First Trust Active Factor Large Cap ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
2.2x
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 269
Wgt avg mkt cap (mns) $355,907
Large cap (>$10bn) 90.7%
Mid cap ($2-10bn) 9.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.7 %
MICROSOFT CORP 4.3 %
AMAZON.COM INC 3.1 %
WAL-MART STORES INC 1.5 %
FACEBOOK 1.3 %
BRISTOL-MYERS SQUIBB CO 1.2 %
ALPHABET INC. CLASS A 1.2 %
NVIDIA CORP 1.1 %
JOHNSON & JOHNSON 1.1 %
GENERAL MILLS INC 1.0 %
Total 23.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
IRELAND 1.7 %
BRITAIN 0.7 %
SWITZERLAND 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.3% -- -- -- 3.3%

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

Technical Indicators
Recent close $19.81
30d moving avg. $20.42
Annualized volatility 0.0%
Short interest (ETF) 1.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $8,376

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™: 6.4%


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 57.4 9 46 6.2 -0.1
SPY SPDR S&P 500 ETF Trust 54.0 9 46 6.1 -0.3
PBP Invesco S&P 500 BuyWrite ETF 53.9 49 6 5.7 -0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 53.7 60 -5 5.7 -0.7
SPLG SPDR Portfolio Large Cap ETF 53.7 3 52 6.1 -0.2
HSPX Global X S&P 500 Covered Call ETF 53.6 60 -5 5.5 -0.8
VOO VANGUARD S&P 500 ETF 53.5 3 52 6.1 -0.2
IVV iShares Core S&P 500 ETF 53.4 3 52 6.1 -0.2
PBUS Invesco PureBeta MSCI USA ETF 53.4 4 51 6.0 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 53.2 7 48 6.0 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.1 20 35 6.1 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 52.8 27 28 6.1 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 52.7 15 40 5.8 -0.6
SCHX Schwab U.S. Large-Cap ETF 52.7 3 52 5.9 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 52.4 8 47 7.2 +0.9
VV Vanguard Large-Cap Index Fund 51.9 4 51 5.9 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 51.9 3 52 6.2 -0.2
JHML John Hancock Multifactor Large Cap ETF 51.8 29 26 6.0 -0.4
SCHK Schwab 1000 Index ETF 51.7 5 50 5.9 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 51.6 27 28 5.8 -0.6
IYY iShares Dow Jones U.S. ETF 51.6 20 35 5.8 -0.6
IWB iShares Russell 1000 ETF 51.5 15 40 5.7 -0.6
MGC Vanguard Mega Cap Index Fund 51.3 7 48 6.0 -0.4
VONE Vanguard Russell 1000 ETF 50.9 8 47 5.8 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.8 12 43 6.2 -0.1
IWL iShares Russell Top 200 ETF 50.5 15 40 5.8 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 50.4 0 55 6.0 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 50.3 20 35 5.7 -0.7
SCHB Schwab U.S. Broad Market ETF 50.2 3 52 5.8 -0.6
ESGV Vanguard ESG U.S. Stock ETF 50.2 12 43 5.9 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 50.2 3 52 5.8 -0.6
VTHR Vanguard Russell 3000 Index Fund 50.2 10 45 5.7 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.0 2 53 6.0 -0.4
IWV iShares Russell 3000 ETF 49.7 20 35 5.6 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 49.6 29 26 5.9 -0.4
ROUS Hartford Multifactor US Equity ETF 49.5 19 36 6.6 +0.2
EXT WisdomTree U.S. Total Earnings Fund 48.7 28 27 6.1 -0.3
SFY SoFi Select 500 ETF 48.5 0 55 5.6 -0.8
QLC FlexShares US Quality Large Cap Index Fund 48.4 32 23 6.0 -0.4
VTI Vanguard Total Stock Market Index Fund 48.4 3 52 5.7 -0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 48.3 30 25 6.7 +0.3
SNPE Xtrackers S&P 500 ESG ETF 48.2 10 45 6.0 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 48.2 27 28 5.8 -0.6
IQSU IQ Candriam ESG US Equity ETF 48.0 9 46 6.2 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 47.4 60 -5 5.4 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 46.7 25 30 7.4 +1.1
AVUS Avantis U.S. Equity ETF 46.4 15 40 6.2 -0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 46.3 75 -20 4.2 -2.2
DIVB iShares U.S. Dividend & Buyback ETF 45.9 25 30 7.3 +0.9
IUS Invesco Strategic US ETF 45.9 19 36 7.1 +0.8
QUS SPDR MSCI USA StrategicFactors ETF 45.7 15 40 6.2 -0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 45.7 17 38 6.6 +0.2
VOOG Vanguard S&P 500 Growth ETF 45.3 10 45 5.8 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 44.8 15 40 7.1 +0.8
IVW iShares S&P 500 Growth ETF 44.8 18 37 5.7 -0.6
RECS Columbia Research Enhanced Core ETF 44.8 15 40 6.6 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.8 25 30 7.4 +1.1
OEF iShares S&P 100 ETF 44.7 20 35 5.9 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 44.6 4 51 5.9 -0.5
IUSG iShares Core S&P US Growth ETF 44.5 4 51 5.8 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.4 19 36 6.8 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 43.3 39 16 7.4 +1.0
JQUA JPMorgan U.S. Quality Factor ETF 42.9 12 43 5.7 -0.7
SCIU Global X Scientific Beta US ETF 42.9 19 36 6.0 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.8 25 30 6.9 +0.5
FLQL Franklin LibertyQ U.S. Equity ETF 42.7 15 40 6.3 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 42.5 28 27 7.1 +0.7
DTD WisdomTree U.S.Total Dividend Fund 42.4 28 27 7.2 +0.9
FDMO Fidelity Momentum Factor ETF 42.4 29 26 4.2 -2.2
TOK iShares MSCI Kokusai ETF 42.1 25 30 6.0 -0.3
IWF iShares Russell 1000 Growth ETF 41.9 19 36 5.6 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 41.8 32 23 5.7 -0.7
VONG Vanguard Russell 1000 Growth Index Fund 41.5 8 47 5.7 -0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.1 29 26 6.4 +0.0
RSP Invesco S&P 500 Equal Weight ETF 40.9 20 35 6.7 +0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 40.9 37 18 7.0 +0.6
SPXT ProShares S&P 500 Ex-Technology ETF 40.8 27 28 5.6 -0.8
KRMA Global X Conscious Companies ETF 40.6 43 12 5.9 -0.5
QDF FlexShares Quality Dividend Index Fund 40.5 37 18 7.0 +0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.3 35 20 5.9 -0.5
RWL Invesco S&P 500 Revenue ETF 40.1 39 16 7.5 +1.1
VLU SPDR S&P 1500 Value Tilt ETF 40.0 12 43 7.7 +1.4
FQAL Fidelity Quality Factor ETF 39.9 29 26 6.3 -0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 39.9 18 37 6.3 -0.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 39.9 35 20 5.9 -0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 39.9 15 40 5.1 -1.3
VUG Vanguard Growth Index Fund 39.3 4 51 5.6 -0.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 39.2 20 35 7.7 +1.4
FVAL Fidelity Value Factor ETF 39.0 29 26 8.6 +2.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 38.8 37 18 7.1 +0.7
SCHG Schwab U.S. Large-Cap Growth ETF 38.8 4 51 5.5 -0.8
FEX First Trust Large Cap Core AlphaDEX Fund 38.7 60 -5 6.1 -0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 38.5 17 38 6.5 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 38.3 15 40 6.2 -0.1
URTH iShares MSCI World ETF 38.2 24 31 6.1 -0.3
XLG Invesco S&P 500 Top 50 ETF 37.8 20 35 5.9 -0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 37.8 75 -20 5.1 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.7 9 46 6.1 -0.2
RNLC Large Cap US Equity Select ETF 37.4 60 -5 6.5 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 37.4 49 6 5.7 -0.7

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 20.0 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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