Key stats
About FT Raymond James Multicap Growth Equity ETF
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Inception date
Jan 17, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740F3597
RJMG invests in a model portfolio recommended by the sub-advisor, Raymond James. The model portfolio has narrow holdings of about 40 strong buy or outperform stocks, selected from 1200 US equities of any market cap. A stock is rated as a strong buy if it is expected to gain at least 15% total return and to outperform the S&P 500 over the next 6 to 12 months, while a stock has an outperform rating if it is anticipated to appreciate and outperform the S&P 500 over the next 12 to 18 months. The sub-advisor excludes equities that do not meet its fundamental and quantitative screens. The remaining securities are scored based on growth factors, including FCF growth, EPS growth, and EPS revisions. The resulting portfolio is approximately sector-neutral and equally weighted, subject to a quarterly rebalancing. The fund generally invests proportionally in securities of the sub-advisor's portfolio, although the fund manager may exercise discretion and deviate from this model.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Retail Trade
Stocks99.92%
Technology Services26.71%
Electronic Technology23.33%
Finance15.23%
Retail Trade10.03%
Non-Energy Minerals5.45%
Transportation5.03%
Health Technology4.69%
Commercial Services4.66%
Producer Manufacturing2.52%
Health Services2.27%
Bonds, Cash & Other0.08%
Cash0.08%
Stock breakdown by region
North America92.42%
Europe5.01%
Middle East2.57%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RJMG invests in stocks. The fund's major sectors are Technology Services, with 26.71% stocks, and Electronic Technology, with 23.33% of the basket. The assets are mostly located in the North America region.
RJMG top holdings are Coeur Mining, Inc. and Lattice Semiconductor Corporation, occupying 2.83% and 2.75% of the portfolio correspondingly.
RJMG assets under management is 14.41 M USD. It's risen 4.91% over the last month.
RJMG fund flows account for 2.43 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RJMG doesn't pay dividends to its holders.
RJMG shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jan 17, 2024, and its management style is Active.
RJMG expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
RJMG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RJMG invests in stocks.
RJMG price has risen by 5.16% over the last month, and its yearly performance shows a 11.26% increase. See more dynamics on RJMG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.42% over the last month, showed a 8.02% increase in three-month performance and has increased by 10.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.42% over the last month, showed a 8.02% increase in three-month performance and has increased by 10.83% in a year.
RJMG trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.