First Trust Active Factor Large Cap ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
2.7%


  • 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 03, 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 226
Wgt avg mkt cap (mns) $179,684
Large cap (>$10bn) 84.9%
Mid cap ($2-10bn) 15.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.7 %
MICROSOFT CORP 3.5 %
AT&T INC 1.8 %
BRISTOL-MYERS SQUIBB CO 1.7 %
JOHNSON & JOHNSON 1.7 %
CITRIX SYSTEMS INC 1.3 %
MERCK & CO. INC. 1.2 %
WAL-MART STORES INC 1.2 %
INTEL CORP 1.1 %
VERIZON COMMUNICATIONS INC 1.1 %
Total 20.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.9 %
IRELAND 2.8 %
BRITAIN 1.1 %
SWITZERLAND 0.8 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.3% -- -- -- -10.3%

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

Technical Indicators
Recent close $16.13
30d moving avg. $17.75
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $147,445

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™: 7.8%


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
(%)
HSPX Global X S&P 500 Covered Call ETF 49.1 65 -10 6.1 -1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.0 9 46 7.0 -0.8
PBP Invesco S&P 500 BuyWrite ETF 48.2 49 6 6.5 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.1 25 30 8.0 +0.3
IUS Invesco Strategic US ETF 47.1 19 36 7.6 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 47.0 8 47 8.1 +0.4
DIVB iShares U.S. Dividend & Buyback ETF 46.3 25 30 8.4 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.0 25 30 8.1 +0.4
SPY SPDR S&P 500 ETF Trust 45.9 9 46 6.8 -1.0
IVV iShares Core S&P 500 ETF 45.8 4 51 6.8 -0.9
VOO VANGUARD S&P 500 ETF 45.8 3 52 6.8 -0.9
SPLG SPDR Portfolio Large Cap ETF 45.7 3 52 6.9 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 45.7 27 28 6.7 -1.1
PBUS Invesco PureBeta MSCI USA ETF 45.6 4 51 6.8 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.6 20 35 6.8 -1.0
ROUS Hartford Multifactor US Equity ETF 45.5 19 36 8.7 +1.0
MGC Vanguard Mega Cap Index Fund 45.4 7 48 6.6 -1.2
VV Vanguard Large-Cap Index Fund 45.2 4 51 6.7 -1.1
JHML John Hancock Multifactor Large Cap ETF 45.2 34 21 7.1 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 44.9 15 40 6.4 -1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.9 2 53 6.8 -1.0
SPXN ProShares S&P 500 Ex-Financials ETF 44.9 27 28 6.4 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 44.7 15 40 7.0 -0.8
SCHX Schwab U.S. Large-Cap ETF 44.6 3 52 6.7 -1.0
IWL iShares Russell Top 200 ETF 44.2 15 40 6.4 -1.4
VONE Vanguard Russell 1000 ETF 44.1 8 47 6.7 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.1 20 35 6.4 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 43.7 28 27 7.7 -0.0
IWB iShares Russell 1000 ETF 43.6 15 40 6.7 -1.1
RECS Columbia Research Enhanced Core ETF 43.6 15 40 7.2 -0.6
SCHK Schwab 1000 Index ETF 43.6 5 50 6.7 -1.0
SPTM SPDR Portfolio Total Stock Market ETF 43.5 3 52 7.0 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 43.4 12 43 6.4 -1.3
IYY iShares Dow Jones U.S. ETF 43.4 20 35 6.6 -1.1
SNPE Xtrackers S&P 500 ESG ETF 43.3 11 44 6.6 -1.2
DTD WisdomTree U.S.Total Dividend Fund 42.9 28 27 8.2 +0.4
QLC FlexShares US Quality Large Cap Index Fund 42.9 32 23 7.1 -0.6
PRF Invesco FTSE RAFI US 1000 ETF 42.7 39 16 8.8 +1.1
VLU SPDR S&P 1500 Value Tilt ETF 42.4 12 43 9.2 +1.4
VTHR Vanguard Russell 3000 Index Fund 42.3 10 45 6.6 -1.1
EXT WisdomTree U.S. Total Earnings Fund 42.2 28 27 7.3 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.0 3 52 6.7 -1.1
SCHB Schwab U.S. Broad Market ETF 42.0 3 52 6.7 -1.0
VTI Vanguard Total Stock Market Index Fund 41.9 3 52 6.7 -1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 41.8 30 25 7.6 -0.2
IWV iShares Russell 3000 ETF 41.8 20 35 6.5 -1.2
IQSU IQ Candriam ESG US Equity ETF 41.8 9 46 6.4 -1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.7 15 40 6.7 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 41.6 29 26 6.7 -1.0
SFY SoFi Select 500 ETF 41.4 0 55 6.4 -1.4
ESGV Vanguard ESG U.S. Stock ETF 41.4 12 43 6.7 -1.1
AVUS Avantis U.S. Equity ETF 41.3 15 40 7.6 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 41.2 27 28 6.5 -1.3
OEF iShares S&P 100 ETF 40.6 20 35 6.1 -1.6
JQUA JPMorgan U.S. Quality Factor ETF 40.3 12 43 6.4 -1.4
FEX First Trust Large Cap Core AlphaDEX Fund 40.3 60 -5 7.6 -0.1
RWL Invesco S&P 500 Revenue ETF 40.1 39 16 8.8 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.0 60 -5 5.7 -2.1
ESG FlexShares STOXX US ESG Impact Index Fund 39.8 32 23 6.5 -1.3
DGRO iShares Core Dividend Growth ETF 39.7 8 47 8.1 +0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 39.7 17 38 8.4 +0.7
RNLC Large Cap US Equity Select ETF 39.6 60 -5 7.7 -0.1
FDMO Fidelity Momentum Factor ETF 39.6 29 26 5.2 -2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.4 19 36 7.3 -0.5
FVAL Fidelity Value Factor ETF 39.0 29 26 10.5 +2.8
QDEF FlexShares Quality Dividend Defensive Index Fund 38.7 37 18 7.6 -0.2
QDF FlexShares Quality Dividend Index Fund 38.7 37 18 8.5 +0.8
FLQL Franklin LibertyQ U.S. Equity ETF 38.3 15 40 7.7 -0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.9 75 -20 4.7 -3.0
FQAL Fidelity Quality Factor ETF 37.8 29 26 6.8 -1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.8 25 30 8.2 +0.4
NACP Impact Shares NAACP Minority Empowerment ETF 37.7 75 -20 6.0 -1.8
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 37.6 29 26 5.4 -2.4
VOOV Vanguard S&P 500 Value ETF 37.5 15 40 8.8 +1.0
IVE iShares S&P 500 Value ETF 37.5 18 37 8.7 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 37.4 27 28 7.1 -0.7
SPYV SPDR Portfolio S&P 500 Value ETF 37.4 4 51 8.8 +1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.7 29 26 7.8 +0.1
SCHV Schwab U.S. Large-Cap Value ETF 36.6 4 51 8.6 +0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 36.6 19 36 7.9 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 36.4 49 6 5.2 -2.5
IUSV iShares Core S&P U.S. Value ETF 36.4 4 51 9.0 +1.3
IUSG iShares Core S&P US Growth ETF 36.0 4 51 5.7 -2.1
VTV Vanguard Value Index Fund 35.9 4 51 8.8 +1.1
IVW iShares S&P 500 Growth ETF 35.9 18 37 5.4 -2.4
SPYG SPDR Portfolio S&P 500 Growth ETF 35.9 4 51 5.5 -2.2
JVAL JPMorgan U.S. Value Factor ETF 35.9 12 43 11.3 +3.6
VOOG Vanguard S&P 500 Growth ETF 35.9 10 45 5.5 -2.3
FDRR Fidelity Dividend ETF for Rising Rates 35.8 29 26 9.3 +1.5
RSP Invesco S&P 500 Equal Weight ETF 35.7 20 35 8.3 +0.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 35.6 20 35 9.7 +2.0
TOK iShares MSCI Kokusai ETF 35.2 25 30 7.1 -0.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 35.2 37 18 8.7 +1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 34.9 75 -20 6.0 -1.8
RBUS Nationwide Risk-Based U.S. Equity ETF 34.8 30 25 6.8 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 34.8 25 30 7.3 -0.5
OUSA O'Shares FTSE US Quality Dividend ETF 34.5 48 7 6.8 -1.0
SCIU Global X Scientific Beta US ETF 34.4 19 36 7.1 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.4 9 46 7.7 -0.1
VONG Vanguard Russell 1000 Growth Index Fund 34.2 8 47 5.5 -2.3

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 17.1 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.