AMID
Argent Mid Cap ETF Argent Mid Cap ETF
AMID is an actively managed ETF that provides exposure to US mid-cap stocks perceived to be undergoing positive change. The fund employs a multi-step selection process based on quantitative and fundamental research.
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 17, 2022 |
| Assets (mns) | $54 |
| Expense ratio | 52 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| 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 +
| CDW CORP/DE | 4.3 % |
| FAIR ISAAC CORP | 4.0 % |
| BUILDERS FIRSTSOURCE INC | 3.9 % |
| COPART INC | 3.8 % |
| MEDPACE HOLDINGS, INC. | 3.4 % |
| CBIZ INC | 3.2 % |
| CINTAS CORP | 3.2 % |
| TOPBUILD CORP | 3.0 % |
| TFI INTERNATIONAL INC. | 2.9 % |
| DR HORTON INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 274 |
| Wgt avg mkt cap (mns) | $27,924 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 19.9% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 88.4 % |
 |
CANADA | 8.9 % |
 |
BRITAIN | 2.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.3% | 34.0% | -- | -- | -- | -- | 28.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.46 | 83% |
| MSCI EAFE | 1.16 | 66% |
| MSCI Emg Mkts | 1.01 | 53% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $6,319 |
Technical Indicators
| Recent close | $32.12 |
| 30d moving avg. | $27.58 |
| Annualized volatility | 21.0% |
| Relative strength (RSI) | 84 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AMID |
Expenses vs. AMID |
ALTAR Score™ vs. AMID |
|---|---|---|---|---|
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 15.7% | +8 bp | -1.9% |
| PDP | Invesco Dorsey Wright Momentum ETF | 14.4% | +10 bp | -3.4% |
| XHB | SPDR S&P Homebuilders ETF | 13.4% | -17 bp | +1.3% |
| IWP | iShares Russell Mid-Cap Growth ETF | 11.2% | -29 bp | -3.3% |
| RPG | Invesco S&P 500 Pure Growth ETF | 10.9% | -17 bp | -3.7% |
| VOT | Vanguard Mid-Cap Growth ETF | 10.2% | -45 bp | -3.0% |
Risk and Returns: AMID 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 5/3/2024
Peer Group Comparison Sample data. Subscribe for access.
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
AMID
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
AMID
7.1%
Cat. Avg
5.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.1% |
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 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. AMID's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places AMID in the 69th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AMID
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AMID | 52.0 | 34.5 | 86.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .