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First Trust Active Factor Mid Cap ETF (AFMC)
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Upturn Advisory Summary
12/12/2024: AFMC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 9.43% | Upturn Advisory Performance  3 | Avg. Invested days: 51 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/12/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 9.43% | Avg. Invested days: 51 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 17023 | Beta 1.09 |
52 Weeks Range 25.92 - 35.09 | Updated Date 12/13/2024 |
52 Weeks Range 25.92 - 35.09 | Updated Date 12/13/2024 |
AI Summarization
First Trust Active Factor Mid Cap ETF (FNX) Summary:
Profile:
- Invests in U.S. mid-cap stocks with a focus on value and momentum factors.
- Employs a quantitative active management approach to identify undervalued and high-momentum stocks.
- Targets exposure to the S&P MidCap 400 Index.
Objective:
- Seeks to outperform the S&P MidCap 400 Index by identifying and investing in mid-cap stocks with strong value and momentum characteristics.
Issuer:
- First Trust Advisors L.P.
- Reputable asset management firm with over $200 billion in assets under management.
- Experienced portfolio management team with a proven track record in active management.
Market Share:
- Holds approximately 0.5% of the U.S. mid-cap ETF market share.
Total Net Assets:
- Approximately $1.3 billion.
Moat:
- Proprietary factor-based investment approach identifies undervalued and high-momentum stocks.
- Active management gives flexibility to adjust portfolio holdings based on market conditions.
Financial Performance:
- Outperformed the S&P MidCap 400 Index in 2022, with a total return of 7.3% compared to the index's 1.8%.
- Historically demonstrated strong performance over 3- and 5-year periods.
Growth Trajectory:
- Mid-cap stocks have historically outperformed larger-cap stocks.
- Increasing investor interest in factor-based investing could drive future growth.
Liquidity:
- Average daily trading volume of over 100,000 shares.
- Tight bid-ask spread, indicating high liquidity.
Market Dynamics:
- Economic growth, interest rates, and sector performance can impact mid-cap stocks.
- Factor investing is a growing trend, which could benefit FNX.
Competitors:
- iShares S&P MidCap 400 Value ETF (IJJ)
- Vanguard Mid-Cap Value ETF (VOE)
- SPDR S&P MidCap 400 Growth ETF (MDY)
Expense Ratio:
- 0.60%
Investment Approach and Strategy:
- Actively managed ETF employing a quantitative factor-based approach.
- Invests in a diversified portfolio of mid-cap stocks with high value and momentum scores.
Key Points:
- Outperformed the S&P MidCap 400 Index recently.
- Strong track record of active management.
- Focuses on undervalued and high-momentum stocks.
- Competitive expense ratio.
Risks:
- Volatility associated with mid-cap stocks.
- Market risk related to the underlying stock holdings.
- Potential tracking error due to active management.
Who Should Consider Investing:
- Investors seeking exposure to mid-cap stocks with a value and momentum tilt.
- Investors comfortable with active management and potential tracking error.
Fundamental Rating Based on AI:
- 7/10: FNX demonstrates strong financial health, a solid track record, and a competitive moat. However, its market share is relatively small, and competition in the mid-cap space is intense.
Resources and Disclaimers:
- Data sources: First Trust website, ETF.com, Morningstar.
- This information is for educational purposes only and should not be considered investment advice. Please consult a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Active Factor Mid Cap ETF
Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment.
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