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Critical Facts You Need to Know About Preferred Stocks
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First Trust Active Factor Small Cap ETF
Active ETF
AFSM
Payout Change
Pending
Price as of:
$30.1482
-0.36
-1.19%
primary theme
U.S. Small-Cap Blend Equity
AFSM (ETF)
First Trust Active Factor Small Cap ETF
Payout Change
Pending
Price as of:
$30.1482
-0.36
-1.19%
primary theme
U.S. Small-Cap Blend Equity
AFSM (ETF)
First Trust Active Factor Small Cap ETF
Payout Change
Pending
Price as of:
$30.1482
-0.36
-1.19%
primary theme
U.S. Small-Cap Blend Equity
Name
As of 10/31/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
10.9%
1 yr return
33.0%
3 Yr Avg Return
4.0%
5 Yr Avg Return
N/A
Net Assets
$5.85 M
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
$30.5
$23.08
$31.50
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/31/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AFSM - Profile
Distributions
- YTD Total Return 10.9%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.27%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Active Factor Small Cap ETF
-
Fund Family NameFirst Trust Advisors L.P
-
Inception DateDec 03, 2019
-
Shares Outstanding100002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChris Peterson
Fund Description
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 small capitalization companies. The Fund defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. As of November 30, 2023, the maximum market capitalization of the referenced index was $15.19 billion. The Fund is not required to sell a security if its market capitalization increases above the Fund’s maximum market capitalization at any time after its acquisition by the Fund.The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility. These factors are briefly defined below.•Value is a measure of a security’s price relative to the fundamental value of that security.•Momentum is a measure of the price performance of a security versus a market average, another security or universe of securities.•Quality is a measure of the strength of a security’s fundamentals.•Volatility is a measure of the magnitude of a security’s price fluctuations over time.The Fund’s active strategy gives it the flexibility to alter the investing factors used in the construction of the Fund’s portfolio in response to changes in market conditions, emergent academic research or other considerations. The Fund’s active risk management allows the investment advisor to maintain exposure to desired factors while controlling exposure to industries/sectors, single stock risk and other risks.
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AFSM - Performance
Return Ranking - Trailing
| Period | AFSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.9% | -18.0% | 29.9% | 34.91% |
| 1 Yr | 33.0% | -2.3% | 47.7% | 35.09% |
| 3 Yr | 4.0%* | -14.7% | 41.9% | 18.77% |
| 5 Yr | N/A* | -12.9% | 33.7% | 33.89% |
| 10 Yr | N/A* | -3.1% | 17.9% | 51.43% |
* Annualized
Return Ranking - Calendar
| Period | AFSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.0% | -19.9% | 29.0% | 2.27% |
| 2022 | -18.6% | -59.3% | 118.2% | 32.76% |
| 2021 | 25.6% | -31.6% | 39.3% | 7.16% |
| 2020 | 7.8% | -51.0% | 39.5% | 65.08% |
| 2019 | N/A | -5.6% | 37.8% | N/A |
Total Return Ranking - Trailing
| Period | AFSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.9% | -18.0% | 29.9% | 34.91% |
| 1 Yr | 33.0% | -2.3% | 47.7% | 35.09% |
| 3 Yr | 4.0%* | -14.7% | 41.9% | 18.77% |
| 5 Yr | N/A* | -12.9% | 33.7% | N/A |
| 10 Yr | N/A* | -3.1% | 17.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AFSM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.2% | -11.7% | 31.8% | 5.11% |
| 2022 | -17.5% | -45.2% | 123.7% | 60.00% |
| 2021 | 26.0% | 0.0% | 45.6% | 33.46% |
| 2020 | 8.4% | -50.5% | 46.9% | 71.63% |
| 2019 | N/A | 2.2% | 40.9% | N/A |
AFSM - Holdings
Concentration Analysis
| AFSM | Category Low | Category High | AFSM % Rank | |
|---|---|---|---|---|
| Net Assets | 5.85 M | 529 K | 145 B | 99.06% |
| Number of Holdings | 307 | 2 | 2445 | 37.29% |
| Net Assets in Top 10 | 1.47 M | 124 K | 9.87 B | 99.25% |
| Weighting of Top 10 | 9.60% | 3.1% | 100.1% | 78.45% |
Top 10 Holdings
- National HealthCare Corp 1.32%
- Mueller Industries Inc 1.14%
- Alkermes PLC 0.96%
- InterDigital Inc 0.94%
- Abercrombie Fitch Co 0.94%
- SkyWest Inc 0.90%
- Daktronics Inc 0.89%
- Catalyst Pharmaceuticals Inc 0.87%
- M/I Homes Inc 0.82%
- Preferred Bank/Los Angeles CA 0.81%
Asset Allocation
| Weighting | Return Low | Return High | AFSM % Rank | |
|---|---|---|---|---|
| Stocks | 99.83% | 7.51% | 107.74% | 8.85% |
| Cash | 0.17% | 0.00% | 42.24% | 87.57% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 13.37% |
| Other | 0.00% | -0.07% | 49.08% | 50.09% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 12.26% |
| Bonds | 0.00% | 0.00% | 87.66% | 20.34% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AFSM % Rank | |
|---|---|---|---|---|
| Healthcare | 16.75% | 0.00% | 26.53% | 9.71% |
| Industrials | 16.54% | 2.46% | 37.42% | 51.62% |
| Financial Services | 14.01% | 0.00% | 35.52% | 82.48% |
| Technology | 12.51% | 0.00% | 43.95% | 73.71% |
| Consumer Cyclical | 10.02% | 0.99% | 47.79% | 66.48% |
| Energy | 7.42% | 0.00% | 37.72% | 23.43% |
| Real Estate | 6.30% | 0.00% | 29.43% | 64.38% |
| Basic Materials | 6.29% | 0.00% | 18.66% | 17.14% |
| Consumer Defense | 5.79% | 0.00% | 18.87% | 12.76% |
| Utilities | 2.51% | 0.00% | 18.58% | 48.00% |
| Communication Services | 1.86% | 0.00% | 14.85% | 71.62% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AFSM % Rank | |
|---|---|---|---|---|
| US | 99.83% | 2.58% | 107.74% | 8.47% |
| Non US | 0.00% | 0.00% | 97.07% | 26.93% |
AFSM - Expenses
Operational Fees
| AFSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.01% | 38.30% | 74.10% |
| Management Fee | 0.75% | 0.00% | 1.50% | 52.36% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 1.63% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| AFSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| AFSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AFSM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 314.00% | N/A |
AFSM - Distributions
Dividend Yield Analysis
| AFSM | Category Low | Category High | AFSM % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.76% | 0.00% | 42.47% | 50.66% |
Dividend Distribution Analysis
| AFSM | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| AFSM | Category Low | Category High | AFSM % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.27% | -2.40% | 2.49% | 41.71% |
Capital Gain Distribution Analysis
| AFSM | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.133 | OrdinaryDividend |
| Jun 27, 2024 | $0.048 | OrdinaryDividend |
| Mar 21, 2024 | $0.029 | OrdinaryDividend |
| Dec 22, 2023 | $0.157 | OrdinaryDividend |
| Jun 27, 2023 | $0.053 | OrdinaryDividend |
| Mar 24, 2023 | $0.042 | OrdinaryDividend |
| Dec 23, 2022 | $0.148 | OrdinaryDividend |
| Sep 23, 2022 | $0.059 | OrdinaryDividend |
| Jun 24, 2022 | $0.068 | OrdinaryDividend |
| Mar 25, 2022 | $0.015 | OrdinaryDividend |
| Dec 23, 2021 | $0.076 | OrdinaryDividend |
| Sep 23, 2021 | $0.023 | OrdinaryDividend |
| Dec 24, 2020 | $0.060 | OrdinaryDividend |
| Sep 24, 2020 | $0.023 | OrdinaryDividend |
| Jun 25, 2020 | $0.035 | OrdinaryDividend |
| Dec 13, 2019 | $0.065 | OrdinaryDividend |
AFSM - Fund Manager Analysis
Managers
Chris Peterson
Start Date
Tenure
Tenure Rank
Dec 04, 2019
2.49
2.5%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Dec 04, 2019
2.49
2.5%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Dec 04, 2019
2.49
2.5%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Dec 04, 2019
2.49
2.5%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Dec 04, 2019
2.49
2.5%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Dec 04, 2019
2.49
2.5%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Chris Bush
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Chris Bush is Vice President of strategy research. He joined First Trust in May 2005. Chris is responsible for developing and implementing quantitative equity investment strategies and he became a member of First Trust Advisors Sub-Equity Investment Committee in 2018. Chris received his BS in Business Administration from John Brown University in 2005 and is currently pursuing a Masters in Data Science from Northwestern University. He has over 15 years of financial services industry experience and is a recipient of the Chartered Financial Analyst designation. He is a member of the CFA Institute, the CFA Society of Chicago and the Chicago Quantitative Alliance
Erik Russo
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.18 | 2.58 |
