.4 70 -5 11.7 +5.2
VUSE Vident Core US Equity Fund 23.0 48 17 8.1 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 22.8 24 41 6.2 -0.3
IUSS Invesco Strategic US Small Company ETF 22.6 23 42 6.3 -0.2
EQWM Invesco S&P MidCap Quality ETF 22.5 25 40 5.0 -1.5
JHMM John Hancock Multifactor Mid Cap ETF 22.2 44 21 6.0 -0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.9 20 45 7.2 +0.7
VXF Vanguard Extended Market Index Fund 21.4 7 58 4.1 -2.4
TPLC Timothy Plan US Large Cap Core ETF 21.2 52 13 5.5 -1.0
JKL iShares Morningstar Small Cap Value ETF 20.3 30 35 10.4 +3.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.3 25 40 6.8 +0.3
SCHA Schwab U.S. Small-Cap ETF 20.2 4 61 5.1 -1.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.1 30 35 8.0 +1.5
PVAL Principal Contrarian Value Index ETF 19.7 29 36 7.8 +1.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 19.6 80 -15 5.6 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.4 29 36 6.9 +0.4
USMF WisdomTree U.S. Multifactor Fund 19.3 28 37 6.3 -0.2
SMMD iShares Russell 2500 ETF 18.9 15 50 5.8 -0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 18.8 20 45 6.8 +0.3
NUSC Nuveen ESG Small-Cap ETF 18.6 40 25 5.3 -1.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 18.6 48 17 6.6 +0.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.4 20 45 6.2 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.9 17 48 6.7 +0.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 17.2 30 35 6.2 -0.3
VFMF Vanguard U.S. Multifactor ETF 17.0 18 47 7.4 +0.9
ONEY SPDR Russell 1000 Yield Focus ETF 16.9 20 45 8.8 +2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.9 66 -1 2.7 -3.9
PXMV Invesco S&P MidCap Value with Momentum ETF 16.1 39 26 9.9 +3.4
TUSA First Trust Total US Market AlphaDEX ETF 15.5 70 -5 6.5 0.0
BFOR Barron's 400 ETF 15.5 66 -1 6.5 -0.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 15.4 29 36 6.3 -0.2
IWS iShares Russell Mid-Cap Value ETF 15.1 24 41 7.5 +1.0
EQAL Invesco Russell 1000 Equal Weight ETF 15.1 20 45 5.3 -1.2
RFV Invesco S&P Midcap 400 Pure Value ETF 15.0 35 30 10.6 +4.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 14.9 60 5 8.8 +2.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 14.7 35 30 6.0 -0.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.5 35 30 5.3 -1.2
IWM iShares Russell 2000 ETF 14.3 19 46 3.9 -2.6
JKJ iShares Morningstar Small-Cap ETF 14.2 25 40 6.6 +0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 14.2 20 45 6.4 -0.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 14.0 35 30 6.0 -0.5
VTWO Vanguard Russell 2000 Index Fund 13.8 10 55 3.9 -2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 13.6 71 -6 10.3 +3.8
ROUS Hartford Multifactor US Equity ETF 13.5 19 46 7.4 +0.8
JVAL JPMorgan U.S. Value Factor ETF 13.3 12 53 9.1 +2.6
IWR iShares Russell Midcap ETF 13.2 19 46 5.9 -0.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.2 35 30 6.5 +0.0
VFLQ Vanguard U.S. Liquidity Factor ETF 13.2 13 52 3.7 -2.8
VFQY Vanguard U.S. Quality Factor ETF 13.1 13 52 6.4 -0.1
JKH iShares Morningstar Mid-Cap Growth ETF 13.0 30 35 2.5 -4.0
FVL First Trust Value Line 100 Exchange-Traded Fund 12.7 70 -5 4.0 -2.5
JKK iShares Morningstar Small-Cap Growth ETF 12.7 30 35 1.4 -5.1
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 12.6 25 40 7.5 +1.0
VALQ American Century STOXX U.S. Quality Value ETF 12.5 29 36 9.2 +2.7
VFMO Vanguard U.S. Momentum Factor ETF 12.4 13 52 2.1 -4.4
IWN iShares Russell 2000 Value ETF 12.4 24 41 7.6 +1.1
PDP Invesco DWA Momentum ETF 12.3 62 3 2.8 -3.7
VTWV Vanguard Russell 2000 Value Index Fund 12.3 15 50 7.7 +1.2
PSC Principal U.S. Small Cap Index ETF 12.1 38 27 7.7 +1.2
JHMI John Hancock Multifactor Industrials ETF 12.1 40 25 6.3 -0.3
IWO iShares Russell 2000 Growth ETF 12.0 24 41 0.9 -5.6
VTWG Vanguard Russell 2000 Growth Index Fund 11.8 15 50 1.0 -5.6
PEXL Pacer US Export Leaders ETF 11.8 60 5 6.5 +0.0
QSY WisdomTree U.S. LargeCap Value Fund 11.6 38 27 7.0 +0.5

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 1.7 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.