First Trust Lunt U.S. Factor Rotation
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.0x P/Sales
ratio
1.2x
P/BV
ratio
2.1x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Lunt US Factor Rotation ETF tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score. The fund aims to outperform the broad market over time.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jul 25, 2018
Assets (mns) $68
Currency USD
Expense ratio 65 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 162
Wgt avg mkt cap (mns) $75,231
Large cap (>$10bn) 92.6%
Mid cap ($2-10bn) 7.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DXC TECHNOLOGY CO. 2.6 %
CONCHO RESOURCES INC 1.7 %
HALLIBURTON CO 1.6 %
ULTA SALON COSMETICS & FRAGR 1.5 %
DEVON ENERGY CORPORATION 1.5 %
MOSAIC CO/THE 1.4 %
MSCI INC-A 1.3 %
CIGNA CORP 1.3 %
MASTERCARD INC-CLASS A 1.3 %
MARATHON OIL CORP 1.3 %
Total 15.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 1.3 %
BRITAIN 1.2 %
BERMUDA 0.9 %
CHINA 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
30.9% 30.9% -- -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.98 91%
MSCI EAFE 1.07 77%
MSCI Emg. Mkts. 0.75 59%

Technical Indicators
Recent close $22.62
30d moving avg. $22.79
Annualized volatility 17.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $47,352

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Lunt U.S. Factor Rotation ETF based on the alternatives' overlap in portfolio holdings with FCTR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FCTR Expense: 65 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FCTR
Ticker Fund
Name
Overlap1
vs FCTR
(%)
Expense
ratio
(bp)
Savings
vs FCTR
(bp)
ALTAR
Score™
(%)
ALTAR
vs FCTR
(%)
PSET Principal Price Setters 34.8 29 36 5.2 -1.1
FEX First Trust Large Cap Core Alphadex 33.5 61 4 6.1 -0.2
FTA First Trust Large Cap Value 31.0 62 3 8.3 +2.1
RPV Invesco S&P 500 Pure Value ETF 30.2 35 30 10.7 +4.5
RNLC Large Cap US Equity Select 29.6 60 5 6.0 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 28.4 9 56 5.8 -0.5
SPHB Invesco S&P 500 High Beta 27.6 25 40 6.5 +0.2
RWL Invesco S&P 500 Revenue ETF 27.6 39 26 7.3 +1.0
LVHB Elkhorn Lunt Low Vol/High Beta Tactical 27.6 52 13 6.2 -0.1
RSP Invesco S&P 500 Equal Weight 26.8 20 45 6.4 +0.2
EPS WisdomTree Earnings 500 26.1 8 57 6.6 +0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core 25.9 17 48 6.7 +0.4
SPGP Invesco S&P 500 GARP 25.7 35 30 7.6 +1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 25.5 9 56 5.8 -0.5
DYNF BlackRock U.S. Equity Factor Rotation 25.2 30 35 6.2 -0.0
SPVU Invesco S&P 500 Value 25.2 13 52 10.4 +4.1
KRMA Global X Conscious Companies 25.1 43 22 5.4 -0.8
JHML John Hancock Multifactor Large Cap 24.6 34 31 5.6 -0.6
QUS SPDR MSCI USA Quality Mix 24.6 15 50 5.6 -0.6
DIVB iShares U.S. Dividend & Buyback 24.5 25 40 6.5 +0.2

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 Lunt U.S. Factor Rotation
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 13.3 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.