First Trust Active Factor Large Cap ETF

AFLG

Market cap $415M

AFLG is an actively managed large-cap fund aiming to outperform the S&P 500 Index using a proprietary multi-factor model. Its expense ratio is 0.55% and AFLG has $237 million in assets. AFLG underperformed shortly after its launch, but returns in recent years have been pretty solid. My fundamental analysis reveals that AFLG now trades at a 20% discount to SPY. One strength is that AFLG still has many of the features that make SPY such a great long-term investment, including strong historical and forecasted growth rates and high-profit margins.