FEMD vs WTV

FEMDDFirst Eagle Mid Cap Equity ETF

WTVAWisdomTree U.S. Value Fund

In short

FEMD First Eagle takes its value discipline down the market cap ladder: an active mid-cap fund hunting companies whose problems look temporary or fixable, with a visible catalyst attached. Stock picking, not a cheapness screen. It launched in 2026.

WTV Most value funds shop for low price tags. WTV shops for cash coming back to shareholders: dividends plus net buybacks, filtered for quality and profitability. Actively run, priced like an index fund at 0.12%.

Stated mandate

FEMD The fund seeks long-term growth of capital and uses a bottom-up fundamental process for U.S. mid-cap companies, focusing on transitory or fixable issues and identifiable catalysts.

WTV The fund seeks income and capital appreciation through primarily U.S. equities selected for high total shareholder yield and favorable relative quality characteristics.

Why people hold it

• FEMD The process is judgment, not a filter: bottom-up work on U.S. mid caps with transitory or fixable issues and an identifiable catalyst, marketed as Catalyst-Driven Value.firsteagle.com
• 0.55% buys active management and sits right at the median for its active value peer group, so the First Eagle name carries no premium.
• Mid cap is the whole mandate, not a tilt. It measures itself against the Russell Mid Cap Value and Russell Mid Cap indexes rather than a large-cap yardstick.firsteagle.com

• WTV Charges 0.12% a year, under a quarter of the 0.55% typical for active US value funds, and less than every same-benchmark rival in its group (JAVA 0.44%, CGVV 0.33%, TEQI 0.54%).
• "Value" here means cash returned: dividend yield plus net buyback yield, with quality and profitability screens, rather than a plain low price-to-book sort.wisdomtree.com
• About 160 US stocks, a multi-billion-dollar asset base, and a live track record dating to 2007. Distributions land quarterly.

Worth knowing

• FEMD Systematic routes to the same asset class cost less: Avantis' AVMV charges 0.20% for rules-based U.S. mid-cap value.
• A 2026 launch with a small asset base. There is no long record to judge, and young, thinly traded funds can show wider spreads, so limit orders earn their keep.
• The stated goal is long-term growth of capital. Income is not part of the design.

• WTV Full equity with no downside cushion, and a value tilt that can lean into a handful of sectors. Risk is the least polished part of the profile.
• Rules-based active, not an index tracker, so results can diverge from the Russell 1000 Value in either direction.
• Buybacks supply much of the shareholder yield, and companies can scale repurchases back more easily than they cut dividends.wisdomtree.com

Full FEMD profile⁠

Full WTV profile⁠