Mid Cap US Equity Select ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
26.1x P/Sales
ratio
1.2x
P/BV
ratio
1.6x 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) $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 371
Wgt avg mkt cap (mns) $4,861
Large cap (>$10bn) 5.7%
Mid cap ($2-10bn) 88.9%
Small cap (<$2bn) 5.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIO-TECHNE CORPORATION 2.1 %
CONMED CORP 1.9 %
CANTEL MEDICAL CORP 1.8 %
BRUKER CORP 1.7 %
PERRIGO CO 1.7 %
HILL-ROM HOLDINGS INC 1.6 %
CHEMED CORP 1.6 %
ENCOMPASS HEALTH CORPORATION 1.4 %
SYNNEX CORP 1.1 %
BROOKS AUTOMATION INC 1.0 %
Total 15.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.7 %
BERMUDA 0.9 %
CANADA 0.5 %
PUERTO RICO 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.2% -11.2% -- -- 0.6%

Market Correlations
versus... Beta R-squared
S&P500 1.28 90%
MSCI EAFE 1.31 82%
MSCI Emg. Mkts. 0.93 65%

Technical Indicators
Recent close $19.17
30d moving avg. $19.48
Annualized volatility 22.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $29,980

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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 48.6 38 22 9.3 +1.5
FNX First Trust Mid Cap Core AlphaDEX Fund 48.5 61 -1 6.4 -1.4
DON WisdomTree U.S. MidCap Dividend Fund 44.0 38 22 7.8 -0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 41.9 40 20 7.3 -0.5
FSMD Fidelity Small-Mid Factor ETF 40.8 29 31 7.1 -0.7
MDY SPDR S&P Midcap 400 ETF Trust 40.3 23 37 6.5 -1.3
IJH iShares Core S&P Mid-Cap ETF 40.3 6 54 6.7 -1.2
SPMD SPDR Portfolio Mid Cap ETF 40.3 5 55 6.7 -1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 39.4 10 50 6.5 -1.3
JHSC John Hancock Multifactor Small Cap ETF 39.3 42 18 6.0 -1.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 39.0 20 40 9.6 +1.8
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 38.3 48 12 5.8 -2.0
FNK First Trust Mid Cap Value AlphaDEX Fund 38.2 70 -10 10.4 +2.6
SCHM Schwab U.S. Mid-Cap ETF 37.9 4 56 6.3 -1.5
VBR Vanguard Small Cap Value Index Fund 37.0 7 53 8.5 +0.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 36.8 7 53 5.5 -2.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 36.3 29 31 9.9 +2.1
SFYX Sofi Next 500 ETF 36.1 0 60 6.0 -1.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 34.0 6 54 5.4 -2.4
VB Vanguard Small-Cap ETF 33.6 5 55 5.4 -2.4
RWK Invesco S&P MidCap 400 Revenue ETF 32.9 39 21 8.2 +0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 32.9 17 43 5.2 -2.6
SMDY Syntax Stratified MidCap ETF 32.7 30 30 6.4 -1.4
BKSE BNY Mellon US Small Cap Core Equity ETF 32.3 4 56 5.7 -2.1
IJJ iShares S&P Mid-Cap 400 Value ETF 31.2 25 35 8.7 +0.9
MDYV SPDR S&P 400 Mid Cap Value ETF 31.2 15 45 8.8 +1.0
IJK iShares S&P Mid-Cap 400 Growth ETF 31.2 24 36 4.9 -2.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.1 15 45 5.0 -2.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 30.7 15 45 5.0 -2.9
AFMC First Trust Active Factor Mid Cap ETF 30.7 65 -5 6.4 -1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 30.1 15 45 8.7 +0.9
JKL iShares Morningstar Small Cap Value ETF 28.4 30 30 10.5 +2.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.6 29 31 6.8 -1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.0 24 36 6.2 -1.6
ONEY SPDR Russell 1000 Yield Focus ETF 25.7 20 40 9.4 +1.6
SCHA Schwab U.S. Small-Cap ETF 25.7 4 56 4.7 -3.1
JHMM John Hancock Multifactor Mid Cap ETF 25.2 42 18 5.8 -2.0
FAB First Trust Multi Cap Value AlphaDEX Fund 24.3 71 -11 9.7 +1.9
VXF Vanguard Extended Market Index Fund 24.0 7 53 3.8 -4.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.9 25 35 6.8 -1.0
JKJ iShares Morningstar Small-Cap ETF 23.9 25 35 6.8 -1.0
SMMD iShares Russell 2500 ETF 23.7 15 45 5.5 -2.3
PVAL Principal Contrarian Value Index ETF 22.7 29 31 10.2 +2.3
EQAL Invesco Russell 1000 Equal Weight ETF 22.4 20 40 5.7 -2.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.4 20 40 7.1 -0.7
NUSC Nuveen ESG Small-Cap ETF 21.9 40 20 5.4 -2.4
IUSS Invesco Strategic US Small Company ETF 21.6 23 37 5.5 -2.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 21.2 70 -10 2.1 -5.7
VFLQ Vanguard U.S. Liquidity Factor ETF 20.8 14 46 4.7 -3.1
IWS iShares Russell Mid-Cap Value ETF 20.4 24 36 7.3 -0.5
VBK Vanguard Small-Cap Growth Index Fund 19.9 7 53 2.4 -5.4
ONEO SPDR Russell 1000 Momentum Focus ETF 18.4 20 40 6.5 -1.3
TUSA First Trust Total US Market AlphaDEX ETF 17.9 70 -10 6.0 -1.8
VFVA Vanguard U.S. Value Factor ETF 17.9 14 46 11.7 +3.9
TPLC Timothy Plan US Large Cap Core ETF 17.5 52 8 5.5 -2.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.3 17 43 6.4 -1.4
JVAL JPMorgan U.S. Value Factor ETF 17.2 12 48 8.8 +1.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.1 24 36 7.3 -0.5
PMOM Principal Sustainable Momentum Index ETF 16.9 29 31 9.1 +1.3
XMLV Invesco S&P MidCap Low Volatility ETF 16.5 25 35 5.6 -2.2
IWM iShares Russell 2000 ETF 16.0 19 41 3.7 -4.2
IWR iShares Russell Midcap ETF 15.9 19 41 5.7 -2.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 15.4 35 25 6.0 -1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 15.3 29 31 5.7 -2.2
VTWO Vanguard Russell 2000 Index Fund 15.3 10 50 3.7 -4.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.2 20 40 4.7 -3.1
VFQY Vanguard U.S. Quality Factor ETF 14.6 13 47 6.1 -1.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 14.4 4 56 5.8 -2.0
VALQ American Century STOXX U.S. Quality Value ETF 14.2 29 31 9.2 +1.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 14.1 35 25 4.0 -3.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.0 30 30 7.9 +0.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 14.0 80 -20 5.7 -2.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 13.9 20 40 6.0 -1.8
JDIV JPMorgan U.S. Dividend ETF 13.9 12 48 7.9 +0.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 13.7 60 0 8.6 +0.8
VFMF Vanguard U.S. Multifactor ETF 13.6 19 41 7.3 -0.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.5 30 30 6.0 -1.9
BFOR Barron's 400 ETF 13.4 65 -5 6.4 -1.4
IWN iShares Russell 2000 Value ETF 13.3 24 36 7.4 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 13.1 25 35 6.7 -1.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.6 18 42 6.3 -1.5
EQWM Invesco S&P MidCap Quality ETF 12.5 25 35 6.5 -1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.3 35 25 5.4 -2.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.2 29 31 8.3 +0.4
VUSE Vident Core US Equity Fund 12.0 48 12 8.4 +0.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 12.0 39 21 4.2 -3.6
PSC Principal U.S. Small Cap Index ETF 11.9 38 22 7.1 -0.7
FXD First Trust Consumer Discretionary AlphaDEX Fund 11.5 64 -4 7.9 +0.0
PY Principal Shareholder Yield Index ETF 11.3 29 31 9.6 +1.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 11.3 30 30 5.7 -2.1
ETHO Etho Climate Leadership U.S. ETF 11.2 47 13 4.4 -3.4
VTWG Vanguard Russell 2000 Growth Index Fund 11.0 15 45 0.8 -7.0
ROUS Hartford Multifactor US Equity ETF 11.0 19 41 7.3 -0.5
VTWV Vanguard Russell 2000 Value Index Fund 10.9 15 45 7.5 -0.3
JHMI John Hancock Multifactor Industrials ETF 10.8 40 20 6.1 -1.8
LVUS Hartford Multifactor Low Volatility US Equity ETF 10.7 19 41 6.1 -1.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.5 66 -6 2.5 -5.3
XMMO Invesco S&P MidCap Momentum ETF 10.5 39 21 4.7 -3.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.4 35 25 6.4 -1.4
IYF iShares U.S. Financials ETF 10.4 42 18 7.2 -0.6

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 1.5 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
1.58 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.