First Trust Active Factor Mid Cap ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
1.5x
P/BV
ratio
2.6x Div.
yield
1.5%


  • 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 300
Wgt avg mkt cap (mns) $7,609
Large cap (>$10bn) 24.0%
Mid cap ($2-10bn) 72.1%
Small cap (<$2bn) 3.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAC HOLDINGS INC 1.3 %
MOLINA HEALTHCARE INC 1.2 %
RELIANCE STEEL & ALUMINUM 1.1 %
BRUNSWICK CORP 1.1 %
AGCO CORP 1.1 %
TERADYNE INC 1.1 %
REGAL BELOIT CORP 1.0 %
ETSY, INC. 1.0 %
MDU RESOURCES GROUP INC 1.0 %
JANUS HENDERSON GROUP PLC 0.9 %
Total 10.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
BRITAIN 0.9 %
PUERTO RICO 0.5 %
IRELAND 0.4 %
BERMUDA 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

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

Technical Indicators
Recent close $22.76
30d moving avg. $21.90
Annualized volatility 0.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $23,713

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™: 5.2%


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
(%)
MDY SPDR S&P Midcap 400 ETF Trust 37.1 23 42 5.2 -0.1
IJH iShares Core S&P Mid-Cap ETF 37.0 5 60 5.3 +0.1
SPMD SPDR Portfolio Mid Cap ETF 37.0 5 60 5.3 +0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 36.3 10 55 5.3 +0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 36.2 40 25 5.7 +0.4
XJH iShares ESG Screened S&P Mid-Cap ETF 35.9 12 53 5.4 +0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 34.8 61 4 5.1 -0.1
SMDY Syntax Stratified MidCap ETF 33.7 30 35 5.2 -0.1
FSMD Fidelity Small-Mid Factor ETF 33.1 29 36 5.3 +0.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 32.3 7 58 3.9 -1.3
RWK Invesco S&P MidCap 400 Revenue ETF 31.3 39 26 6.4 +1.2
EZM WisdomTree U.S. MidCap Earnings Fund 30.9 38 27 7.6 +2.4
SCHM Schwab U.S. Mid-Cap ETF 30.7 4 61 5.0 -0.2
JHSC John Hancock Multifactor Small Cap ETF 29.4 42 23 4.6 -0.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 28.9 15 50 3.8 -1.5
IJK iShares S&P Mid-Cap 400 Growth ETF 28.9 17 48 3.8 -1.5
AFSM First Trust Active Factor Small Cap ETF 28.4 77 -12 4.3 -0.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 28.2 15 50 4.2 -1.0
IJJ iShares S&P Mid-Cap 400 Value ETF 27.8 18 47 7.0 +1.7
MDYV SPDR S&P 400 Mid Cap Value ETF 27.8 15 50 7.0 +1.7
SFYX Sofi Next 500 ETF 27.5 0 65 4.8 -0.4
VB Vanguard Small-Cap ETF 27.2 5 60 4.4 -0.8
RNMC Mid Cap US Equity Select ETF 26.9 60 5 6.1 +0.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 26.2 20 45 0.0 -5.2
BKSE BNY Mellon US Small Cap Core Equity ETF 25.7 4 61 4.7 -0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.3 24 41 5.5 +0.2
VBR Vanguard Small Cap Value Index Fund 25.3 7 58 6.5 +1.2
VUSE Vident Core US Equity Fund 25.1 48 17 7.4 +2.1
FNK First Trust Mid Cap Value AlphaDEX Fund 25.0 70 -5 7.8 +2.6
DON WisdomTree U.S. MidCap Dividend Fund 25.0 38 27 6.7 +1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 24.8 6 59 4.0 -1.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 24.7 15 50 6.7 +1.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.7 17 48 4.0 -1.2
VBK Vanguard Small-Cap Growth Index Fund 24.5 7 58 1.9 -3.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 24.1 70 -5 1.6 -3.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 24.1 60 5 3.7 -1.6
XMHQ Invesco S&P MidCap Quality ETF 24.0 25 40 5.4 +0.1
JHMM John Hancock Multifactor Mid Cap ETF 23.6 42 23 4.7 -0.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 23.4 30 35 6.1 +0.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 22.4 24 41 4.9 -0.3
XMMO Invesco S&P MidCap Momentum ETF 22.3 34 31 3.4 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.6 20 45 6.2 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 21.2 20 45 5.6 +0.4
STMB iShares Factors US Mid Blend Style ETF 20.9 30 35 5.0 -0.3
USMF WisdomTree U.S. Multifactor Fund 20.9 28 37 5.4 +0.1
SCHA Schwab U.S. Small-Cap ETF 20.2 4 61 3.6 -1.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 20.1 29 36 7.3 +2.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.7 17 48 5.7 +0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.6 29 36 6.0 +0.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 19.5 30 35 5.4 +0.1
XMVM Invesco S&P MidCap Value with Momentum ETF 19.1 39 26 8.1 +2.9
RFG Invesco S&P Midcap 400 Pure Growth ETF 19.1 35 30 3.4 -1.9
JKL iShares Morningstar Small Cap Value ETF 19.1 30 35 7.6 +2.4
RFV Invesco S&P Midcap 400 Pure Value ETF 19.0 35 30 8.9 +3.7
VXF Vanguard Extended Market Index Fund 18.7 6 59 2.5 -2.7
SMMD iShares Russell 2500 ETF 18.7 15 50 4.7 -0.5
SIXL 6 Meridian Low Beta Equity Strategy ETF 18.7 84 -19 4.0 -1.2
VFMF Vanguard U.S. Multifactor ETF 18.3 19 46 6.1 +0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 18.0 66 -1 1.8 -3.4
NUSC Nuveen ESG Small-Cap ETF 18.0 40 25 3.9 -1.3
VFQY Vanguard U.S. Quality Factor ETF 17.7 13 52 5.3 +0.0
VTWO Vanguard Russell 2000 Index Fund 17.6 10 55 2.7 -2.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 17.5 80 -15 4.7 -0.6
BFOR Barron's 400 ETF 17.2 65 0 5.6 +0.3
IUSS Invesco Strategic US Small Company ETF 17.1 23 42 3.6 -1.6
TPLC Timothy Plan US Large Cap Core ETF 16.9 52 13 4.5 -0.8
EQAL Invesco Russell 1000 Equal Weight ETF 16.7 20 45 5.1 -0.2
JKJ iShares Morningstar Small-Cap ETF 16.6 25 40 5.1 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 16.6 71 -6 7.6 +2.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 16.6 25 40 4.8 -0.5
JKH iShares Morningstar Mid-Cap Growth ETF 16.0 30 35 1.9 -3.3
VTWG Vanguard Russell 2000 Growth Index Fund 15.8 15 50 0.1 -5.2
IWO iShares Russell 2000 Growth ETF 15.8 24 41 -0.1 -5.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 15.7 35 30 5.1 -0.2
TUSA First Trust Total US Market AlphaDEX ETF 15.7 70 -5 4.8 -0.4
ONEY SPDR Russell 1000 Yield Focus ETF 15.6 20 45 7.3 +2.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 15.6 60 5 6.2 +1.0
AVUV Avantis U.S. Small Cap Value ETF 15.1 25 40 6.4 +1.2
XMLV Invesco S&P MidCap Low Volatility ETF 15.1 25 40 5.0 -0.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.0 20 45 3.6 -1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 14.9 29 36 4.2 -1.0
IWR iShares Russell Midcap ETF 14.9 19 46 4.8 -0.5
IWM iShares Russell 2000 ETF 14.9 19 46 2.5 -2.7
ROUS Hartford Multifactor US Equity ETF 14.8 19 46 5.8 +0.6
VFVA Vanguard U.S. Value Factor ETF 14.7 14 51 8.5 +3.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 14.7 20 45 3.8 -1.5
JVAL JPMorgan U.S. Value Factor ETF 14.5 12 53 7.1 +1.9
JKK iShares Morningstar Small-Cap Growth ETF 14.2 30 35 0.6 -4.7
COWZ Pacer US Cash Cows 100 ETF 14.1 49 16 10.1 +4.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 14.1 35 30 5.1 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.0 18 47 5.6 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 14.0 35 30 5.1 -0.2
IWS iShares Russell Mid-Cap Value ETF 13.9 24 41 6.0 +0.8
VALQ American Century STOXX U.S. Quality Value ETF 13.9 29 36 7.8 +2.6
SYLD Cambria Shareholder Yield ETF 13.6 59 6 6.7 +1.5
VFMO Vanguard U.S. Momentum Factor ETF 13.6 13 52 1.4 -3.9
IWP iShares Russell Mid-Cap Growth ETF 13.4 24 41 2.7 -2.6
STSB iShares Factors US Small Blend Style ETF 13.3 35 30 2.9 -2.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 13.1 63 2 5.2 -0.0

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 13.7 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.49
 
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.