Mid Cap US Equity Select ETF
ALTAR
Score™
9.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.0x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.6%


  • 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) $11
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 376
Wgt avg mkt cap (mns) $4,205
Large cap (>$10bn) 1.0%
Mid cap ($2-10bn) 86.9%
Small cap (<$2bn) 12.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHEMED CORP 1.9 %
HILL-ROM HOLDINGS INC 1.8 %
ENCOMPASS HEALTH CORPORATION 1.8 %
PERRIGO CO 1.7 %
BIO-TECHNE CORPORATION 1.7 %
COGENT COMMUNICATIONS HOLDINGS INC 1.6 %
ENSIGN GROUP INC/THE 1.5 %
BRUKER CORP 1.3 %
ENTEGRIS INC 1.2 %
MONOLITHIC POWER SYSTEMS INC 1.1 %
Total 15.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.8 %
BERMUDA 0.9 %
PUERTO RICO 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-32.3% -24.4% -- -- -6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.30 89%
MSCI EAFE 1.28 80%
MSCI Emg. Mkts. 0.92 63%

Technical Indicators
Recent close $15.81
30d moving avg. $17.52
Annualized volatility 22.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 9
Turnover 1.3%
Bid/Ask (% of price) 1.25%
ADV underlying (mns) $18,711

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™: 9.5%


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 AlphaDEX Fund 51.0 61 -1 9.6 +0.2
EZM WisdomTree U.S. MidCap Earnings Fund 49.6 38 22 13.0 +3.5
DON WisdomTree U.S. MidCap Dividend Fund 46.4 38 22 10.4 +0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 44.7 40 20 9.2 -0.3
MDY SPDR S&P Midcap 400 ETF Trust 42.8 23 37 8.5 -1.0
SPMD SPDR Portfolio Mid Cap ETF 42.8 5 55 8.6 -0.8
IJH iShares Core S&P Mid-Cap ETF 42.7 6 54 8.6 -0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 42.6 10 50 8.6 -0.9
SFYX Sofi Next 500 ETF 41.8 0 60 7.7 -1.7
FSMD Fidelity Small-Mid Factor ETF 41.1 29 31 9.4 -0.1
SCHM Schwab U.S. Mid-Cap ETF 40.3 4 56 8.5 -0.9
VBR Vanguard Small Cap Value Index Fund 39.1 7 53 11.4 +1.9
JHSC John Hancock Multifactor Small Cap ETF 38.3 50 10 8.2 -1.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 38.2 20 40 9.7 +0.2
VB Vanguard Small-Cap ETF 36.9 5 55 7.6 -1.8
FNK First Trust Mid Cap Value AlphaDEX Fund 35.7 70 -10 15.0 +5.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 35.4 6 54 7.4 -2.0
SMDY Syntax Stratified MidCap ETF 34.0 30 30 8.6 -0.8
RWK Invesco S&P MidCap 400 Revenue ETF 33.1 39 21 11.1 +1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 32.7 15 45 11.5 +2.0
IJJ iShares S&P Mid-Cap 400 Value ETF 32.7 25 35 11.4 +1.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 32.5 15 45 11.6 +2.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.9 15 45 6.4 -3.1
IJK iShares S&P Mid-Cap 400 Growth ETF 31.9 24 36 6.3 -3.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 31.8 15 45 6.4 -3.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 30.6 17 43 6.8 -2.7
AFMC First Trust Active Factor Mid Cap ETF 30.1 65 -5 9.2 -0.3
SCHA Schwab U.S. Small-Cap ETF 28.7 4 56 6.9 -2.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 27.9 70 -10 4.2 -5.2
VXF Vanguard Extended Market Index Fund 27.0 7 53 5.5 -3.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.9 29 31 8.7 -0.7
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 26.8 48 12 8.5 -1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.8 25 35 9.1 -0.4
JHMM John Hancock Multifactor Mid Cap ETF 25.7 44 16 7.8 -1.7
SMMD iShares Russell 2500 ETF 25.6 15 45 7.6 -1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.5 24 36 7.9 -1.6
ONEY SPDR Russell 1000 Yield Focus ETF 25.3 20 40 11.4 +2.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 24.9 20 40 9.0 -0.5
NUSC Nuveen ESG Small-Cap ETF 23.9 40 20 7.1 -2.4
IUSS Invesco Strategic US Small Company ETF 23.4 23 37 8.4 -1.1
VBK Vanguard Small-Cap Growth Index Fund 22.6 7 53 3.7 -5.8
FAB First Trust Multi Cap Value AlphaDEX Fund 22.5 71 -11 12.6 +3.2
PVAL Principal Contrarian Value Index ETF 21.9 29 31 9.9 +0.5
EQAL Invesco Russell 1000 Equal Weight ETF 21.6 20 40 7.1 -2.3
IWS iShares Russell Mid-Cap Value ETF 21.5 24 36 9.4 -0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 21.4 20 40 8.8 -0.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 21.1 20 40 7.4 -2.1
VFLQ Vanguard U.S. Liquidity Factor ETF 20.5 13 47 5.1 -4.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.4 17 43 8.5 -1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 19.7 35 25 7.2 -2.3
TPLC Timothy Plan US Large Cap Core ETF 19.1 52 8 6.9 -2.6
JKL iShares Morningstar Small Cap Value ETF 18.9 30 30 14.2 +4.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.7 24 36 10.4 +0.9
JKJ iShares Morningstar Small-Cap ETF 18.1 25 35 8.5 -0.9
VFVA Vanguard U.S. Value Factor ETF 18.0 13 47 15.6 +6.1
XMLV Invesco S&P MidCap Low Volatility ETF 17.8 25 35 7.8 -1.7
TUSA First Trust Total US Market AlphaDEX ETF 17.5 70 -10 8.7 -0.7
IWM iShares Russell 2000 ETF 17.5 19 41 5.2 -4.3
VTWO Vanguard Russell 2000 Index Fund 17.4 10 50 5.4 -4.1
JVAL JPMorgan U.S. Value Factor ETF 17.4 12 48 11.3 +1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 17.4 29 31 7.9 -1.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 17.3 39 21 8.2 -1.3
IWR iShares Russell Midcap ETF 16.3 19 41 7.5 -1.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 16.3 60 0 12.0 +2.6
CFA Victory CEMP US 500 Volatility Weighted Index ETF 15.9 35 25 7.6 -1.8
RFG Invesco S&P Midcap 400 Pure Growth ETF 15.2 35 25 5.6 -3.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 15.1 20 40 8.3 -1.2
OSCV Opus Small Cap Value Plus ETF 14.5 79 -19 7.8 -1.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.1 30 30 8.0 -1.4
VFQY Vanguard U.S. Quality Factor ETF 13.9 13 47 8.0 -1.4
EQWM Invesco S&P MidCap Quality ETF 13.9 25 35 6.5 -3.0
VALQ American Century STOXX U.S. Quality Value ETF 13.8 29 31 11.1 +1.7
JKI iShares Morningstar Mid-Cap Value ETF 13.5 30 30 12.5 +3.1
VFMF Vanguard U.S. Multifactor ETF 13.5 18 42 10.3 +0.9
JDIV JPMorgan U.S. Dividend ETF 13.4 12 48 10.2 +0.8
XMMO Invesco S&P MidCap Momentum ETF 13.4 39 21 5.0 -4.5
PY Principal Shareholder Yield Index ETF 13.3 29 31 11.8 +2.4
BFOR Barron's 400 ETF 13.3 66 -6 8.5 -1.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.2 39 21 6.0 -3.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 13.0 35 25 7.3 -2.2
VUSE Vident Core US Equity Fund 12.9 48 12 10.3 +0.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.8 30 30 10.1 +0.6
IWN iShares Russell 2000 Value ETF 12.6 24 36 9.5 +0.1
VTWV Vanguard Russell 2000 Value Index Fund 12.6 15 45 9.7 +0.3
FLAG FLAG-Forensic Accounting Long Short ETF 12.3 152 -92 11.1 +1.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 12.2 66 -6 3.9 -5.5
USMF WisdomTree U.S. Multifactor Fund 12.1 28 32 7.7 -1.8
IWO iShares Russell 2000 Growth ETF 12.0 24 36 1.4 -8.0
VTWG Vanguard Russell 2000 Growth Index Fund 12.0 15 45 1.7 -7.8
ROUS Hartford Multifactor US Equity ETF 12.0 19 41 8.8 -0.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 12.0 19 41 7.3 -2.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.9 19 41 7.9 -1.6
FXO First Trust Financials AlphaDEX Fund 11.8 63 -3 13.2 +3.8
ISMD Inspire Small/Mid Cap Impact ETF 11.8 61 -1 9.1 -0.4
JHMI John Hancock Multifactor Industrials ETF 11.6 40 20 8.1 -1.4
JKG iShares Morningstar Mid-Cap ETF 11.5 25 35 7.7 -1.8
ETHO Etho Climate Leadership U.S. ETF 11.3 47 13 6.3 -3.2
AFSM First Trust Active Factor Small Cap ETF 11.2 75 -15 8.9 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 11.2 29 31 9.8 +0.4
IEFN iShares Evolved U.S. Financials ETF 11.0 18 42 11.5 +2.1

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 13.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.