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) | $19 |
| 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
| 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 holdings | 349 |
| 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)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.1% | 2.3% | 1.7% | 9.1% | 8.0% | -- | 7.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 79% |
| MSCI EAFE | 1.02 | 78% |
| MSCI Emg Mkts | 0.67 | 37% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.9% |
| 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 volatility | 19.6% |
| 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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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 | 54.6% | -22 bp | +0.3% |
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 50.8% | -1 bp | -0.9% |
| EZM | WisdomTree U.S. MidCap Earnings Fund | 46.9% | -22 bp | +1.6% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 46.1% | -53 bp | -2.8% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 45.0% | -37 bp | -1.3% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 44.7% | -50 bp | -1.2% |
| IJH | iShares Core S&P Mid-Cap ETF | 44.5% | -55 bp | -1.1% |
| SPMD | SPDR Portfolio Mid Cap ETF | 44.4% | -57 bp | -1.1% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 43.4% | -45 bp | -1.0% |
| VBR | Vanguard Small Cap Value Index Fund | 42.1% | -53 bp | +0.1% |
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 11/30/2023
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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
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
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 | 48.3 | 108.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .