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See exactly how AFMC's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for AFMC and 80,000+ other tickers.
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…
I initiate coverage on the First Trust Active Factor Mid Cap ETF, assigning a 'hold' rating due to cautious optimism. AFMC's multi-factor approach—value, momentum, quality, and low volatility—has recently outperformed IJH, especially by leveraging momentum. Despite a high 0.68% expense ratio and bid/ask spread, AFMC offers strong GARP characteristics with a top-decile modified PEG ratio.
AI-related equity jitters are unlikely to be resolved overnight and eurozone government bonds could actually come out as a winner. Relative to euro rates, US equity volatility is reaching highs similar to previous crisis periods. A global rebalancing of portfolios could see significant demand for euro rates, mitigating the upward rate pressure.