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First Trust SMID Capital Strength ETF
ETF
RNMC
Payout Change
Pending
Price as of:
$31.68
-0.27
-0.83%
primary theme
N/A
RNMC (ETF)
First Trust SMID Capital Strength ETF
Payout Change
Pending
Price as of:
$31.68
-0.27
-0.83%
primary theme
N/A
RNMC (ETF)
First Trust SMID Capital Strength ETF
Payout Change
Pending
Price as of:
$31.68
-0.27
-0.83%
primary theme
N/A
Name
As of 06/07/2024Price
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
2.7%
1 yr return
15.7%
3 Yr Avg Return
4.1%
5 Yr Avg Return
9.8%
Net Assets
$17.4 M
Holdings in Top 10
11.4%
52 WEEK LOW AND HIGH
$31.9
$25.83
$33.17
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 06/07/2024Price
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
RNMC - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.22%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust SMID Capital Strength ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateJun 20, 2017
-
Shares Outstanding650002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and is developed, maintained and sponsored by Nasdaq, Inc. (the “Index Provider”). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure the Index integrity.According to the Index Provider, the Index seeks to provide exposure to well capitalized small and mid-sized companies with strong market positions. The Index seeks to screen for companies with strong balance sheets, a high degree of liquidity, the ability to generate earnings growth, and a record of financial strength and profit growth (as described below).According to the Index Provider, to be eligible for inclusion in the Index, a security must be a constituent of the Nasdaq US Small Cap Index or the Nasdaq US Mid Cap Index. In addition, in order to be eligible for inclusion in the Index, a security must meet the size, float and liquidity requirements of the Index, as well as the following criteria:●Have at least $100 million USD in cash or short-term investments, after removing restricted cash;●Have a long-term debt to market cap ratio less than 30%;●Have positive shareholder equity;●Have a return on equity greater than 15%According to the Index Provider, security selection for the Index will be conducted based on a ranking system of the eligible securities until 100 securities are selected for inclusion. All selected securities are equally weighted. See "Additional Information on the Fund's Investment Objectives and Strategies - The SMID Capital Strength Index" for further information regarding the selection process.The Index is rebalanced and reconstituted quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated (i.e., invest more than 25% of Fund assets) in an industry or a group of industries to the extent that the Index is so concentrated. As of April 30, 2024, the Index was composed of securities with a market capitalization range of $1.2 billion to $26.1 billion. As of April 30, 2024, the Index had significant exposure to financials and industrials companies, although this may change from time to time. As a result, the Fund may have significant investments in a given jurisdiction, investment sector or industry or group of industries that it may not have had as of April 30, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction, investment sector or industry or group of industries, the Fund may be exposed to the risks associated with that jurisdiction, investment sector or industry or group of industries.
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RNMC - Performance
Return Ranking - Trailing
| Period | RNMC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -7.2% | 20.0% | 78.73% |
| 1 Yr | 15.7% | -5.8% | 37.2% | 53.04% |
| 3 Yr | 4.1%* | -21.3% | 17.0% | 31.09% |
| 5 Yr | 9.8%* | -1.4% | 22.6% | 46.75% |
| 10 Yr | N/A* | 1.8% | 12.0% | 58.61% |
* Annualized
Return Ranking - Calendar
| Period | RNMC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.0% | -12.9% | 28.8% | 32.78% |
| 2022 | -10.7% | -52.6% | 20.1% | 6.44% |
| 2021 | 24.5% | -43.8% | 32.4% | 10.29% |
| 2020 | 4.0% | -10.6% | 82.1% | 81.85% |
| 2019 | 25.8% | -8.5% | 37.5% | 28.39% |
Total Return Ranking - Trailing
| Period | RNMC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -7.2% | 20.0% | 78.73% |
| 1 Yr | 15.7% | -5.8% | 37.2% | 53.04% |
| 3 Yr | 4.1%* | -21.3% | 17.0% | 31.09% |
| 5 Yr | 9.8%* | -1.4% | 22.6% | 46.75% |
| 10 Yr | N/A* | 1.8% | 12.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RNMC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.8% | 1.2% | 31.3% | 36.11% |
| 2022 | -9.1% | -45.7% | 21.1% | 10.36% |
| 2021 | 26.1% | -30.2% | 52.8% | 33.43% |
| 2020 | 5.7% | -8.4% | 84.3% | 92.56% |
| 2019 | 28.0% | 1.0% | 43.4% | 43.85% |
RNMC - Holdings
Concentration Analysis
| RNMC | Category Low | Category High | RNMC % Rank | |
|---|---|---|---|---|
| Net Assets | 17.4 M | 728 K | 160 B | 92.82% |
| Number of Holdings | 348 | 1 | 2667 | 22.38% |
| Net Assets in Top 10 | 2.08 M | 224 K | 12.8 B | 97.51% |
| Weighting of Top 10 | 11.36% | 4.3% | 100.0% | 75.07% |
Top 10 Holdings
- Vertiv Holdings Co 1.49%
- Organon Co 1.18%
- Select Medical Holdings Corp 1.16%
- Bruker Corp 1.16%
- Pegasystems Inc 1.16%
- Encompass Health Corp 1.12%
- Universal Health Services Inc 1.08%
- KBR Inc 1.00%
- Ensign Group Inc/The 1.00%
- Viatris Inc 1.00%
Asset Allocation
| Weighting | Return Low | Return High | RNMC % Rank | |
|---|---|---|---|---|
| Stocks | 99.75% | 14.60% | 108.70% | 11.33% |
| Cash | 0.25% | 0.00% | 27.80% | 85.08% |
| Preferred Stocks | 0.00% | 0.00% | 13.94% | 93.65% |
| Other | 0.00% | -0.06% | 23.02% | 90.33% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 93.65% |
| Bonds | 0.00% | 0.00% | 62.14% | 94.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RNMC % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 16.72% | 2.49% | 46.48% | 12.19% |
| Industrials | 16.66% | 0.00% | 45.89% | 49.58% |
| Financial Services | 14.03% | 0.00% | 46.10% | 51.25% |
| Healthcare | 11.84% | 0.00% | 24.06% | 29.09% |
| Technology | 11.58% | 0.00% | 40.65% | 86.15% |
| Real Estate | 9.13% | 0.00% | 25.82% | 33.80% |
| Energy | 6.05% | 0.00% | 58.13% | 38.50% |
| Basic Materials | 5.08% | 0.00% | 16.35% | 59.83% |
| Utilities | 3.77% | 0.00% | 18.97% | 49.86% |
| Consumer Defense | 2.70% | 0.00% | 32.18% | 82.27% |
| Communication Services | 2.43% | 0.00% | 30.98% | 53.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RNMC % Rank | |
|---|---|---|---|---|
| US | 99.75% | 14.60% | 108.70% | 11.33% |
| Non US | 0.00% | 0.00% | 10.11% | 95.30% |
RNMC - Expenses
Operational Fees
| RNMC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | 19.40% | 78.83% |
| Management Fee | 0.60% | 0.00% | 1.50% | 39.17% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 23.98% |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| RNMC 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% | 4.00% | N/A |
Trading Fees
| RNMC 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.
| RNMC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.00% | 0.00% | 304.00% | 50.46% |
RNMC - Distributions
Dividend Yield Analysis
| RNMC | Category Low | Category High | RNMC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.76% | 0.00% | 29.78% | 40.06% |
Dividend Distribution Analysis
| RNMC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| RNMC | Category Low | Category High | RNMC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.22% | -2.06% | 3.38% | 9.72% |
Capital Gain Distribution Analysis
| RNMC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 21, 2024 | $0.060 | OrdinaryDividend |
| Dec 22, 2023 | $0.185 | OrdinaryDividend |
| Sep 22, 2023 | $0.059 | OrdinaryDividend |
| Jun 27, 2023 | $0.130 | OrdinaryDividend |
| Mar 24, 2023 | $0.084 | OrdinaryDividend |
| Dec 23, 2022 | $0.224 | OrdinaryDividend |
| Sep 23, 2022 | $0.102 | OrdinaryDividend |
| Jun 24, 2022 | $0.095 | OrdinaryDividend |
| Mar 25, 2022 | $0.043 | OrdinaryDividend |
| Dec 23, 2021 | $0.146 | OrdinaryDividend |
| Sep 23, 2021 | $0.079 | OrdinaryDividend |
| Jun 24, 2021 | $0.086 | OrdinaryDividend |
| Mar 25, 2021 | $0.055 | OrdinaryDividend |
| Dec 24, 2020 | $0.136 | OrdinaryDividend |
| Sep 24, 2020 | $0.068 | OrdinaryDividend |
| Jun 25, 2020 | $0.071 | OrdinaryDividend |
| Mar 26, 2020 | $0.051 | OrdinaryDividend |
| Dec 13, 2019 | $0.134 | OrdinaryDividend |
| Sep 25, 2019 | $0.107 | OrdinaryDividend |
| Jun 14, 2019 | $0.108 | OrdinaryDividend |
| Mar 21, 2019 | $0.045 | OrdinaryDividend |
| Dec 18, 2018 | $0.118 | OrdinaryDividend |
| Sep 14, 2018 | $0.070 | OrdinaryDividend |
| Jun 21, 2018 | $0.082 | OrdinaryDividend |
| Mar 22, 2018 | $0.042 | OrdinaryDividend |
| Dec 21, 2017 | $0.085 | OrdinaryDividend |
| Sep 21, 2017 | $0.061 | OrdinaryDividend |
RNMC - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
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.
Stan Ueland
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
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 Peterson
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
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
Jun 20, 2017
4.95
5.0%
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.
Jon Erickson
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
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
Jun 20, 2017
4.95
5.0%
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.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
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 |
|---|---|---|---|
| 0.25 | 38.44 | 7.26 | 5.78 |
