First Trust Active Factor Mid Cap ETF
$40.45+0.17 (+0.42%)
- 0.68%
- $236M
- +23.7%
- 0.70%
- 0M sh
- $40.38
- low $32.43high $42.13
The ETF.net AFMC Grade
C
Score 54 out of 100
- 16 of 48
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 30 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A70 out of 100Rank 10 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 26 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A78 out of 100Rank 10 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 5 of 48
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
- 267
- 12%
- RS
Sectors
- Technology20.7%
- Industrials18.0%
- Consumer Discretionary14.0%
- Financials14.0%
- Health Care10.6%
- Energy6.1%
- Materials5.9%
- Real Estate5.8%
- Consumer Staples2.5%
- Communication1.6%
- Utilities0.7%
Geography
- United States94.89%
- Bermuda2.10%
- United Kingdom1.81%
- Puerto Rico0.78%
- Ireland0.41%
AFMC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
AFMC$12,365
Returns run to the Oct 12, 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 | +17.2% |
| 1 month | −1.1% |
| 3 months | 0.0% |
| 1 year | +23.7% |
| 3 years | +20.7% |
| 5 years | +10.9% |
| 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 | +17.2% | |
| 2025 | +10.2% | |
| 2024 | +19.1% | |
| 2023 | +21.4% | |
| 2022 | −15.5% | |
| 2021 | +25.7% | |
| 2020 | +5.8% |
AFMC in the news
AFMC Dividends
- 0.70%
- $0.28
- $0.02 per share
- Quarterly
Distribution history
AFMC Risk
- 16.1%
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.
- 0.90
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.
- 0.99
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
0.68%
AFMC0.68%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
28 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- BSMIGBahl & Gaynor Small/Mid Cap Income Growth ETFExpense ratio 0.60%1 year return +11.7%
- BABCSAlpha Blue Capital US Small-Mid Cap Dynamic ETFExpense ratio 0.42%1 year return +18.6%
- CRNINEA Series Trust - Bushido Capital US SMID Cap Equity ETFExpense ratio 0.68%1 year return +40.1%
- CIVSSApplied Finance IVS US SMID ETFExpense ratio 0.59%1 year return —
- CDSMCDistillate Small/Mid Cash Flow ETFExpense ratio 0.55%1 year return +27.3%