First Trust Active Factor Large Cap ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
19.4x P/Sales
ratio
2.0x
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) $6
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 270
Wgt avg mkt cap (mns) $306,309
Large cap (>$10bn) 94.8%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.1 %
MICROSOFT CORP 3.5 %
AMAZON.COM INC 2.4 %
ALPHABET INC. CLASS A 2.3 %
TARGET CORP 1.3 %
WAL-MART STORES INC 1.1 %
BERKSHIRE HATHAWAY INC-CL B 1.1 %
VERIZON COMMUNICATIONS INC 1.1 %
QUANTA SERVICES INC 1.0 %
JOHNSON & JOHNSON 1.0 %
Total 19.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 2.6 %
SWITZERLAND 1.0 %
BRITAIN 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
9.0% 21.6% -- -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.01 99%
MSCI EAFE 0.92 90%
MSCI Emg. Mkts. 0.83 78%

Technical Indicators
Recent close $22.87
30d moving avg. $23.13
Annualized volatility 25.3%
Short interest (ETF) 2.2%
Short interest (Underlying) 2.3%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $160,316

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 4.9%


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 53.2 9 46 5.1 +0.2
ESGV Vanguard ESG U.S. Stock ETF 49.9 12 43 4.7 -0.2
JHML John Hancock Multifactor Large Cap ETF 49.7 29 26 5.0 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 48.3 8 47 6.2 +1.3
PBP Invesco S&P 500 BuyWrite ETF 47.6 49 6 4.5 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 47.5 15 40 4.7 -0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 47.5 60 -5 4.4 -0.4
PBUS Invesco PureBeta MSCI USA ETF 47.4 4 51 4.8 -0.1
SPLG SPDR Portfolio Large Cap ETF 47.4 3 52 5.0 +0.1
SPY SPDR S&P 500 ETF Trust 47.4 9 46 4.9 +0.0
IVV iShares Core S&P 500 ETF 47.3 3 52 4.9 +0.1
ROUS Hartford Multifactor US Equity ETF 47.3 19 36 6.3 +1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 47.1 15 40 5.0 +0.1
RESP WisdomTree US ESG Fund of Benef Interest 47.0 28 27 5.5 +0.6
SCHX Schwab U.S. Large-Cap ETF 46.9 3 52 4.8 -0.1
VV Vanguard Large-Cap Index Fund 46.9 4 51 4.8 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 46.9 2 53 4.8 -0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 46.9 7 48 4.7 -0.1
VOO VANGUARD S&P 500 ETF 46.9 3 52 4.9 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 46.5 20 35 4.9 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 46.3 30 25 5.5 +0.7
SCHK Schwab 1000 Index ETF 46.0 5 50 4.7 -0.2
IYY iShares Dow Jones U.S. ETF 45.9 20 35 4.6 -0.3
IWB iShares Russell 1000 ETF 45.9 15 40 4.7 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 45.8 27 28 4.8 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 45.8 27 28 4.5 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 45.7 15 40 5.5 +0.6
SPTM SPDR Portfolio Total Stock Market ETF 45.3 3 52 5.0 +0.1
MGC Vanguard Mega Cap Index Fund 45.0 7 48 4.8 -0.1
VONE Vanguard Russell 1000 ETF 44.9 8 47 4.7 -0.1
DFAU Dimensional US Core Equity Market ETF 44.7 12 43 4.9 -0.0
SCHB Schwab U.S. Broad Market ETF 44.3 3 52 4.6 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 44.3 0 55 4.8 -0.1
IUS Invesco Strategic US ETF 44.2 19 36 5.3 +0.5
VTHR Vanguard Russell 3000 Index Fund 44.2 10 45 4.6 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 44.2 3 52 4.6 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.1 20 35 4.8 -0.1
IWV iShares Russell 3000 ETF 44.1 20 35 4.5 -0.4
SFY SoFi Select 500 ETF 43.8 0 55 4.8 -0.1
IWL iShares Russell Top 200 ETF 43.7 15 40 4.7 -0.2
VTI Vanguard Total Stock Market Index Fund 43.6 3 52 4.6 -0.3
XVV iShares ESG Screened S&P 500 ETF 43.5 8 47 5.0 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 43.3 29 26 4.7 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 42.8 25 30 6.0 +1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 42.5 17 38 6.2 +1.3
AVUS Avantis U.S. Equity ETF 42.5 15 40 5.1 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 42.5 30 25 5.2 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 42.3 27 28 4.5 -0.4
KRMA Global X Conscious Companies ETF 42.3 43 12 5.1 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 41.9 25 30 5.7 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.8 12 43 4.2 -0.7
QLC FlexShares US Quality Large Cap Index Fund 41.4 32 23 4.9 -0.0
PRF Invesco FTSE RAFI US 1000 ETF 41.4 39 16 5.8 +0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.3 60 -5 3.7 -1.2
EFIV SPDR S&P 500 ESG ETF 41.3 10 45 4.9 +0.0
SNPE Xtrackers S&P 500 ESG ETF 41.2 10 45 4.9 +0.0
RWL Invesco S&P 500 Revenue ETF 41.2 39 16 6.1 +1.3
IQSU IQ Candriam ESG US Equity ETF 41.0 9 46 4.7 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.2 25 30 5.6 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.0 15 40 0.0 -4.9
FLQL Franklin LibertyQ U.S. Equity ETF 40.0 15 40 6.1 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.8 19 36 5.3 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 39.6 12 43 5.3 +0.4
FVAL Fidelity Value Factor ETF 39.3 29 26 6.8 +1.9
FEX First Trust Large Cap Core AlphaDEX Fund 39.2 60 -5 5.0 +0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 39.1 35 20 5.3 +0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 39.1 35 20 5.2 +0.4
RECS Columbia Research Enhanced Core ETF 39.0 15 40 5.5 +0.7
OEF iShares S&P 100 ETF 38.9 20 35 4.6 -0.3
RSP Invesco S&P 500 Equal Weight ETF 38.7 20 35 5.4 +0.6
TOK iShares MSCI Kokusai ETF 38.7 25 30 5.0 +0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 38.7 9 46 5.2 +0.3
LRGF iShares Edge MSCI Multifactor USA ETF 38.6 20 35 6.2 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 38.6 32 23 4.8 -0.1
VOOV Vanguard S&P 500 Value ETF 38.4 10 45 6.3 +1.4
FLRG Fidelity U.S. Multifactor ETF 38.0 29 26 6.0 +1.1
RNLC Large Cap US Equity Select ETF 38.0 60 -5 5.3 +0.5
SPXT ProShares S&P 500 Ex-Technology ETF 37.8 27 28 5.1 +0.2
FDLO Fidelity Low Volatility Factor ETF 37.7 29 26 4.6 -0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.6 25 30 5.0 +0.1
STLC iShares Factors US Blend Style ETF 37.6 25 30 5.6 +0.7
VOOG Vanguard S&P 500 Growth ETF 37.6 10 45 4.0 -0.9
ACVF American Conservative Values ETF 37.5 75 -20 4.4 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.4 9 46 5.2 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 37.4 28 27 6.4 +1.5
DTD WisdomTree U.S.Total Dividend Fund 37.0 28 27 6.5 +1.6
HIPR Direxion High Growth ETF 36.9 40 15 4.2 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 36.5 4 51 4.0 -0.9
IVW iShares S&P 500 Growth ETF 36.5 18 37 3.9 -1.0
URTH iShares MSCI World ETF 36.5 24 31 5.1 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 36.5 18 37 5.9 +1.0
FDMO Fidelity Momentum Factor ETF 36.4 29 26 2.8 -2.1
VLU SPDR S&P 1500 Value Tilt ETF 36.3 12 43 6.0 +1.2
IUSG iShares Core S&P US Growth ETF 36.2 4 51 4.0 -0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 36.1 17 38 5.8 +0.9
SCHV Schwab U.S. Large-Cap Value ETF 35.9 4 51 6.2 +1.3
RBUS Nationwide Risk-Based U.S. Equity ETF 35.9 30 25 4.8 -0.0

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 18.4 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.