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
50.9 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) | $51 |
| 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 +
| UNUM GROUP | 1.8 % |
| SPROUTS FARMERS MARKET INC | 1.7 % |
| OLD REPUBLIC INTL CORP | 1.5 % |
| EXELIXIS INC | 1.4 % |
| UNITED THERAPEUTICS CORP | 1.4 % |
| NATIONAL FUEL GAS CO | 1.3 % |
| GENPACT LTD | 1.3 % |
| UGI CORP | 1.3 % |
| F5 NETWORKS INC | 1.2 % |
| MGIC INVESTMENT CORP | 1.2 % |
Constituent Breakdown
| Number of holdings | 254 |
| Herfindahl-Hirschman Index | 64 |
| Wgt avg mkt cap (mns) | $9,802 |
| Large cap (>$10bn) | 37.3% |
| Mid cap ($2-10bn) | 57.5% |
| Small cap (<$2bn) | 4.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.9 % |
 |
BERMUDA | 1.8 % |
 |
IRELAND | 1.0 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.4% | 11.4% | 15.4% | 8.8% | 12.0% | -- | -- | 9.2% |
| Dividend Yield | -4.0% | -10.4% | 0.0% | -0.6% | 4.2% | -- | -- | -1.5% |
| Total Returns | -3.5% | 1.0% | 15.5% | 8.2% | 16.1% | -- | -- | 7.7% | Ann. Volatility | 14.9% | 16.6% | 16.9% | 19.4% | 24.1% | -- | -- | 23.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 79% |
| MSCI EAFE | 1.02 | 66% |
| MSCI Emg Mkts | 0.70 | 31% |
Liquidity Measures
| Avg. volume (000) | 48 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $13,215 |
Technical Indicators
| Recent close | $29.95 |
| 30d moving avg. | $29.63 |
| Annualized volatility | 21.8% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.7% |
| 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 |
|---|---|---|---|---|
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 33.2% | -5 bp | -1.0% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 32.5% | -50 bp | -1.3% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 32.3% | -53 bp | -1.6% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 32.2% | -41 bp | -1.4% |
| IJH | iShares Core S&P Mid-Cap ETF | 32.2% | -60 bp | -1.2% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 32.0% | -55 bp | -1.3% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 31.4% | -62 bp | -1.2% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 30.8% | -50 bp | -0.6% |
| EZM | WisdomTree U.S. MidCap Fund | 30.2% | -27 bp | +0.7% |
| FSMD | Fidelity Small-Mid Multifactor ETF | 29.5% | -50 bp | -1.6% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/29/2025
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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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
AFMC
9.4%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. AFMC's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places AFMC in the 86th 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 | 50 |
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. | 46.6 | 19.2 | 65.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .