RNMC

Mid Cap US Equity Select ETF

The Mid Cap US Equity Select ETF tracks a dividend-selected, tier-weighted index of Mid-Cap U.S. Equities.


Rules-Based, Diverse

MANAGEMENT MATRIX

DON

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJun 20, 2017
Assets (mns)$19
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionDividends
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ENSIGN GROUP INC/THE 1.1 %
AMKOR TECHNOLOGY INC 1.1 %
NORTONLIFELOCK INC 1.1 %
PEGASYSTEMS INC 1.1 %
CHEMED CORP 1.1 %
TELEFLEX INC 1.1 %
UNIVERSAL HEALTH SERVICES-B 1.0 %
VERTIV HOLDINGS CO. CLASS A 1.0 %
CONCENTRIX CORPORATION 1.0 %
CONMED CORP 1.0 %
Constituent Breakdown
Number of holdings349
Herfindahl-Hirschman Index 42
Wgt avg mkt cap (mns)$6,143
Large cap (>$10bn)11.7%
Mid cap ($2-10bn)87.7%
Small cap (<$2bn)0.6%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 95.6 %
BERMUDA 1.3 %
IRELAND 1.2 %
Historical Performance


Standardized Annual Returns (as of 11/30/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
7.1% 2.3% 1.7% 9.1% 8.0% -- 7.5%
Market Correlations
versus...BetaR-squared
S&P 5000.9979%
MSCI EAFE1.0278%
MSCI Emg Mkts0.6737%
Liquidity Measures
Avg. volume (000)6
Turnover0.9%
Avg. Bid/Ask (% of price)0.48%
ADV of underlying (mns)$10,403
Technical Indicators
Recent close$28.68
30d moving avg.$26.94
Annualized volatility19.6%
Relative strength (RSI)50
Short interest (ETF)1.5%
Short interest (underlying)3.3%
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: RNMC vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2022 2023E Fwd Est 2024E
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 --%
1.0 11.4 1.6 2.5% --
Based on closing prices from 11/30/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
RNMC



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™

RNMC

8.8%

Cat. Avg

6.1%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.8%
Recommendation

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.

Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™ of 6.1% and a standard deviation of 3.1%. RNMC's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places RNMC in the 81st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
RNMC 60.0 48.3 108.3
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.