First Trust Mid Cap US Equity Select
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.5x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
2.4%


  • 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 379
Wgt avg mkt cap (mns) $5,662
Large cap (>$10bn) 4.5%
Mid cap ($2-10bn) 93.9%
Small cap (<$2bn) 1.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BRUKER CORP 1.3 %
ENCOMPASS HEALTH CORPORATION 1.3 %
BIO-TECHNE CORPORATION 1.3 %
CHEMED CORP 1.2 %
CANTEL MEDICAL CORP 1.2 %
HILL-ROM HOLDINGS INC 1.2 %
UBIQUITI NETWORKS INC 1.1 %
PERRIGO CO 1.1 %
ENSIGN GROUP INC/THE 1.0 %
MKS INSTRUMENTS INC 0.8 %
Total 11.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 1.1 %
BERMUDA 1.0 %
PUERTO RICO 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.6% 11.2% -- -- 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.15 85%
MSCI EAFE 1.14 65%
MSCI Emg. Mkts. 0.74 44%

Technical Indicators
Recent close $23.37
30d moving avg. $23.02
Annualized volatility 16.6%
Short interest (ETF) 1.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $16,377

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Mid Cap US Equity Select 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™: 6.5%


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
(%)
FNX First Trust Mid Cap Core Alpadex 57.6 62 -2 6.5 -0.0
EZM WisdomTree Midcap Earnings 50.3 38 22 7.6 +1.0
DON WisdomTree Midcap Dividend 49.5 38 22 6.9 +0.4
SFYX SoFi Next 500 45.7 0 60 5.6 -0.9
SCHM Schwab US Mid Cap 44.3 4 56 6.3 -0.3
EWMC Invesco S&P Mid Cap 400 Equal Weight 44.2 40 20 6.5 -0.1
JHSC John Hancock Multifactor Small Cap 42.6 50 10 5.6 -0.9
MDY S&P MidCap 400 SPDR 42.3 24 36 6.0 -0.5
IJH iShares Core S&P MidCap 42.1 7 53 6.2 -0.4
IVOO Vanguard S&P Mid-Cap 400 42.0 15 45 6.1 -0.4
VBR Vanguard Small-Cap Value ETF 41.0 7 53 7.5 +1.0
FNK First Trust Mid Cap Value AlphaDEX 39.8 70 -10 8.7 +2.2
FSMD Fidelity Small-Mid Factor ETF 39.6 29 31 6.3 -0.2
SPMD SPDR Portfolio Mid Cap 38.9 5 55 6.0 -0.5
VB Vanguard Smallcap ETF 38.6 5 55 5.4 -1.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index 38.5 20 40 6.8 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 38.3 29 31 9.1 +2.6
OSIZ Invesco Russell 1000 Size Factor ETF 38.3 19 41 6.2 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap 36.3 6 54 5.2 -1.3
MDYV SPDR S&P400 Mid Cap Value 35.2 15 45 7.3 +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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Mid Cap US Equity Select
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 13.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.