First Trust NASDAQ Global Auto
ALTAR
Score™
15.2% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
9.0x P/Sales
ratio
0.4x
P/BV
ratio
0.8x Div.
yield
3.8%


  • 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) $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
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 %
Total 61.5 %

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 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 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 %
info 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.
 

 

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.