First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)
ARCA ARCA Primary Summary
MMSC Chart
MMSC: High Fees And Average Return
First Trust Multi-Manager Small Cap Opportunities ETF is an active ETF in the “Small Growth” category. MMSC is well diversified and has excellent fundamental growth metrics. Given high fees, thin trading, and lackluster returns, I find MMSC uncompelling versus other small-cap growth ETFs.
First Trust Multi-Manager Small Cap Opportunities ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| RM Rich Mowrer Brookwood Investment Group LLC | 55,017 | $1.31M | $1.54M | $226,750.22 | 17.26% |
First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) FAQ
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First Trust Multi-Manager Small Cap Opportunities ETF Profile
| ARCA Exchange | US Country |
Overview
The entity in question operates as an investment fund that primarily focuses on investing in equity securities issued by small capitalization companies. This strategic investment approach is rooted in a key investment philosophy that earnings growth is crucial for stock performance. The fund's investment decisions are closely aligned with the market capitalization range identified within the Russell 2000® Growth Index. This index acts as a benchmark for selecting small capitalization companies in which to invest. A significant feature of this fund is its non-diversified status, which allows it to allocate a larger portion of its assets to a smaller number of investments, potentially increasing the impact of each investment on the fund's overall performance. The investment advisory services and recommendations regarding the selection of securities are provided by SIMG to First Trust, guiding the allocation of the fund's assets under this strategic framework.
Products and Services
As part of its investment offerings, the fund focuses on the following core areas:
- Equity Securities Investment:
The fund dedicates at least 80% of its net assets to investing in equity securities. These are primarily issued by small capitalization companies, selected based on their market capitalization at the time of investment. This forms the core product of the fund, targeting investors interested in tapping into the growth potential of small-cap markets.
- Small Capitalization Companies Focus:
Investments are predominantly directed towards companies whose market capitalizations fall within the range of those comprising the Russell 2000® Growth Index. This approach provides a clear definition of what constitutes a 'small capitalization company' for the fund, ensuring a focused investment strategy that seeks to exploit the growth dynamics of small-cap entities.
- Non-Diversified Fund Structure:
The non-diversified status of the fund indicates a strategic choice to invest in fewer assets with potentially higher growth prospects, rather than spreading investments across a wide array of securities. This allows for concentrated investments in selected small capitalization companies that the fund's adviser, leveraging SIMG's insights, believes have the potential for significant earnings growth and, consequently, stock performance.
