First Trust Global Wind Energy ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Global Wind Energy Fund seeks investment results that correspond generally to the price and yield (before fees & expenses) of the ISE Global Wind Energy Index, an index of companies engaged in that industry.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jun 16, 2008
Assets (mns) $110
Currency USD
Expense ratio 62 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 46
Wgt avg mkt cap (mns) $21,851
Large cap (>$10bn) 55.1%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 19.5%
Developed mkts 91.4%
Emerging mkts 8.6%

TOP TEN HOLDINGS
DONG ENERGY A/S 9.3 %
GAMESA CORP TECNOLOGICA SA 9.0 %
VESTAS WIND SYSTEMS A/S 8.9 %
NORTHLAND POWER INC 8.5 %
BORALEX INC -CL 'A' 6.3 %
CHINA LONGYUAN POWER GROUP-H 4.4 %
INNERGEX RENEWABLE ENERGY 3.6 %
TPI COMPOSITES, INC. 3.2 %
XINJIANG GOLDWIND SCI&TEC-H 3.0 %
TERNA ENERGY SA 2.3 %
Total 58.4 %

TOP COUNTRY EXPOSURE
CANADA 18.5 %
DENMARK 18.2 %
SPAIN 12.9 %
UNITED STATES 10.6 %
CHINA 7.6 %
GERMANY 7.2 %
JAPAN 4.4 %
ITALY 3.1 %
SWITZERLAND 2.5 %
GREECE 2.3 %

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.
-0.8% 10.1% 8.2% 6.3% -3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.82 55%
MSCI EAFE 0.99 70%
MSCI Emg. Mkts. 0.77 67%

Technical Indicators
Recent close $15.09
30d moving avg. $14.32
Annualized volatility 18.6%
Short interest (ETF) 0.3%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 41
Turnover 0.6%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $5,857

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Global Wind Energy ETF ETF based on the alternatives' overlap in portfolio holdings with FAN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FAN Expense: 62 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FAN
Ticker Fund
Name
Overlap1
vs FAN
(%)
Expense
ratio
(bp)
Savings
vs FAN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FAN
(%)
JXI iShares Global Utilities ETF 18.1 46 16 6.1 +0.1
ICLN iShares Global Clean Energy ETF 17.2 46 16 3.0 -3.0
GEX VanEck Vectors Global Alternative Energy ETF 16.9 62 0 4.3 -1.7
ACES ALPS Clean Energy ETF 13.9 65 -3 0.9 -5.2
YLCO Global X YieldCo Index ETF 13.3 65 -3 4.6 -1.4
INFR Legg Mason Global Infrastructure ETF 11.9 40 22 6.2 +0.2
EDEN iShares MSCI Denmark Capped ETF 11.9 53 9 6.2 +0.2
PZD Invesco Cleantech ETF 10.8 68 -6 4.7 -1.4
IGF iShares Global Infrastructure ETF 9.7 46 16 5.5 -0.6
GII SPDR S&P Global Infrastructure ETF 9.6 40 22 5.5 -0.5
PBD Invesco Global Clean Energy ETF 9.4 75 -13 1.6 -4.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 8.5 30 32 7.5 +1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.0 47 15 6.6 +0.5
EZU iShares MSCI Eurozone ETF 7.7 49 13 6.6 +0.6
DTH WisdomTree DEFA Equity Income Fund 7.7 58 4 9.8 +3.8
EURZ Xtrackers Eurozone Equity ETF 7.5 9 53 7.1 +1.1
GXF Global X FTSE Nordic Region ETF 7.4 56 6 11.3 +5.2
GVAL Cambria Global Value ETF 7.4 69 -7 10.8 +4.8
FEZ SPDR EURO STOXX 50 ETF 7.0 29 33 7.2 +1.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.9 45 17 6.8 +0.8
EFV iShares MSCI EAFE Value ETF 6.9 39 23 9.7 +3.7
OEUR O'shares FTSE Europe Quality Dividend ETF 6.7 48 14 6.6 +0.6
DOO WisdomTree International Dividend ex-Financials Fund 6.6 58 4 8.9 +2.9
DGT SPDR Global Dow ETF 6.6 50 12 6.8 +0.8
KGRN KraneShares MSCI China Environment Index ETF 6.5 80 -18 4.8 -1.2
IDMO Invesco S&P International Developed Momentum ETF 6.4 26 36 4.5 -1.5
EXI iShares Global Industrials ETF 6.2 46 16 6.3 +0.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 6.2 20 42 9.6 +3.6
EWP iShares MSCI Spain ETF 6.2 50 12 8.7 +2.6
ECLN First Trust EIP Carbon Impact ETF 6.1 96 -34 3.9 -2.2
IDY Pacific Global International Equity Income ETF 6.1 39 23 8.1 +2.1
DAX Global X DAX Germany ETF 6.0 21 41 7.7 +1.6
IGRO iShares International Dividend Growth ETF 5.9 22 40 8.1 +2.1
DXGE WisdomTree Germany Hedged Equity Fund 5.9 48 14 8.7 +2.7
SDG iShares Sustainable MSCI Global Impact ETF 5.8 49 13 5.6 -0.4
QDEU SPDR MSCI Germany Quality Mix ETF 5.7 14 48 7.5 +1.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.7 70 -8 2.3 -3.7
EWG iShares MSCI Germany ETF 5.7 49 13 6.9 +0.9
DBGR Xtrackers MSCI Germany Hedged Equity ETF 5.7 45 17 7.0 +1.0
FLGR Franklin FTSE Germany ETF 5.6 9 53 7.3 +1.3
IEV iShares Europe ETF 5.5 59 3 6.8 +0.8
FIDI Fidelity International High Dividend ETF 5.5 39 23 11.3 +5.3
FID First Trust S&P International Dividend Aristocrats ETF 5.4 60 2 10.0 +4.0
XKCP SPDR Kensho Clean Power ETF 5.4 45 17 0.3 -5.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 5.4 14 48 7.0 +1.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 5.4 70 -8 4.2 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 5.3 9 53 7.4 +1.4
IQIN IQ 500 International ETF 5.3 25 37 9.1 +3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.3 45 17 6.7 +0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 5.2 30 32 6.9 +0.8
RYU Invesco S&P 500 Equal Weight Utilities ETF 5.2 40 22 6.4 +0.4
JHMU John Hancock Multifactor Utilities ETF 5.2 40 22 6.3 +0.3
PUI Invesco DWA Utilities Momentum ETF 5.2 60 2 4.9 -1.2
FLEH Franklin FTSE Europe Hedged ETF 5.2 9 53 7.1 +1.1
FLEE Franklin FTSE Europe ETF 5.2 9 53 7.0 +1.0
JPEU JPMorgan Diversified Return Europe Equity ETF 5.1 37 25 7.0 +1.0
DWX SPDR S&P International Dividend ETF 5.1 45 17 8.1 +2.1
DTEC ALPS Disruptive Technologies ETF 5.1 50 12 3.5 -2.6
EUMV iShares Edge MSCI Min Vol Europe ETF 5.1 25 37 5.0 -1.0
DOL WisdomTree International LargeCap Dividend Fund 5.1 48 14 8.6 +2.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.1 95 -33 8.2 +2.2
IDOG ALPS International Sector Dividend Dogs ETF 5.0 50 12 11.2 +5.1
EFAS Global X MSCI SuperDividend EAFE ETF 5.0 56 6 10.0 +4.0
VYMI Vanguard International High Dividend Yield ETF 5.0 32 30 10.3 +4.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 5.0 20 42 11.1 +5.1
XLU Utilities Select Sector SPDR Fund 5.0 13 49 6.0 +0.0
FEUZ First Trust Eurozone AlphaDEX ETF 4.9 80 -18 7.8 +1.7
IDU iShares U.S. Utilities ETF 4.9 43 19 5.8 -0.3
VPU Vanguard Utilities Index Fund 4.8 10 52 6.0 -0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.8 39 23 6.7 +0.7
FUTY Fidelity MSCI Utilities Index ETF 4.8 8 54 6.0 -0.0
NUDM Nuveen ESG International Developed Markets Equity ETF 4.8 40 22 7.0 +1.0
WDIV SPDR Global Dividend ETF 4.8 40 22 10.0 +4.0
IEUR iShares Core MSCI Europe ETF 4.7 9 53 7.3 +1.3
FPXI First Trust International Equity Opportunities ETF 4.7 70 -8 3.1 -2.9
VGK Vanguard FTSE Europe ETF 4.7 8 54 7.5 +1.5
FEU SPDR Portfolio Europe ETF 4.6 9 53 7.4 +1.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 4.5 30 32 4.3 -1.7
CHIU Global X MSCI China Utilities ETF 4.4 66 -4 9.4 +3.4
EMLP First Trust North American Energy Infrastructure Fund 4.3 96 -34 6.0 -0.1
IDRV iShares Self-driving EV & Tech ETF 4.3 47 15 7.0 +0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 4.3 35 27 6.9 +0.9
DWM WisdomTree International Equity Fund 4.2 48 14 8.4 +2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.2 35 27 8.6 +2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 4.2 25 37 6.5 +0.5
ESGN Columbia Sustainable International Equity Income ETF 4.1 45 17 10.9 +4.9
FNDF Schwab Fundamental International Large Co. Index ETF 4.1 25 37 9.0 +3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.1 45 17 9.0 +3.0
FXU First Trust Utilities AlphaDEX Fund 4.0 63 -1 6.5 +0.5
IDV iShares International Select Dividend ETF 4.0 49 13 10.3 +4.3
IQSI IQ Candriam ESG International Equity ETF 4.0 15 47 7.3 +1.3
ISDX Invesco Strategic Developed ex-US ETF 3.9 23 39 7.7 +1.7
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 3.9 45 17 10.3 +4.3
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 3.8 50 12 3.9 -2.1
JHMD John Hancock Multifactor Developed International ETF 3.8 39 23 7.5 +1.5
FEP First Trust Europe AlphaDEX Fund 3.8 80 -18 7.7 +1.7
GSID Goldman Sachs MarketBeta International Equity ETF 3.7 20 42 7.4 +1.4
EFA iShares MSCI EAFE ETF 3.7 32 30 7.1 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.6 35 27 7.0 +0.9

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

  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 Global Wind Energy ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.