First Trust Active Factor Mid Cap ETF

Frequently Asked Questions About AFMC

What does AFMC invest in?

The First Trust Active Factor Mid Cap ETF (AFMC) is designed to achieve capital growth for its investors. Under normal market conditions, the fund dedicates at least 80% of its total assets, including any borrowed capital, to equity securities of mid-sized U.S. companies listed on stock exchanges. This is an actively managed fund that constructs its portfolio using a rules-based, multi-factor quantitative model alongside dynamic risk management. This strategy aims to select securities that exhibit desirable characteristics across several investment factors. The current quantitative methodology considers elements such as a company's intrinsic value, share price momentum, corporate quality, and low price volatility.

What is the expense ratio of AFMC?

First Trust Active Factor Mid Cap ETF (AFMC) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations.

How big is AFMC?

First Trust Active Factor Mid Cap ETF (AFMC) manages $184.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AFMC actively managed or an index fund?

AFMC is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (AFMC's is 0.68%) in exchange for the discretion to over- or under-weight positions.

When was AFMC launched?

First Trust Active Factor Mid Cap ETF (AFMC) launched in December 2019 and is managed by First Trust.

How has AFMC performed?

AFMC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.