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.
Fund Basics
| Fund sponsor | First Trust |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 20, 2017 |
| Assets (mns) | $13 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ENCOMPASS HEALTH CORPORATION | 1.2 % |
| SELECT MEDICAL HOLDINGS CORP | 1.2 % |
| UNIVERSAL HEALTH SERVICES-B | 1.1 % |
| CHEMED CORP | 1.1 % |
| VERTIV HOLDINGS CO. CLASS A | 1.1 % |
| DENTSPLY SIRONA, INC. | 1.1 % |
| ENSIGN GROUP INC/THE | 1.0 % |
| ENTEGRIS INC | 1.0 % |
| TELEFLEX INC | 1.0 % |
| PERRIGO CO | 1.0 % |
Constituent Breakdown
| Number of holdings | 349 |
| Herfindahl-Hirschman Index | 42 |
| Wgt avg mkt cap (mns) | $6,856 |
| Large cap (>$10bn) | 16.2% |
| Mid cap ($2-10bn) | 82.6% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
BERMUDA | 1.5 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -2.3% | -4.6% | -3.7% | 13.4% | 5.5% | -- | 6.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 76% |
| MSCI EAFE | 0.98 | 78% |
| MSCI Emg Mkts | 0.65 | 35% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.52% |
| ADV of underlying (mns) | $10,380 |
Technical Indicators
| Recent close | $28.10 |
| 30d moving avg. | $27.01 |
| Annualized volatility | 20.2% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.1% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RNMC |
Expenses vs. RNMC |
ALTAR Score™ vs. RNMC |
|---|---|---|---|---|
| DON | WisdomTree U.S. MidCap Dividend Fund | 51.9% | -22 bp | +0.9% |
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 49.8% | -1 bp | -0.7% |
| EWMC | Invesco S&P MidCap 400 Equal Weight ETF | 46.6% | -20 bp | -0.7% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 45.5% | -38 bp | -0.8% |
| IJH | iShares Core S&P Mid-Cap ETF | 45.0% | -55 bp | -0.6% |
| SPMD | SPDR Portfolio Mid Cap ETF | 44.9% | -55 bp | -0.6% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 44.6% | -50 bp | -0.7% |
| EZM | WisdomTree U.S. MidCap Earnings Fund | 44.0% | -22 bp | +2.1% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 43.7% | -53 bp | -2.8% |
| FSMD | Fidelity Small-Mid Factor ETF | 43.7% | -31 bp | -0.7% |
Risk and Returns: RNMC 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 6/8/2023
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
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
8.2%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.2% |
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 Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. RNMC's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places RNMC in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RNMC
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
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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 | 52.2 | 112.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .