AFMC
First Trust Active Factor Mid Cap ETF
AFMC is an actively managed portfolio of factor-focused US midcap companies seeking capital appreciation.
US
EQUITY
Active
MANAGEMENT STYLE
25.7 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 04, 2019 |
| Assets (mns) | $26 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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 +
| SPROUTS FARMERS MARKET INC | 2.0 % |
| UNITED THERAPEUTICS CORP | 1.6 % |
| TOLL BROTHERS INC | 1.5 % |
| EMCOR GROUP INC | 1.3 % |
| ACUITY BRANDS INC | 1.2 % |
| OLD REPUBLIC INTL CORP | 1.2 % |
| GODADDY, INC. CLASS A | 1.2 % |
| TENET HEALTHCARE CORP | 1.2 % |
| ALLISON TRANSMISSION HOLDING | 1.1 % |
| MUELLER INDUSTRIES INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 248 |
| Herfindahl-Hirschman Index | 64 |
| Wgt avg mkt cap (mns) | $10,983 |
| Large cap (>$10bn) | 44.5% |
| Mid cap ($2-10bn) | 53.9% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
BERMUDA | 1.5 % |
 |
IRELAND | 0.8 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.3% | 43.2% | 20.9% | 8.4% | -- | -- | 9.6% | Volatility | 16.4% | 16.8% | 17.3% | 19.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 79% |
| MSCI EAFE | 1.03 | 75% |
| MSCI Emg Mkts | 0.72 | 36% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $20,225 |
Technical Indicators
| Recent close | $34.31 |
| 30d moving avg. | $32.13 |
| Annualized volatility | 21.0% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 1.2% |
| Short interest (underlying) | 5.0% |
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. AFMC |
Expenses vs. AFMC |
ALTAR Score™ vs. AFMC |
|---|---|---|---|---|
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 37.5% | -50 bp | -0.1% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 36.2% | -41 bp | -0.7% |
| IJH | iShares Core S&P Mid-Cap ETF | 36.1% | -60 bp | -0.5% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 36.0% | -53 bp | -0.4% |
| EZM | WisdomTree U.S. MidCap Fund | 35.8% | -27 bp | +0.5% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 35.2% | -62 bp | -0.5% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 35.1% | -55 bp | -0.4% |
| PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 34.6% | -5 bp | -0.5% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 33.4% | -50 bp | -0.1% |
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 32.2% | -5 bp | -0.1% |
Risk and Returns: AFMC 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 11/22/2024
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
AFMC
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 Rating
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.
ALTAR Score™
AFMC
6.6%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. AFMC's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places AFMC in the 71st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AFMCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| AFMC (65 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AFMC | 65.0 | 50.6 | 115.6 |
| Peer Avg. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .