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
14.4 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
Fund sponsor | First Trust |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Dec 04, 2019 |
Assets (mns) | $14 |
Expense ratio | 65 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
UNITED THERAPEUTICS CORP | 1.6 % |
TOLL BROTHERS INC | 1.5 % |
SPROUTS FARMERS MARKET INC | 1.5 % |
VISTRA ENERGY CORP. | 1.3 % |
TENET HEALTHCARE CORP | 1.3 % |
KB HOME | 1.3 % |
MGIC INVESTMENT CORP | 1.2 % |
EMCOR GROUP INC | 1.2 % |
OLD REPUBLIC INTL CORP | 1.1 % |
GODADDY, INC. CLASS A | 1.1 % |
Constituent Breakdown
Number of holdings | 247 |
Herfindahl-Hirschman Index | 63 |
Wgt avg mkt cap (mns) | $10,702 |
Large cap (>$10bn) | 41.8% |
Mid cap ($2-10bn) | 56.4% |
Small cap (<$2bn) | 1.6% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.3 % | |
BERMUDA | 1.6 % | |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 21.2% | 36.0% | 27.7% | 10.1% | -- | -- | 9.9% | Volatility | 15.1% | 16.2% | 19.1% | 19.3% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.05 | 78% |
MSCI EAFE | 1.05 | 76% |
MSCI Emg Mkts | 0.75 | 37% |
Liquidity Measures
Avg. volume (000) | 2 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.51% |
ADV of underlying (mns) | $14,121 |
Technical Indicators
Recent close | $32.09 |
30d moving avg. | $31.01 |
Annualized volatility | 21.3% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.0% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. AFMC |
Expenses vs. AFMC |
ALTAR Score™ vs. AFMC |
---|---|---|---|---|
QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 39.5% | -50 bp | -0.1% |
XJH | iShares ESG Screened S&P Mid-Cap ETF | 37.2% | -53 bp | -0.4% |
IJH | iShares Core S&P Mid-Cap ETF | 36.5% | -60 bp | -0.4% |
MDY | SPDR S&P Midcap 400 ETF Trust | 36.5% | -42 bp | -0.6% |
EZM | WisdomTree U.S. MidCap Fund | 35.9% | -27 bp | +0.7% |
SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 35.7% | -62 bp | -0.4% |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 35.5% | -55 bp | -0.5% |
FNX | First Trust Mid Cap Core AlphaDEX Fund | 35.0% | -5 bp | +0.0% |
MIDE | Xtrackers S&P MidCap 400 ESG ETF | 33.7% | -50 bp | -0.1% |
USVM | VictoryShares US Small Mid Cap Value Momentum ETF | 32.4% | -40 bp | +0.5% |
Risk and Returns: AFMC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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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 | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
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™
AFMC
7.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% 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 72nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AFMCSELL
U/W
HOLD
O/W
BUY
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 | 49 |
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. | 42.1 | 19.3 | 61.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .