First Trust NASDAQ Global Auto Index Fund
ALTAR
Score™
13.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.7x P/Sales
ratio
0.4x
P/BV
ratio
0.8x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ Global Auto Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the NASDAQ OMX Global Auto Index.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2011
Assets (mns) $18
Currency USD
Expense ratio 70 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 32
Wgt avg mkt cap (mns) $57,854
Large cap (>$10bn) 89.5%
Mid cap ($2-10bn) 10.0%
Small cap (<$2bn) 0.6%
Developed mkts 88.7%
Emerging mkts 11.3%

TOP TEN HOLDINGS
TESLA MOTORS INC 20.4 %
TOYOTA MOTOR CORP 7.5 %
HONDA MOTOR CO LTD 7.3 %
GENERAL MOTORS CO 7.2 %
DAIMLER AG-REGISTERED SHARES 6.1 %
HYUNDAI MOTOR CO 3.9 %
GEELY AUTOMOBILE HOLDINGS LT 3.8 %
FUJI HEAVY INDUSTRIES LTD 3.7 %
SUZUKI MOTOR CORP 3.7 %
VOLKSWAGEN AG-PFD 3.5 %
Total 67.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 32.5 %
JAPAN 29.2 %
GERMANY 16.3 %
SOUTH KOREA 6.7 %
FRANCE 5.7 %
CHINA 4.5 %
HONG KONG 4.5 %
TAIWAN 0.3 %
ITALY 0.2 %
MALAYSIA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.1% -0.3% -0.0% -- 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.93 56%
MSCI EAFE 1.14 70%
MSCI Emg. Mkts. 0.78 57%

Technical Indicators
Recent close $33.49
30d moving avg. $34.34
Annualized volatility 15.0%
Short interest (ETF) 1.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $14,493

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CARZ Expense: 70 bp ALTAR Score™: 13.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CARZ
Ticker Fund
Name
Overlap1
vs CARZ
(%)
Expense
ratio
(bp)
Savings
vs CARZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs CARZ
(%)
EKAR Innovation Shares NextGen Vehicles & Technology ETF 30.6 65 5 6.7 -6.4
IDRV iShares Self-driving EV & Tech ETF 27.4 47 23 8.2 -5.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 21.9 70 0 5.4 -7.7
DRIV Global X Autonomous & Electric Vehicles ETF 19.0 68 2 7.1 -6.1
GEX VanEck Vectors Global Alternative Energy ETF 17.7 63 7 3.5 -9.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 16.4 60 10 1.3 -11.9
FTXR First Trust Nasdaq Transportation ETF 15.1 60 10 11.7 -1.5
LIT Global X Lithium & Battery Tech ETF 13.8 75 -5 3.8 -9.3
ARKQ Ark Industrial Innovation ETF 13.2 75 -5 1.2 -12.0
RXI iShares Global Consumer Discretionary ETF 12.4 46 24 6.7 -6.4
EWJV iShares MSCI Japan Value ETF 12.2 15 55 11.2 -1.9
DXJ WisdomTree Japan Hedged Equity Fund 11.8 48 22 9.1 -4.0
LOUP Innovator Loup Frontier Tech ETF 11.0 70 0 3.6 -9.5
ARKK ARK Innovation ETF 10.7 75 -5 -3.1 -16.2
SDG iShares Sustainable MSCI Global Impact ETF 10.5 49 21 5.1 -8.1
ARKW ARK Web x.0 ETF 10.4 76 -6 -0.5 -13.7
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 10.3 50 20 4.5 -8.6
ACES ALPS Clean Energy ETF 10.1 65 5 0.7 -12.5
FGM First Trust Germany AlphaDEX Fund 9.4 80 -10 8.2 -5.0
CHIQ Global X China Consumer ETF 8.8 65 5 4.7 -8.4

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 NASDAQ Global Auto Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 13.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 CATEGORY
AVERAGE
1.55
 
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.