AFMC

First Trust Active Factor Mid Cap ETF

AFMC is an actively managed portfolio of factor-focused US midcap companies seeking capital appreciation.


US

EQUITY

Active

MANAGEMENT STYLE

65 bp

EXPENSES

$107.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 04, 2019
Assets (mns)$108
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SPROUTS FARMERS MARKET INC 1.3 %
TENET HEALTHCARE CORP 1.2 %
VISTRA ENERGY CORP. 1.2 %
CARLISLE COS INC 1.1 %
UNITED THERAPEUTICS CORP 1.1 %
TOLL BROTHERS INC 1.1 %
EMCOR GROUP INC 1.1 %
KB HOME 1.1 %
ACUITY BRANDS INC 1.0 %
OWENS CORNING 1.0 %
Constituent Breakdown
Number of holdings1260
Herfindahl-Hirschman Index 60
Wgt avg mkt cap (mns)$10,151
Large cap (>$10bn)36.8%
Mid cap ($2-10bn)60.3%
Small cap (<$2bn)2.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.1 %
BERMUDA 1.5 %
IRELAND 0.8 %
SWITZERLAND 0.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.3% 18.1% 19.4% 5.8% -- -- 7.9%
Volatility 15.1% 16.2% 19.1% 19.3% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0582%
MSCI EAFE1.0678%
MSCI Emg Mkts0.7237%
Liquidity Measures
Avg. volume (000)36
Turnover1.0%
Avg. Bid/Ask (% of price)0.51%
ADV of underlying (mns)$42,545
Technical Indicators
Recent close$30.49
30d moving avg.$30.00
Annualized volatility20.8%
Relative strength (RSI)52
Short interest (ETF)1.9%
Short interest (underlying)5.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: AFMC vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.2 12.4 2.3 6.0% --
Based on closing prices from 7/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
AFMC



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

AFMC

7.2%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.2%
Recommendation

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.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.4%. AFMC's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places AFMC in the 74th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
AFMC
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
AFMC (65 bp) Percentile rank 48
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
AFMC 65.0 50.6 115.6
Peer Avg. 47.5 20.2 67.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .