First Trust Active Factor Large Cap ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.0x P/Sales
ratio
2.3x
P/BV
ratio
3.5x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AFLG is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Dec 04, 2019
Assets (mns) $4
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 268
Wgt avg mkt cap (mns) $364,146
Large cap (>$10bn) 91.6%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.7 %
MICROSOFT CORP 4.1 %
AMAZON.COM INC 2.9 %
WAL-MART STORES INC 1.5 %
ALPHABET INC. CLASS A 1.3 %
FACEBOOK 1.2 %
NVIDIA CORP 1.1 %
BRISTOL-MYERS SQUIBB CO 1.1 %
HOME DEPOT INC 1.1 %
JOHNSON & JOHNSON 1.0 %
Total 23.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
IRELAND 1.8 %
SWITZERLAND 0.7 %
BRITAIN 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.4% -- -- -- -3.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $21.25
30d moving avg. $20.82
Annualized volatility 0.0%
Short interest (ETF) 3.3%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 8
Turnover 4.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $122,517

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Active Factor Large Cap ETF ETF based on the alternatives' overlap in portfolio holdings with AFLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AFLG Expense: 55 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AFLG
Ticker Fund
Name
Overlap1
vs AFLG
(%)
Expense
ratio
(bp)
Savings
vs AFLG
(bp)
ALTAR
Score™
(%)
ALTAR
vs AFLG
(%)
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 56.5 9 46 5.3 +0.4
PBP Invesco S&P 500 BuyWrite ETF 53.5 49 6 4.7 -0.2
HSPX Global X S&P 500 Covered Call ETF 53.4 60 -5 4.6 -0.4
SPLG SPDR Portfolio Large Cap ETF 52.9 3 52 5.1 +0.1
SPY SPDR S&P 500 ETF Trust 52.9 9 46 5.0 +0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 52.9 60 -5 4.7 -0.3
IVV iShares Core S&P 500 ETF 52.9 3 52 5.1 +0.1
PBUS Invesco PureBeta MSCI USA ETF 52.5 4 51 4.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 52.5 20 35 5.0 +0.1
VOO VANGUARD S&P 500 ETF 52.5 3 52 5.1 +0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 52.2 7 48 4.9 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 52.1 15 40 4.8 -0.2
ESGV Vanguard ESG U.S. Stock ETF 52.0 12 43 4.8 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 51.7 27 28 5.0 -0.0
EPS WisdomTree U.S. Earnings 500 Fund 51.6 8 47 6.1 +1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 51.5 2 53 4.9 -0.0
SCHX Schwab U.S. Large-Cap ETF 51.1 3 52 4.9 -0.1
VV Vanguard Large-Cap Index Fund 50.9 4 51 4.9 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 50.7 27 28 4.7 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 50.6 3 52 5.2 +0.2
MGC Vanguard Mega Cap Index Fund 50.5 7 48 4.9 -0.1
JHML John Hancock Multifactor Large Cap ETF 50.4 29 26 5.2 +0.2
SCHK Schwab 1000 Index ETF 50.4 5 50 4.9 -0.1
IWB iShares Russell 1000 ETF 50.2 15 40 4.8 -0.2
IYY iShares Dow Jones U.S. ETF 50.1 20 35 4.7 -0.2
IWL iShares Russell Top 200 ETF 49.6 15 40 4.7 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 49.5 20 35 4.7 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 49.2 29 26 4.8 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 49.1 12 43 4.2 -0.8
VTHR Vanguard Russell 3000 Index Fund 49.1 10 45 4.7 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 48.9 0 55 4.9 -0.1
SNPE Xtrackers S&P 500 ESG ETF 48.6 10 45 4.8 -0.2
EFIV SPDR S&P 500 ESG ETF 48.5 10 45 4.8 -0.2
SCHB Schwab U.S. Broad Market ETF 48.4 3 52 4.8 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 48.2 3 52 4.8 -0.2
IWV iShares Russell 3000 ETF 48.2 20 35 4.6 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.8 30 25 6.2 +1.2
ROUS Hartford Multifactor US Equity ETF 47.5 19 36 6.2 +1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 47.5 27 28 4.7 -0.3
SFY SoFi Select 500 ETF 47.4 0 55 4.8 -0.1
IQSU IQ Candriam ESG US Equity ETF 47.3 9 46 4.8 -0.2
QLC FlexShares US Quality Large Cap Index Fund 47.3 32 23 4.9 -0.0
VTI Vanguard Total Stock Market Index Fund 47.3 3 52 4.8 -0.2
VONE Vanguard Russell 1000 ETF 47.2 8 47 4.9 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 46.9 60 -5 3.9 -1.1
EXT WisdomTree U.S. Total Earnings Fund 46.8 28 27 5.3 +0.3
AVUS Avantis U.S. Equity ETF 45.1 15 40 5.2 +0.3
RECS Columbia Research Enhanced Core ETF 44.9 15 40 5.4 +0.4
VOOG Vanguard S&P 500 Growth ETF 44.8 10 45 4.2 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 44.8 15 40 5.5 +0.6
KRMA Global X Conscious Companies ETF 44.4 43 12 4.9 -0.1
IUS Invesco Strategic US ETF 44.4 19 36 5.9 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.2 25 30 6.2 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 44.2 15 40 6.0 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 44.2 29 26 5.3 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 44.1 4 51 4.2 -0.8
IVW iShares S&P 500 Growth ETF 44.1 18 37 4.1 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 44.0 25 30 6.4 +1.4
OEF iShares S&P 100 ETF 44.0 20 35 4.6 -0.4
IUSG iShares Core S&P US Growth ETF 43.7 4 51 4.2 -0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.1 19 36 5.6 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 42.2 28 27 6.1 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 42.2 12 43 5.2 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 42.1 25 30 6.2 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 41.9 39 16 6.3 +1.3
DTD WisdomTree U.S.Total Dividend Fund 41.9 28 27 6.3 +1.4
FLQL Franklin LibertyQ U.S. Equity ETF 41.6 15 40 5.9 +1.0
FDMO Fidelity Momentum Factor ETF 41.5 29 26 3.2 -1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 41.2 9 46 5.3 +0.3
TOK iShares MSCI Kokusai ETF 41.2 25 30 5.2 +0.2
ESG FlexShares STOXX US ESG Impact Index Fund 41.1 32 23 4.8 -0.1
IWF iShares Russell 1000 Growth ETF 41.1 19 36 3.7 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 40.8 8 47 3.8 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 40.6 25 30 5.8 +0.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 40.4 17 38 6.4 +1.4
SPMO Invesco S&P 500 Momentum ETF 40.4 13 42 4.0 -1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 40.2 37 18 5.8 +0.9
SPXT ProShares S&P 500 Ex-Technology ETF 40.2 27 28 5.3 +0.3
QDF FlexShares Quality Dividend Index Fund 39.4 37 18 5.8 +0.8
FQAL Fidelity Quality Factor ETF 39.3 29 26 5.2 +0.2
RWL Invesco S&P 500 Revenue ETF 39.2 39 16 6.7 +1.7
STLC iShares Factors US Blend Style ETF 39.2 25 30 5.0 +0.1
FVAL Fidelity Value Factor ETF 38.9 29 26 7.3 +2.4
MTUM iShares MSCI USA Momentum Factor ETF 38.8 15 40 4.1 -0.9
RSP Invesco S&P 500 Equal Weight ETF 38.7 20 35 6.0 +1.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 38.5 37 18 5.7 +0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 38.5 18 37 5.9 +0.9
URTH iShares MSCI World ETF 38.3 24 31 5.3 +0.3
VLU SPDR S&P 1500 Value Tilt ETF 38.3 12 43 6.7 +1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 37.9 35 20 5.4 +0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 37.9 35 20 5.4 +0.5
VUG Vanguard Growth Index Fund 37.9 4 51 3.7 -1.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 37.7 20 35 7.2 +2.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 37.7 17 38 6.0 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 37.3 49 6 3.9 -1.0
XLG Invesco S&P 500 Top 50 ETF 37.2 20 35 4.3 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.1 9 46 5.5 +0.6
VEGN US Vegan Climate ETF 37.1 60 -5 4.8 -0.2
VOOV Vanguard S&P 500 Value ETF 36.9 10 45 6.9 +1.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Active Factor Large Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.6 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.