Mid Cap US Equity Select ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
24.7x P/Sales
ratio
1.2x
P/BV
ratio
1.7x Div.
yield
2.3%


  • 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) $13
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 370
Wgt avg mkt cap (mns) $5,136
Large cap (>$10bn) 5.2%
Mid cap ($2-10bn) 86.4%
Small cap (<$2bn) 8.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONMED CORP 2.0 %
CHEMED CORP 2.0 %
CANTEL MEDICAL CORP 1.9 %
ENCOMPASS HEALTH CORPORATION 1.9 %
BRUKER CORP 1.8 %
BIO-TECHNE CORPORATION 1.7 %
PERRIGO CO 1.5 %
HILL-ROM HOLDINGS INC 1.4 %
ENTEGRIS INC 1.2 %
PEGASYSTEMS INC 1.2 %
Total 16.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 1.5 %
BERMUDA 0.8 %
CANADA 0.2 %
PUERTO RICO 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.5% -10.4% -- -- 1.2%

Market Correlations
versus... Beta R-squared
S&P500 1.22 89%
MSCI EAFE 1.29 82%
MSCI Emg. Mkts. 0.94 68%

Technical Indicators
Recent close $19.60
30d moving avg. $20.14
Annualized volatility 23.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $1,544

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 7.8%


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
(%)
EZM WisdomTree U.S. MidCap Earnings Fund 48.0 38 22 9.2 +1.4
DON WisdomTree U.S. MidCap Dividend Fund 43.1 38 22 7.9 +0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 43.1 61 -1 6.7 -1.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 41.1 40 20 7.6 -0.2
IJH iShares Core S&P Mid-Cap ETF 40.2 5 55 6.8 -1.0
MDY SPDR S&P Midcap 400 ETF Trust 40.2 23 37 6.7 -1.2
SPMD SPDR Portfolio Mid Cap ETF 40.1 5 55 6.8 -1.0
BKSE BNY Mellon US Small Cap Core Equity ETF 39.4 4 56 5.9 -1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 39.0 10 50 6.6 -1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 37.6 20 40 9.6 +1.8
VBR Vanguard Small Cap Value Index Fund 37.6 7 53 8.5 +0.6
SCHM Schwab U.S. Mid-Cap ETF 36.7 4 56 6.2 -1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 36.6 7 53 5.3 -2.5
SFYX Sofi Next 500 ETF 36.1 0 60 6.0 -1.8
FNK First Trust Mid Cap Value AlphaDEX Fund 35.0 70 -10 11.4 +3.6
FSMD Fidelity Small-Mid Factor ETF 34.7 29 31 6.5 -1.3
SMDY Syntax Stratified MidCap ETF 33.9 30 30 7.0 -0.8
RWK Invesco S&P MidCap 400 Revenue ETF 33.6 39 21 8.5 +0.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 33.3 29 31 9.6 +1.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 33.2 6 54 5.4 -2.5
VB Vanguard Small-Cap ETF 32.8 5 55 5.5 -2.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 32.4 17 43 5.0 -2.8
JHSC John Hancock Multifactor Small Cap ETF 31.4 42 18 5.9 -2.0
IJK iShares S&P Mid-Cap 400 Growth ETF 31.4 24 36 5.1 -2.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.4 15 45 5.2 -2.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 31.3 15 45 5.1 -2.8
IJJ iShares S&P Mid-Cap 400 Value ETF 30.1 25 35 8.8 +1.0
MDYV SPDR S&P 400 Mid Cap Value ETF 30.1 15 45 8.9 +1.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 29.4 15 45 8.8 +1.0
AFMC First Trust Active Factor Mid Cap ETF 28.5 65 -5 6.5 -1.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.7 29 31 7.0 -0.8
JKL iShares Morningstar Small Cap Value ETF 26.9 30 30 10.5 +2.7
SCHA Schwab U.S. Small-Cap ETF 26.7 4 56 5.0 -2.9
SMMD iShares Russell 2500 ETF 26.0 15 45 6.0 -1.9
ONEY SPDR Russell 1000 Yield Focus ETF 25.5 20 40 9.2 +1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.3 24 36 6.2 -1.6
JHMM John Hancock Multifactor Mid Cap ETF 23.9 42 18 5.7 -2.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 23.9 48 12 6.5 -1.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.1 25 35 7.7 -0.2
JKJ iShares Morningstar Small-Cap ETF 23.0 25 35 6.6 -1.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.7 20 40 7.1 -0.8
FAB First Trust Multi Cap Value AlphaDEX Fund 22.6 71 -11 10.1 +2.3
EQAL Invesco Russell 1000 Equal Weight ETF 22.5 20 40 6.0 -1.8
VXF Vanguard Extended Market Index Fund 21.7 6 54 3.6 -4.2
NUSC Nuveen ESG Small-Cap ETF 21.7 40 20 5.0 -2.8
IUSS Invesco Strategic US Small Company ETF 20.9 23 37 5.4 -2.4
IWS iShares Russell Mid-Cap Value ETF 20.2 24 36 7.2 -0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 19.4 70 -10 2.1 -5.7
VBK Vanguard Small-Cap Growth Index Fund 19.3 7 53 2.4 -5.5
VFLQ Vanguard U.S. Liquidity Factor ETF 19.2 14 46 4.3 -3.5
JVAL JPMorgan U.S. Value Factor ETF 18.7 12 48 8.6 +0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 18.5 20 40 6.5 -1.3
VFVA Vanguard U.S. Value Factor ETF 18.1 14 46 11.5 +3.7
TPLC Timothy Plan US Large Cap Core ETF 18.0 52 8 5.4 -2.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.5 17 43 6.4 -1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 16.9 80 -20 5.9 -1.9
XMLV Invesco S&P MidCap Low Volatility ETF 16.8 25 35 5.7 -2.2
IWR iShares Russell Midcap ETF 15.7 19 41 5.6 -2.2
TUSA First Trust Total US Market AlphaDEX ETF 15.4 70 -10 6.0 -1.9
IWM iShares Russell 2000 ETF 15.2 19 41 3.5 -4.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.2 20 40 4.8 -3.0
VTWO Vanguard Russell 2000 Index Fund 15.0 10 50 3.8 -4.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.9 24 36 6.7 -1.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.7 30 30 5.7 -2.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 14.5 35 25 4.1 -3.7
VFQY Vanguard U.S. Quality Factor ETF 14.4 13 47 6.6 -1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 14.3 29 31 5.3 -2.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 14.0 60 0 8.2 +0.4
VFMF Vanguard U.S. Multifactor ETF 13.8 19 41 7.6 -0.2
JDIV JPMorgan U.S. Dividend ETF 13.8 12 48 8.0 +0.2
BUY USCF SummerHaven SHPEI Index Fund 13.7 80 -20 9.1 +1.3
VALQ American Century STOXX U.S. Quality Value ETF 13.7 29 31 9.1 +1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.2 35 25 5.5 -2.3
VUSE Vident Core US Equity Fund 13.2 48 12 9.2 +1.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.1 30 30 7.9 +0.0
IWN iShares Russell 2000 Value ETF 13.0 24 36 7.2 -0.6
EQWM Invesco S&P MidCap Quality ETF 12.8 25 35 6.6 -1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 12.8 20 40 5.1 -2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.8 25 35 6.6 -1.2
BFOR Barron's 400 ETF 12.5 65 -5 6.7 -1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 12.2 35 25 5.8 -2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.1 18 42 6.3 -1.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.0 30 30 5.8 -2.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.0 35 25 5.8 -2.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 11.9 29 31 7.7 -0.1
VTWV Vanguard Russell 2000 Value Index Fund 11.7 15 45 7.4 -0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 11.6 39 21 4.8 -3.0
COWZ Pacer US Cash Cows 100 ETF 11.5 49 11 11.8 +4.0
XMMO Invesco S&P MidCap Momentum ETF 11.5 34 26 4.0 -3.8
PY Principal Shareholder Yield Index ETF 11.5 15 45 9.8 +2.0
JHMI John Hancock Multifactor Industrials ETF 11.5 40 20 5.7 -2.1
OSCV Opus Small Cap Value Plus ETF 11.3 79 -19 5.6 -2.2
USMF WisdomTree U.S. Multifactor Fund 11.1 28 32 5.8 -2.0
ETHO Etho Climate Leadership U.S. ETF 11.1 47 13 4.5 -3.3
PSC Principal U.S. Small Cap Index ETF 10.9 38 22 7.1 -0.7
AVUV Avantis U.S. Small Cap Value ETF 10.8 25 35 8.5 +0.7
STLV iShares Factors US Value Style ETF 10.5 25 35 7.3 -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:
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 13.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.51
 
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.