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
20.5 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 20, 2017 |
| Assets (mns) | $21 |
| 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
| MOLINA HEALTHCARE INC | 1.1 % |
| ERIE INDEMNITY COMPANY-CL A | 1.1 % |
| MUELLER INDUSTRIES INC | 1.1 % |
| ALLEGION PLC | 1.1 % |
| CORVEL CORP | 1.1 % |
| PREFERRED BANK/LOS ANGELES | 1.1 % |
| LPL FINANCIAL HOLDINGS INC | 1.1 % |
| META FINANCIAL GROUP INC | 1.1 % |
| OTTER TAIL CORP | 1.1 % |
| ORIENTAL FINANCIAL GROUP | 1.1 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 102 |
| Wgt avg mkt cap (mns) | $11,973 |
| Large cap (>$10bn) | 53.2% |
| Mid cap ($2-10bn) | 42.0% |
| Small cap (<$2bn) | 4.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.9 % |
 |
BERMUDA | 3.0 % |
 |
PUERTO RICO | 2.1 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 17.6% | 18.3% | 18.3% | 20.6% | 26.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 81% |
| MSCI EAFE | 1.04 | 79% |
| MSCI Emg Mkts | 0.75 | 40% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.49% |
| ADV of underlying (mns) | $9,122 |
Technical Indicators
| Recent close | $37.33 |
| 30d moving avg. | $32.54 |
| Annualized volatility | 21.5% |
| Relative strength (RSI) | 66 |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RNMC |
Expenses vs. RNMC |
ALTAR Score™ vs. RNMC |
|---|---|---|---|---|
| FSCS | First Trust SMID Capital Strength ETF | 69.0% | 0 bp | -0.3% |
| XMHQ | Invesco S&P MidCap Quality ETF | 22.6% | -35 bp | +0.8% |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 21.7% | 0 bp | +2.8% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 21.5% | -43 bp | -0.4% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 21.0% | -45 bp | -0.4% |
| OUSM | ALPS O'Shares US Small-Cap Quality Dividend ETF | 20.8% | -12 bp | -1.0% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 20.8% | -45 bp | -0.4% |
| PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 20.6% | 0 bp | +0.2% |
| AFMC | First Trust Active Factor Mid Cap ETF | 19.4% | +5 bp | +0.7% |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 19.2% | +20 bp | -0.3% |
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 11/14/2024
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
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 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™
RNMC
6.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. RNMC's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places RNMC in the 62nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNMCSELL
U/W
HOLD
O/W
BUY
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 | 67 |
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. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .