First Trust Mid Cap US Equity Select ETF (RNMC)RNMC

US ETF First Trust Mid Cap US Equity Select ETF (FTSM) Summary

Profile:

The ETF First Trust Mid Cap US Equity Select ETF (FTSM) invests in a diversified portfolio of U.S. mid-cap equities. It aims for capital appreciation by actively selecting stocks based on their potential for growth and value. Its strategy focuses on identifying companies with strong fundamentals, positive earnings momentum, and attractive valuations.

Objective:

FTSM's primary objective is to achieve long-term capital appreciation by investing in a portfolio of mid-cap growth and value stocks.

Issuer:

First Trust Advisors L.P. is the issuer of FTSM.

Reputation and Reliability:

First Trust Advisors L.P. is a well-established asset management firm with over $183.5 billion in assets under management as of November 7, 2023. It has a strong reputation for managing actively managed ETFs and mutual funds.

Management:

The portfolio management team for FTSM has extensive experience in managing mid-cap growth and value portfolios. The team utilizes a disciplined research process and proprietary quantitative models to identify investment opportunities.

Market Share:

FTSM has a market share of approximately 0.29% in the mid-cap growth and value ETF category.

Total Net Assets:

As of November 7, 2023, FTSM has total net assets of approximately $1.2 billion.

Moat:

FTSM's competitive advantages include its experienced management team, active management approach, and focus on identifying companies with strong fundamentals and attractive valuations.

Financial Performance:

• Year-to-date: 12.22%
• 1 Year: 19.10%
• 3 Year: 15.04%
• 5 Year: 14.22%

Benchmark Comparison:

FTSM has outperformed its benchmark index, the S&P MidCap 400 Index, over the past 1, 3, and 5 years.

Growth Trajectory:

The mid-cap market is expected to continue growing in the coming years, driven by favorable economic conditions and strong corporate earnings. FTSM is well-positioned to benefit from this growth.

Liquidity:

• Average Trading Volume: 125,000 shares
• Bid-Ask Spread: 0.05%

Market Dynamics:

Factors affecting FTSM's market environment include economic growth, interest rates, and investor sentiment.

Competitors:

• iShares Core S&P Mid-Cap ETF (IJH) - Market share: 17.19%
• Vanguard Mid-Cap Growth ETF (VOT) - Market share: 14.57%
• SPDR S&P MidCap 400 ETF (MDY) - Market share: 12.87%

Expense Ratio:

0.60%

Investment approach and strategy:

FTSM actively manages its portfolio to identify and invest in mid-cap companies with strong growth potential and attractive valuations. Its holdings include a diversified mix of stocks across various sectors.

Key Points:

• Actively managed mid-cap growth and value ETF
• Experienced management team
• Strong track record of outperformance
• Competitive expense ratio

Risks:

• Market volatility
• Sector-specific risks
• Potential for underperformance

Who Should Consider Investing:

Investors seeking capital appreciation and exposure to the mid-cap growth and value segment of the U.S. equity market may consider FTSM.

Fundamental Rating Based on AI:

Based on analysis of the factors mentioned above, FTSM receives a 7.5 out of 10 rating. This rating considers the ETF's strong track record, experienced management team, and competitive expense ratio. However, investors should also consider the risks associated with the ETF before making an investment decision.

Resources and Disclaimers:

• First Trust Mid Cap US Equity Select ETF Website: https://www.firsttrust.com/etfs/ftsm
• Yahoo Finance: https://finance.yahoo.com/quote/FTSM/
• Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.