ETF Research Center

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)	$19
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)	$48,351
Large cap (>$10bn)	88.3%
Mid cap ($2-10bn)	11.1%
Small cap (<$2bn)	0.6%
Developed mkts	88.8%
Emerging mkts	11.2%

TOP TEN HOLDINGS
Total	61.5 %
HONDA MOTOR CO LTD	8.6 %
DAIMLER AG-REGISTERED SHARES	8.4 %
TOYOTA MOTOR CORP	7.8 %
GENERAL MOTORS CO	7.0 %
FORD MOTOR CO	6.9 %
TESLA MOTORS INC	5.5 %
VOLKSWAGEN AG-PFD	4.5 %
BAYERISCHE MOTOREN WERKE AG	4.4 %
PORSCHE AUTOMOBIL HLDG-PFD	4.2 %
SUZUKI MOTOR CORP	4.2 %

TOP COUNTRY EXPOSURE
	JAPAN	33.1 %
	GERMANY	21.4 %
	UNITED STATES	21.4 %
	FRANCE	7.2 %
	SOUTH KOREA	6.8 %
	HONG KONG	4.5 %
	CHINA	4.2 %
	TAIWAN	0.3 %
	ITALY	0.2 %
	MALAYSIA	0.1 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru October 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
9.8%	1.2%	0.4%	--	3.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.93	54%
MSCI EAFE	1.15	71%
MSCI Emg. Mkts.	0.81	58%

Technical Indicators
Recent close	$33.74
30d moving avg.	$33.80
Annualized volatility	15.2%
Short interest (ETF)	2.6%
Relative strength (RSI)	64

Liquidity measures
Avg. volume (thou.)	2
Turnover	0.4%
Bid/Ask (% of price)	0.32%
ADV underlying (mns)	$4,084

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust NASDAQ Global Auto 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™:

15.2%

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	28.5	95	-25	7.1	-8.1
IDRV	iShares Self-driving EV & Tech	26.6	47	23	9.1	-6.1
KARS	KraneShares Electric Vehicles & Future Mobility Index	22.2	70	0	6.8	-8.3
DRIV	Global X Autonomous & Electric Vehicles	19.2	68	2	7.7	-7.4
RXI	iShares S&P Global Consumer Discretionary	14.1	46	24	6.9	-8.3
EWJV	iShares MSCI Japan Value	12.8	15	55	10.2	-5.0
DXGE	WisdomTree Germany Hedged Equity	12.3	48	22	9.5	-5.7
DXJ	WisdomTree Japan Hedged Equity	12.3	48	22	8.7	-6.4
FGM	First Trust Germany	12.2	80	-10	9.1	-6.1
FTXR	First Trust Nasdaq Transportation	11.4	60	10	10.5	-4.7
EWG	iShares MSCI Germany	10.0	47	23	7.8	-7.3
QDEU	SPDR MSCI Germany Quality Mix	9.9	14	56	8.4	-6.8
DBGR	Xtrackers MSCI Germany Hedged	9.7	45	25	7.8	-7.4
DAX	Global X DAX Germany	9.4	20	50	8.8	-6.4
FLGR	Franklin FTSE Germany	9.4	9	61	8.1	-7.1
LVHI	Legg Mason International Low Volatility High Dividend	8.9	40	30	9.2	-6.0
CHIQ	Global X MSCI China Consumer Discretionary	8.7	65	5	5.5	-9.7
REFA	Invesco International Revenue ETF	8.4	42	28	8.9	-6.3
DOO	WisdomTree Int'l Dividend Ex-Financials	8.1	58	12	8.1	-7.0
FIDI	Fidelity International High Dividend	7.7	39	31	10.2	-5.0

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	**	**	**	**	**	**	**
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

	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 NASDAQ Global Auto
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	12.4	%
Divided by: Fwd. P/BV	0.8	x
Less: Expense ratio	70	bp
Equals: ALTAR Score	15.2	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.62	CATEGORY AVERAGE	1.54

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.