First Trust Active Factor Mid Cap ETF
$40.13−0.11 (−0.26%)
- Expense ratio
- 0.68%
- Fund size
- $217M
- 1Y return
- +17.8%
- Yield · Last 12 months
- 0.70%
- Holdings
- 265
- Volume · 30D
- 0M sh
- NAV per share
- $40.18
- 52W range
The ETF.net AFMC Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 37Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 69Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 83Category rank
Our read on AFMC
CMost factor investing happens in large caps, on autopilot. AFMC blends four factors (value, quality, momentum, low volatility) across roughly 300 mid-cap stocks, actively managed with risk controls layered on top.
The fund seeks capital appreciation by investing at least 80% of its assets in U.S.-listed equity securities of mid-capitalization companies. It is actively managed using a multi-factor quantitative approach with active risk management.
Why people hold it
- Four factors in one wrapper: value, quality, momentum and low volatility, blended together rather than betting the fund on one style.ftportfolios.com
- Mid caps get the factor treatment large caps usually hog: at least 80% of assets go to US-listed mid-cap equities.ftportfolios.com
- Roughly 300 holdings, so no single name carries the portfolio, with active risk management sitting on top of the quantitative screens.
- Trading since 2019 and paying quarterly, so it has a live record through real markets, not a backtest.
Worth knowing
- At 0.68%, it runs slightly above the typical active US equity fund and well above large-cap core rivals like AVLC (0.15%) and DFAC (0.17%).
- One of the more thinly traded names in its category and smaller by assets, so spreads can widen and limit orders are the standard tool.
- Active and multi-factor means no index to hug: the portfolio can look quite different from a plain mid-cap benchmark in any given stretch.
AFMC Holdings
- Stocks
- 265
- 12%
- RS
Sectors
- Industrials20.6%
- Technology18.8%
- Financials13.9%
- Consumer Discr.13.7%
- Health Care10.1%
- Real Estate6.7%
- Energy5.8%
- Materials5.1%
- Cons. Staples2.7%
- Communication1.6%
- Utilities1.1%
Geography
- United States94.79%
- Bermuda2.14%
- United Kingdom1.80%
- Puerto Rico0.81%
- Ireland0.45%
AFMC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AFMC |
|---|---|
| Year to date | +17.1% |
| 1 month | −2.4% |
| 3 months | −0.9% |
| 1 year | +17.8% |
| 3 years | +20.3% |
| 5 years | +10.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AFMC |
|---|---|---|
| 2026 YTD | +17.1% | |
| 2025 | +10.2% | |
| 2024 | +19.1% | |
| 2023 | +21.4% | |
| 2022 | −15.5% | |
| 2021 | +25.7% | |
| 2020 | +5.8% |
AFMC in the news
ETF.net Research hasn’t filed on AFMC yet — coverage lands here as it’s written.
AFMC Dividends
- 0.70%
- $0.28
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.05 |
| Mar 26, 2026 | Mar 31, 2026 | $0.06 |
| Dec 12, 2025 | Dec 31, 2025 | $0.16 |
| Sep 25, 2025 | Sep 30, 2025 | $0.02 |
| Jun 26, 2025 | Jun 30, 2025 | $0.08 |
| Mar 27, 2025 | Mar 31, 2025 | $0.08 |
| Dec 13, 2024 | Dec 31, 2024 | $0.13 |
| Sep 26, 2024 | Sep 30, 2024 | $0.02 |
| Jun 27, 2024 | Jun 28, 2024 | $0.03 |
| Mar 21, 2024 | Mar 28, 2024 | $0.02 |
| Dec 22, 2023 | Dec 29, 2023 | $0.18 |
| Jun 27, 2023 | Jun 30, 2023 | $0.05 |
AFMC Risk
- 16.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.84
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AFMC Cost
- The middle half of US Active Small/Mid-Cap funds
- Median 0.55%
29 of the 47 US Active Small/Mid-Cap funds charge less.