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RJMG - ETF AI Analysis
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FT Raymond James Multicap Growth Equity ETF (RJMG)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid returns so far this year, indicating strong overall momentum.
Technology Sector Leadership
With over 50% exposure to technology, the fund benefits from the strong performance of this high-growth sector.
Broad Sector Diversification
The ETF includes exposure to eight different sectors, helping to spread risk across various industries.
Negative Factors
High Expense Ratio
The fund charges a relatively high fee compared to many ETFs, which can eat into investor returns over time.
Over-Concentration in U.S. Market
Nearly all of the fund's assets are invested in U.S. companies, limiting diversification across global markets.
Mixed Performance Among Top Holdings
Some of the largest positions, such as Dell and Lattice Semiconductor, have shown weaker year-to-date performance, potentially dragging on overall returns.
RJMG vs. SPDR S&P 500 ETF (SPY)
AUM12.39M
RegionNorth America
Expense Ratio0.85%
Beta1.14
IssuerFirst Trust
Inception DateJan 17, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,601
30 Day Avg. Volume3,349
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
32.74Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering40
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
RJMG Summary
The FT Raymond James Multicap Growth Equity ETF (RJMG) is an investment fund focused on growth-oriented companies across different sizes, from small to large. It primarily invests in U.S. companies, with a strong emphasis on technology, healthcare, and financial sectors. Some of its top holdings include well-known companies like Micron and Dell Technologies. This ETF could be a good choice for investors looking to diversify their portfolio while targeting companies with strong growth potential. However, it’s important to know that RJMG is heavily invested in technology stocks, which can make it more sensitive to market fluctuations in that sector.
How much will it cost me?The FT Raymond James Multicap Growth Equity ETF (RJMG) has an expense ratio of 0.85%, which means you’ll pay $8.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed, aiming to identify and capture growth opportunities across a diverse range of companies.
What would affect this ETF?The RJMG ETF, with its strong focus on technology and growth-oriented companies, could benefit from advancements in innovation and increased demand for tech solutions, especially in the U.S. market. However, it may face challenges from rising interest rates, which can negatively impact growth stocks, and economic slowdowns that could affect consumer spending and corporate earnings. Additionally, regulatory changes in sectors like technology and healthcare could influence the performance of its top holdings.
RJMG Top 10 Holdings
The FT Raymond James Multicap Growth Equity ETF leans heavily into technology, with nearly half of its portfolio tied to the sector, making names like Micron and AMD key drivers of performance. Micron is rising steadily thanks to its strategic positioning in AI markets, while AMD shows mixed signals, balancing strong growth prospects with valuation concerns. Broadcom, another tech heavyweight, is steady but faces premium valuation risks. Spotify, however, is lagging, weighed down by bearish momentum and advertising challenges. With its U.S.-focused portfolio, the fund’s tech tilt is both its engine and potential vulnerability.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Micron | 3.08% | $381.57K | $322.66B | 219.17% | 79 Outperform | |
| Ciena | 2.85% | $352.49K | $33.84B | 177.27% | 70 Outperform | |
| Jabil | 2.65% | $327.82K | $25.05B | 60.70% | 73 Outperform | |
| Coeur Mining | 2.62% | $324.77K | $12.02B | 224.44% | 69 Neutral | |
| Broadcom | 2.62% | $323.95K | $1.66T | 44.87% | 76 Outperform | |
| Advanced Micro Devices | 2.60% | $322.56K | $350.09B | 71.95% | 73 Outperform | |
| SiTime Corporation | 2.58% | $319.85K | $9.87B | 67.58% | 61 Neutral | |
| Paymentus Holdings | 2.57% | $318.48K | $3.97B | -4.21% | 74 Outperform | |
| Tapestry | 2.57% | $317.82K | $26.65B | 96.74% | 69 Neutral | |
| Newmont Mining | 2.56% | $317.54K | $114.29B | 176.77% | 81 Outperform |
RJMG Technical Analysis
Positive
―
Price Trends
26.55
Positive
25.99
Positive
24.32
Positive
Market Momentum
0.28
Negative
63.27
Neutral
96.54
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RJMG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 27.04, equal to the 50-day MA of 26.55, and equal to the 200-day MA of 24.32, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 63.27 is Neutral, neither overbought nor oversold. The STOCH value of 96.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RJMG.
RJMG Peer Comparison
Comparison Results
Performance Comparison
RJMG
FT Raymond James Multicap Growth Equity ETF
27.57
3.53
14.68%
AOTG
AOT Growth and Innovation ETF
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HGRO
Hedgeye Quality Growth ETF
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GROZ
Zacks Focus Growth ETF
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SEMG
Suncoast Select Growth ETF
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RILA
Indexperts Gorilla Aggressive Growth ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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