First Trust EIP Carbon Impact ETF
ALTAR
Score™
3.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.9x P/Sales
ratio
2.8x
P/BV
ratio
2.2x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First EIP Carbon Impact ETF tracks an index of developed-economy equities of companies committed to a reduction of carbon emissions.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Aug 20, 2019
Assets (mns) $2
Currency USD
Expense ratio 96 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 33
Wgt avg mkt cap (mns) $23,089
Large cap (>$10bn) 72.8%
Mid cap ($2-10bn) 26.2%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEXTERA ENERGY PARTNERS LP 7.9 %
NEXTERA ENERGY GROUP 6.0 %
EVERSOURCE ENERGY 5.6 %
TC PIPELINES LP 5.6 %
ALLIANT ENERGY CORP 4.5 %
XCEL ENERGY INC 4.5 %
CMS ENERGY CORP 4.2 %
SEMPRA ENERGY 4.0 %
AMERICAN WATER WORKS CO INC 3.4 %
WEC ENERGY GROUP INC 3.3 %
Total 49.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.6 %
CANADA 5.3 %
SPAIN 3.6 %
DENMARK 2.6 %
BERMUDA 2.1 %
ITALY 1.3 %
BRITAIN 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.1% -- -- -- -5.5%

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

Technical Indicators
Recent close $19.74
30d moving avg. $20.04
Annualized volatility 0.0%
Short interest (ETF) 4.5%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $4,421

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust EIP Carbon Impact ETF ETF based on the alternatives' overlap in portfolio holdings with ECLN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECLN Expense: 96 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECLN
Ticker Fund
Name
Overlap1
vs ECLN
(%)
Expense
ratio
(bp)
Savings
vs ECLN
(bp)
ALTAR
Score™
(%)
ALTAR
vs ECLN
(%)
UTES Virtus Reaves Utilities ETF 56.1 49 47 4.8 +0.9
EMLP First Trust North American Energy Infrastructure Fund 44.8 96 0 6.0 +2.1
RYU Invesco S&P 500 Equal Weight Utilities ETF 42.8 40 56 6.4 +2.6
XLU Utilities Select Sector SPDR Fund 40.9 13 83 6.0 +2.2
IDU iShares U.S. Utilities ETF 40.0 43 53 5.8 +1.9
VPU Vanguard Utilities Index Fund 39.7 10 86 6.0 +2.1
FUTY Fidelity MSCI Utilities Index ETF 39.5 8 88 6.0 +2.1
JHMU John Hancock Multifactor Utilities ETF 39.2 40 56 6.3 +2.4
PUI Invesco DWA Utilities Momentum ETF 36.6 60 36 4.9 +1.0
JXI iShares Global Utilities ETF 32.2 46 50 6.1 +2.2
FXU First Trust Utilities AlphaDEX Fund 26.5 63 33 6.5 +2.6
GII SPDR S&P Global Infrastructure ETF 19.8 40 56 5.5 +1.6
IGF iShares Global Infrastructure ETF 19.7 46 50 5.5 +1.6
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 17.6 75 21 6.0 +2.2
IFRA iShares U.S. Infrastructure ETF 15.9 40 56 6.3 +2.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 15.2 46 50 5.5 +1.6
GLIF AGFiQ Global Infrastructure ETF 14.3 45 51 5.4 +1.5
DVY iShares Select Dividend ETF 14.0 39 57 10.1 +6.2
TPHD Timothy Plan High Dividend Stock ETF 12.4 52 44 8.0 +4.1
BIBL Inspire ETF 9.9 35 61 4.9 +1.0
TPYP Tortoise North American Pipeline Fund 9.7 40 56 6.3 +2.4
FVD First Trust Value Line Dividend Index Fund 9.7 70 26 6.6 +2.7
LSLT Salt Low truBeta US Market ETF 9.5 29 67 6.1 +2.3
JMIN JPMorgan U.S. Minimum Volatility ETF 9.4 12 84 6.0 +2.1
JKI iShares Morningstar Mid-Cap Value ETF 8.7 30 66 9.6 +5.8
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 8.5 60 36 5.5 +1.6
JDIV JPMorgan U.S. Dividend ETF 8.4 12 84 8.1 +4.3
INFR Legg Mason Global Infrastructure ETF 8.2 40 56 6.2 +2.3
LVHD Legg Mason Low Volatility High Dividend ETF 7.7 27 69 9.1 +5.3
VOE Vanguard Mid-Cap Value Index Fund 7.7 7 89 8.2 +4.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.6 47 49 6.6 +2.7
YLCO Global X YieldCo Index ETF 7.3 65 31 4.6 +0.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 7.1 35 61 9.0 +5.1
KLCD KFA Large Cap Quality Dividend Index ETF 7.1 41 55 5.4 +1.6
YLDE ClearBridge Dividend Strategy ESG ETF 6.9 60 36 5.1 +1.2
ACES ALPS Clean Energy ETF 6.8 65 31 0.9 -3.0
AMLP The Alerian MLP ETF 6.6 87 9 9.1 +5.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.6 15 81 7.0 +3.2
IWS iShares Russell Mid-Cap Value ETF 6.2 24 72 7.5 +3.6
ESGS Columbia Sustainable U.S. Equity Income ETF 6.2 35 61 8.9 +5.0
FAN First Trust Global Wind Energy ETF 6.1 62 34 6.0 +2.2
SPMO Invesco S&P 500 Momentum ETF 6.0 13 83 4.3 +0.5
PWV Invesco Dynamic Large Cap Value ETF 5.7 55 41 9.1 +5.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.7 35 61 8.9 +5.0
MLPA Global X MLP ETF 5.7 46 50 8.9 +5.1
ZMLP Direxion Zacks MLP High Income Shares 5.6 81 15 4.5 +0.7
HDV iShares Core High Dividend ETF 5.6 8 88 6.9 +3.1
SCIU Global X Scientific Beta US ETF 5.5 19 77 5.8 +2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 5.5 18 78 6.4 +2.5
SPYD SPDR S&P 500 High Dividend ETF 5.4 7 89 10.8 +7.0
VYM Vanguard High Dividend Yield Index ETF 5.2 6 90 7.6 +3.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 5.0 30 66 10.2 +6.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 4.9 24 72 6.4 +2.5
SPMV Invesco S&P 500 Minimum Variance ETF 4.8 10 86 5.9 +2.0
MAGA Point Bridge GOP Stock Tracker ETF 4.8 72 24 6.8 +2.9
SPLV Invesco S&P 500 Low Volatility ETF 4.7 25 71 5.7 +1.9
USMV iShares Edge MSCI Min Vol USA ETF 4.7 15 81 5.6 +1.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 4.6 38 58 8.2 +4.4
EQAL Invesco Russell 1000 Equal Weight ETF 4.6 20 76 5.8 +2.0
RBUS Nationwide Risk-Based U.S. Equity ETF 4.5 30 66 5.0 +1.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.5 60 36 0.3 -3.6
XKCP SPDR Kensho Clean Power ETF 4.5 45 51 0.3 -3.6
ACSI American Customer Satisfaction Core Alpha ETF 4.3 66 30 5.8 +1.9
TPLC Timothy Plan US Large Cap Core ETF 4.3 52 44 5.6 +1.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 4.3 35 61 5.4 +1.6
AMZA InfraCap MLP ETF 4.3 241 -145 9.6 +5.7
MLPX Global X MLP & Energy Infrastructure ETF 4.2 45 51 4.0 +0.1
VIG Vanguard Dividend Appreciation Index Fund 4.2 6 90 5.4 +1.6
VONV Vanguard Russell 1000 Value Index Fund 4.2 8 88 7.5 +3.6
QLV FlexShares US Quality Low Volatility Index Fund 4.2 22 74 4.9 +1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 4.2 35 61 6.0 +2.1
VTV Vanguard Value Index Fund 4.1 4 92 7.6 +3.8
IWR iShares Russell Midcap ETF 4.1 19 77 5.7 +1.8
YMLP VanEck Vectors High Income MLP ETF 4.0 45 51 5.6 +1.7
DHS WisdomTree U.S. High Dividend Fund 3.9 38 58 8.9 +5.0
PFM Invesco Dividend Achievers ETF 3.9 54 42 5.5 +1.7
DEF Invesco Defensive Equity ETF 3.9 55 41 5.1 +1.2
SPVM Invesco S&P 500 Value with Momentum ETF 3.9 39 57 9.5 +5.6
FLQL Franklin LibertyQ U.S. Equity ETF 3.9 15 81 6.3 +2.5
VO Vanguard Mid-Cap Index Fund 3.9 4 92 5.5 +1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 3.8 20 76 7.2 +3.4
IVE iShares S&P 500 Value ETF 3.8 18 78 7.5 +3.6
SPYV SPDR Portfolio S&P 500 Value ETF 3.8 4 92 7.6 +3.7
VOOV Vanguard S&P 500 Value ETF 3.7 15 81 7.6 +3.7
PID Invesco International Dividend Achievers ETF 3.7 54 42 9.9 +6.0
DGRO iShares Core Dividend Growth ETF 3.6 8 88 6.8 +2.9
IUSV iShares Core S&P U.S. Value ETF 3.6 4 92 7.7 +3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 3.6 4 92 5.8 +2.0
PEY Invesco High Yield Equity Dividend Achievers ETF 3.6 53 43 9.6 +5.8
ACWV iShares Edge MSCI Min Vol Global ETF 3.5 20 76 5.7 +1.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 3.5 60 36 3.4 -0.5
SDOG ALPS Sector Dividend Dogs ETF 3.5 40 56 10.7 +6.9
IWD iShares Russell 1000 Value ETF 3.5 19 77 7.4 +3.5
GBDV Global Beta Smart Income ETF 3.4 29 67 9.3 +5.4
TBLU Tortoise Water Fund 3.4 40 56 5.0 +1.2
CGW Invesco S&P Global Water Index ETF 3.4 59 37 4.4 +0.5
PIO Invesco Global Water ETF 3.4 75 21 4.0 +0.1
FIW First Trust Water ETF 3.4 55 41 3.9 +0.1
PHO Invesco Water Resources ETF 3.4 60 36 3.7 -0.2
VFMV Vanguard U.S. Minimum Volatility ETF 3.3 13 83 4.0 +0.1

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 EIP Carbon Impact 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 10.2 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 96 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.50
 
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.