Mid Cap US Equity Select ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.9x P/Sales
ratio
1.5x
P/BV
ratio
2.1x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Mid Cap US Equity Select ETF tracks a dividend-selected, tier-weighted index of Mid-Cap U.S. Equities.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $15
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 336
Wgt avg mkt cap (mns) $6,847
Large cap (>$10bn) 15.8%
Mid cap ($2-10bn) 83.4%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BRUKER CORP 2.0 %
DENTSPLY SIRONA, INC. 2.0 %
ENCOMPASS HEALTH CORPORATION 1.9 %
CHEMED CORP 1.8 %
HILL-ROM HOLDINGS INC 1.8 %
PERRIGO CO 1.7 %
UNIVERSAL HEALTH SERVICES-B 1.7 %
BROOKS AUTOMATION INC 0.8 %
AMKOR TECHNOLOGY INC 0.8 %
ENTEGRIS INC 0.8 %
Total 15.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 2.0 %
BERMUDA 1.0 %
PUERTO RICO 0.2 %







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.
5.7% 5.7% -- -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.25 88%
MSCI EAFE 1.22 83%
MSCI Emg. Mkts. 1.00 71%

Technical Indicators
Recent close $25.63
30d moving avg. $24.72
Annualized volatility 25.1%
Short interest (ETF) 2.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $24,068

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Mid Cap US Equity Select ETF ETF based on the alternatives' overlap in portfolio holdings with RNMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNMC Expense: 60 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNMC
Ticker Fund
Name
Overlap1
vs RNMC
(%)
Expense
ratio
(bp)
Savings
vs RNMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNMC
(%)
DON WisdomTree U.S. MidCap Dividend Fund 48.8 38 22 6.7 +0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 46.6 61 -1 5.0 -1.0
FNK First Trust Mid Cap Value AlphaDEX Fund 41.7 70 -10 7.7 +1.7
SCHM Schwab U.S. Mid-Cap ETF 41.6 4 56 5.0 -1.1
EZM WisdomTree U.S. MidCap Earnings Fund 39.7 38 22 7.5 +1.5
VBR Vanguard Small Cap Value Index Fund 38.9 7 53 6.4 +0.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 37.9 40 20 5.6 -0.4
BKSE BNY Mellon US Small Cap Core Equity ETF 37.1 4 56 4.7 -1.4
JHSC John Hancock Multifactor Small Cap ETF 37.0 42 18 4.5 -1.5
MDY SPDR S&P Midcap 400 ETF Trust 36.5 23 37 5.1 -1.0
SPMD SPDR Portfolio Mid Cap ETF 36.4 5 55 5.3 -0.8
IJH iShares Core S&P Mid-Cap ETF 36.4 5 55 5.3 -0.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 35.7 20 40 7.1 +1.1
SFYX Sofi Next 500 ETF 35.3 0 60 4.8 -1.3
IVOO Vanguard S&P Mid-Cap 400 ETF 35.2 10 50 5.3 -0.8
XJH iShares ESG Screened S&P Mid-Cap ETF 33.2 12 48 5.4 -0.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 33.1 7 53 3.9 -2.2
FSMD Fidelity Small-Mid Factor ETF 32.8 29 31 5.2 -0.8
IJJ iShares S&P Mid-Cap 400 Value ETF 31.7 18 42 6.9 +0.8
MDYV SPDR S&P 400 Mid Cap Value ETF 31.7 15 45 6.9 +0.9
SMDY Syntax Stratified MidCap ETF 30.9 30 30 5.1 -0.9
RWK Invesco S&P MidCap 400 Revenue ETF 30.1 39 21 6.3 +0.3
VB Vanguard Small-Cap ETF 30.1 5 55 4.4 -1.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 29.9 6 54 4.0 -2.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 29.7 15 45 6.7 +0.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 29.5 17 43 4.0 -2.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 28.9 29 31 6.0 -0.1
ONEY SPDR Russell 1000 Yield Focus ETF 28.9 20 40 7.2 +1.1
AFMC First Trust Active Factor Mid Cap ETF 26.9 65 -5 5.2 -0.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.1 24 36 5.4 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 26.0 42 18 4.7 -1.4
JKL iShares Morningstar Small Cap Value ETF 25.4 30 30 7.6 +1.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 25.2 20 40 6.2 +0.1
SMMD iShares Russell 2500 ETF 24.4 15 45 4.7 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 24.0 71 -11 7.5 +1.5
IWS iShares Russell Mid-Cap Value ETF 24.0 24 36 5.9 -0.1
EQAL Invesco Russell 1000 Equal Weight ETF 23.3 20 40 5.0 -1.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 23.1 15 45 3.7 -2.3
IJK iShares S&P Mid-Cap 400 Growth ETF 23.1 17 43 3.7 -2.4
JKJ iShares Morningstar Small-Cap ETF 21.6 25 35 5.0 -1.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 21.4 48 12 5.5 -0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 21.3 15 45 4.1 -1.9
NUSC Nuveen ESG Small-Cap ETF 21.2 40 20 3.9 -2.1
SCHA Schwab U.S. Small-Cap ETF 21.2 4 56 3.6 -2.5
VFVA Vanguard U.S. Value Factor ETF 20.6 14 46 8.4 +2.4
ONEO SPDR Russell 1000 Momentum Focus ETF 20.3 20 40 5.6 -0.5
JVAL JPMorgan U.S. Value Factor ETF 19.7 12 48 7.1 +1.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 18.7 29 31 6.1 +0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 18.6 25 35 4.8 -1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 18.3 17 43 5.6 -0.4
VXF Vanguard Extended Market Index Fund 18.3 6 54 2.5 -3.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 17.9 80 -20 4.7 -1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 17.9 14 46 3.5 -2.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 17.6 70 -10 1.6 -4.5
IWR iShares Russell Midcap ETF 17.6 19 41 4.7 -1.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 17.2 29 31 7.2 +1.2
STMB iShares Factors US Mid Blend Style ETF 16.9 30 30 4.9 -1.1
VBK Vanguard Small-Cap Growth Index Fund 16.4 7 53 1.9 -4.2
VUSE Vident Core US Equity Fund 16.4 48 12 7.3 +1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.1 35 25 5.1 -1.0
IUSS Invesco Strategic US Small Company ETF 15.7 23 37 3.6 -2.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.7 20 40 3.7 -2.4
TUSA First Trust Total US Market AlphaDEX ETF 15.5 70 -10 4.8 -1.3
XMLV Invesco S&P MidCap Low Volatility ETF 15.1 25 35 5.1 -1.0
JDIV JPMorgan U.S. Dividend ETF 15.0 12 48 6.7 +0.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.8 30 30 5.3 -0.7
VALQ American Century STOXX U.S. Quality Value ETF 14.8 29 31 7.8 +1.8
XMHQ Invesco S&P MidCap Quality ETF 14.5 25 35 5.3 -0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.5 18 42 5.6 -0.4
VTWO Vanguard Russell 2000 Index Fund 14.4 10 50 2.6 -3.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.2 24 36 4.9 -1.2
VFQY Vanguard U.S. Quality Factor ETF 14.1 13 47 5.3 -0.8
COWZ Pacer US Cash Cows 100 ETF 13.9 49 11 10.2 +4.2
RSP Invesco S&P 500 Equal Weight ETF 13.9 20 40 5.6 -0.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 13.8 60 0 6.1 +0.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 13.4 35 25 5.1 -1.0
TPLC Timothy Plan US Large Cap Core ETF 13.4 52 8 4.4 -1.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 13.4 30 30 4.9 -1.2
AUSF Global X Adaptive U.S. Factor ETF 13.4 27 33 8.0 +2.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 13.3 35 25 5.0 -1.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.3 30 30 6.0 -0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.9 29 31 4.2 -1.8
BFOR Barron's 400 ETF 12.7 65 -5 5.5 -0.5
PY Principal Shareholder Yield Index ETF 12.6 15 45 7.8 +1.8
VFMF Vanguard U.S. Multifactor ETF 12.5 19 41 6.1 +0.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.2 25 35 4.9 -1.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 12.1 60 0 3.6 -2.5
IWM iShares Russell 2000 ETF 12.1 19 41 2.5 -3.5
OSCV Opus Small Cap Value Plus ETF 12.0 79 -19 4.5 -1.6
IYF iShares U.S. Financials ETF 11.9 42 18 6.0 -0.0
ETHO Etho Climate Leadership U.S. ETF 11.9 47 13 3.6 -2.4
SIZE iShares MSCI USA Size Factor ETF 11.8 15 45 5.1 -0.9
JHMI John Hancock Multifactor Industrials ETF 11.5 40 20 5.0 -1.0
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.4 63 -3 5.1 -0.9
EUSA iShares MSCI USA Equal Weighted ETF 11.3 15 45 5.1 -0.9
SIXL 6 Meridian Low Beta Equity Strategy ETF 11.3 84 -24 4.1 -2.0
AVUV Avantis U.S. Small Cap Value ETF 11.2 25 35 6.3 +0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 11.2 20 40 3.8 -2.3
RFV Invesco S&P Midcap 400 Pure Value ETF 11.1 35 25 8.8 +2.8

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:
Mid Cap US Equity Select 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 2.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.