First Trust Active Factor Large Cap ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.7x P/Sales
ratio
2.0x
P/BV
ratio
3.2x Div.
yield
2.0%


  • 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) $2
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 263
Wgt avg mkt cap (mns) $309,545
Large cap (>$10bn) 90.8%
Mid cap ($2-10bn) 9.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.0 %
MICROSOFT CORP 4.0 %
AMAZON.COM INC 3.3 %
ALPHABET INC. CLASS A 2.2 %
JOHNSON & JOHNSON 1.5 %
WAL-MART STORES INC 1.3 %
BRISTOL-MYERS SQUIBB CO 1.1 %
HOME DEPOT INC 1.1 %
CITRIX SYSTEMS INC 1.1 %
NVIDIA CORP 1.0 %
Total 23.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
IRELAND 2.0 %
BRITAIN 0.9 %
SWITZERLAND 0.8 %
BERMUDA 0.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.3% -- -- -- -7.3%

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

Technical Indicators
Recent close $19.23
30d moving avg. $18.93
Annualized volatility 0.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $172,813

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.5%


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 55.6 9 46 5.5 -0.0
PBP Invesco S&P 500 BuyWrite ETF 53.4 49 6 5.0 -0.5
HSPX Global X S&P 500 Covered Call ETF 52.9 65 -10 4.9 -0.7
SPY SPDR S&P 500 ETF Trust 52.6 9 46 5.3 -0.2
SPLG SPDR Portfolio Large Cap ETF 52.6 3 52 5.4 -0.1
IVV iShares Core S&P 500 ETF 52.5 4 51 5.4 -0.2
VOO VANGUARD S&P 500 ETF 52.4 3 52 5.4 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 52.1 27 28 5.3 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 51.9 20 35 5.3 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 51.8 7 48 5.2 -0.4
PBUS Invesco PureBeta MSCI USA ETF 51.6 4 51 5.2 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 51.3 8 47 6.5 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 51.2 15 40 5.1 -0.5
JHML John Hancock Multifactor Large Cap ETF 51.2 29 26 5.5 +0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 51.1 2 53 5.3 -0.3
VV Vanguard Large-Cap Index Fund 51.0 4 51 5.2 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 50.9 27 28 4.9 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 50.7 0 55 5.2 -0.4
SCHX Schwab U.S. Large-Cap ETF 50.7 3 52 5.2 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.3 12 43 4.9 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 50.1 3 52 5.5 -0.0
MGC Vanguard Mega Cap Index Fund 50.1 7 48 5.2 -0.3
SCHK Schwab 1000 Index ETF 49.7 5 50 5.2 -0.3
IWL iShares Russell Top 200 ETF 49.6 15 40 5.0 -0.6
VONE Vanguard Russell 1000 ETF 49.5 8 47 5.2 -0.3
IYY iShares Dow Jones U.S. ETF 49.3 20 35 5.1 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 49.3 29 26 5.2 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 49.2 20 35 4.9 -0.6
IWB iShares Russell 1000 ETF 49.2 15 40 5.1 -0.4
SNPE Xtrackers S&P 500 ESG ETF 48.1 11 44 5.0 -0.5
QLC FlexShares US Quality Large Cap Index Fund 48.0 32 23 5.3 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 47.9 27 28 4.9 -0.6
SCHB Schwab U.S. Broad Market ETF 47.9 3 52 5.2 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.7 3 52 5.1 -0.4
VTHR Vanguard Russell 3000 Index Fund 47.6 10 45 5.1 -0.4
VTI Vanguard Total Stock Market Index Fund 47.6 3 52 5.1 -0.4
IWV iShares Russell 3000 ETF 47.4 20 35 5.0 -0.5
IQSU IQ Candriam ESG US Equity ETF 47.3 9 46 5.0 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 47.1 25 30 6.6 +1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 46.7 15 40 6.2 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 46.5 25 30 6.6 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 46.5 15 40 5.8 +0.3
SFY SoFi Select 500 ETF 46.5 0 55 5.2 -0.3
EXT WisdomTree U.S. Total Earnings Fund 46.4 28 27 5.2 -0.3
AVUS Avantis U.S. Equity ETF 46.1 15 40 5.7 +0.2
RECS Columbia Research Enhanced Core ETF 45.7 15 40 5.6 +0.1
ESGV Vanguard ESG U.S. Stock ETF 45.7 12 43 5.1 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 45.6 60 -5 4.3 -1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 45.3 75 -20 3.7 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.2 25 30 6.6 +1.1
IUS Invesco Strategic US ETF 45.2 19 36 6.7 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 45.0 12 43 5.2 -0.3
OEF iShares S&P 100 ETF 44.9 20 35 4.7 -0.8
ROUS Hartford Multifactor US Equity ETF 44.7 19 36 7.3 +1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.6 30 25 6.5 +1.0
FDMO Fidelity Momentum Factor ETF 44.5 29 26 3.7 -1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.9 19 36 5.6 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 43.3 39 16 6.9 +1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 42.9 4 51 4.2 -1.3
IVW iShares S&P 500 Growth ETF 42.8 18 37 4.1 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 42.8 17 38 6.6 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 42.7 28 27 6.4 +0.9
VOOG Vanguard S&P 500 Growth ETF 42.7 10 45 4.2 -1.3
DTD WisdomTree U.S.Total Dividend Fund 42.6 28 27 6.7 +1.2
QDF FlexShares Quality Dividend Index Fund 42.6 37 18 6.1 +0.6
SCIU Global X Scientific Beta US ETF 42.5 19 36 5.8 +0.3
IUSG iShares Core S&P US Growth ETF 42.5 4 51 4.3 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 42.4 27 28 5.6 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 42.3 8 47 4.1 -1.4
KRMA Global X Conscious Companies ETF 41.9 43 12 5.1 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.3 25 30 6.6 +1.1
FVAL Fidelity Value Factor ETF 41.2 29 26 8.0 +2.5
RWL Invesco S&P 500 Revenue ETF 41.1 39 16 7.3 +1.8
FQAL Fidelity Quality Factor ETF 40.8 29 26 5.4 -0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 40.7 29 26 6.2 +0.7
TOK iShares MSCI Kokusai ETF 40.5 25 30 5.5 0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 40.5 9 46 5.7 +0.1
IWF iShares Russell 1000 Growth ETF 40.3 19 36 4.0 -1.5
QDEF FlexShares Quality Dividend Defensive Index Fund 40.1 37 18 5.9 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 40.1 32 23 5.0 -0.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 39.9 37 18 6.2 +0.7
FLQL Franklin LibertyQ U.S. Equity ETF 39.9 15 40 6.3 +0.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 39.9 15 40 4.0 -1.5
RSP Invesco S&P 500 Equal Weight ETF 39.5 20 35 6.8 +1.3
XLG Invesco S&P 500 Top 50 ETF 39.1 20 35 4.4 -1.1
RNLC Large Cap US Equity Select ETF 39.1 60 -5 6.4 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 38.9 75 -20 4.5 -1.1
WOMN Impact Shares YWCA Women's Empowerment ETF 38.8 75 -20 4.4 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 38.4 49 6 4.0 -1.5
VLU SPDR S&P 1500 Value Tilt ETF 38.4 12 43 7.5 +2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 38.3 18 37 6.3 +0.8
HIPR Direxion High Growth ETF 38.2 40 15 2.8 -2.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 37.9 35 20 5.9 +0.4
URTH iShares MSCI World ETF 37.8 24 31 5.6 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 37.6 4 51 4.0 -1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.3 9 46 5.9 +0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 37.3 20 35 7.7 +2.2
DGRO iShares Core Dividend Growth ETF 37.0 8 47 6.7 +1.2
IWY iShares Russell Top 200 Growth ETF 36.9 20 35 4.0 -1.5
VUG Vanguard Growth Index Fund 36.9 4 51 3.9 -1.6

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 18.0 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.52
 
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.