RNMC
First Trust 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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
60 bp
EXPENSES
$18.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 20, 2017 |
Assets (mns) | $18 |
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
CRANE HOLDINGS, CO. | 2.3 % |
CAREER EDUCATION CORP | 1.4 % |
UNITED THERAPEUTICS CORP | 1.3 % |
COCA-COLA BOTTLING CO CONSOL | 1.2 % |
SPROUTS FARMERS MARKET INC | 1.2 % |
CASEY'S GENERAL STORES INC | 1.2 % |
TETRA TECH INC | 1.2 % |
MURPHY USA, INC. | 1.2 % |
BRADY CORPORATION - CL A | 1.1 % |
CLEAN HARBORS INC | 1.1 % |
Constituent Breakdown
Number of holdings | 102 |
Herfindahl-Hirschman Index | 104 |
Wgt avg mkt cap (mns) | $11,008 |
Large cap (>$10bn) | 47.3% |
Mid cap ($2-10bn) | 48.5% |
Small cap (<$2bn) | 4.2% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.8 % | |
BERMUDA | 2.9 % | |
PUERTO RICO | 1.0 % | |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 14.7% | 16.0% | 19.3% | 19.5% | 25.1% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.00 | 80% |
MSCI EAFE | 1.04 | 79% |
MSCI Emg Mkts | 0.72 | 39% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.49% |
ADV of underlying (mns) | $15,879 |
Technical Indicators
Recent close | $33.22 |
30d moving avg. | $32.50 |
Annualized volatility | 20.4% |
Relative strength (RSI) | 47 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 3.3% |
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. RNMC |
Expenses vs. RNMC |
ALTAR Score™ vs. RNMC |
---|---|---|---|---|
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 24.3% | 0 bp | +2.4% |
OUSM | ALPS O'Shares US Small-Cap Quality Dividend ETF | 22.6% | -12 bp | -1.7% |
XMHQ | Invesco S&P MidCap Quality ETF | 21.5% | -35 bp | -0.3% |
AFMC | First Trust Active Factor Mid Cap ETF | 19.5% | +5 bp | +0.4% |
ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 19.4% | -40 bp | +1.1% |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 19.2% | -45 bp | -0.9% |
XMMO | Invesco S&P MidCap Momentum ETF | 19.2% | -26 bp | -1.3% |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 19.1% | -43 bp | -1.0% |
FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | 19.0% | -30 bp | +1.3% |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 18.7% | -45 bp | -1.0% |
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
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
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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 7/19/2024
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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
6.8%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.8% |
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 category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. RNMC's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places RNMC in the 66th 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
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
RNMC (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RNMC | 60.0 | 48.5 | 108.5 |
Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .