First Trust BICK Index Fund
ALTAR
Score™
5.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
23.5x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust BICK Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield of the ISE BICK Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 13, 2010
Assets (mns) $134
Currency USD
Expense ratio 64 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 88
Wgt avg mkt cap (mns) $46,077
Large cap (>$10bn) 69.6%
Mid cap ($2-10bn) 24.8%
Small cap (<$2bn) 2.6%
Developed mkts 11.7%
Emerging mkts 88.3%

TOP TEN HOLDINGS
EROS INTERNATIONAL PLC 2.9 %
TATA MOTORS LTD-SPON ADR 2.1 %
STERLITE INDUSTRIES INDI-ADR 1.9 %
WNS HOLDINGS LTD-ADR 1.9 %
INFOSYS TECHNOLOGIES-SP ADR 1.9 %
WIPRO LTD-ADR 1.8 %
ICICI BANK LTD-SPON ADR 1.8 %
RELIANCE INDS-SPONS GDR 144A 1.8 %
DOCTOR REDDY'S LAB-ADR 1.8 %
AXIS BANK LTD- GDR REG S 1.8 %
Total 19.7 %

TOP COUNTRY EXPOSURE
BRAZIL 24.5 %
SOUTH KOREA 24.4 %
CHINA 23.7 %
INDIA 21.9 %
UNITED STATES 2.9 %
HONG KONG 2.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.9% 19.9% 6.0% -- 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.79 41%
MSCI EAFE 1.08 65%
MSCI Emg. Mkts. 0.95 86%

Technical Indicators
Recent close $29.72
30d moving avg. $29.11
Annualized volatility 14.8%
Short interest (ETF) 0.3%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.0%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $10,924

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust BICK Index Fund ETF based on the alternatives' overlap in portfolio holdings with BICK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BICK Expense: 64 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BICK
Ticker Fund
Name
Overlap1
vs BICK
(%)
Expense
ratio
(bp)
Savings
vs BICK
(bp)
ALTAR
Score™
(%)
ALTAR
vs BICK
(%)
FNI First Trust ISE Chindia 26.7 59 5 3.7 -1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity 24.8 49 15 8.5 +3.5
FLKR Franklin FTSE South Korea 23.1 9 55 9.9 +4.9
EWY iShares MSCI Korea 23.0 59 5 9.3 +4.3
XCEM Columbia EM Core ex-China 22.0 16 48 7.3 +2.3
EEB Invesco BRIC 21.9 64 0 6.2 +1.1
CHIL Global X MSCI China Large-Cap 50 21.5 29 35 9.6 +4.6
XSOE WisdomTree Emg Mkt ex-SOE 21.3 32 32 6.4 +1.3
EEMA iShares MSCI Emg Mkts Asia 21.0 50 14 8.2 +3.1
AVEM Avantis Emerging Markets Equity 20.9 33 31 7.9 +2.8
PBEE Invesco PureBeta FTSE Emerging Markets 20.5 14 50 8.6 +3.6
JHEM John Hancock Multifactor Emerging Markets 20.4 55 9 8.4 +3.3
DBEM Xtrackers MSCI Emg. Mkts. Hedged 20.1 65 -1 7.8 +2.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 20.0 30 34 8.0 +3.0
MCHI iShares MSCI China 19.7 59 5 8.4 +3.3
BKF iShares MSCI BRIC 19.7 67 -3 7.9 +2.9
GXC SPDR S&P China ETF 19.5 59 5 8.4 +3.3
FLCH Franklin FTSE China 19.4 19 45 8.8 +3.8
ADRE BLDRs Emerging Markets 50 ADR 19.2 30 34 5.9 +0.8
SPEM SPDR Portfolio Emerging Markets 18.8 11 53 8.0 +2.9

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 BICK Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 64 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.48
 
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.