First Trust Lunt U.S. Factor Rotation ETF
ALTAR
Score™		 4.4% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 23.5x P/Sales
ratio		 2.1x
P/BV
ratio		 2.6x Div.
yield		 1.8%


  • 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) $50
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 169
Wgt avg mkt cap (mns) $45,189
Large cap (>$10bn) 83.3%
Mid cap ($2-10bn) 16.6%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DEXCOM INC 3.4 %
SEATTLE GENETICS INC 2.7 %
LIBERTY BROADBAND CORP. CLASS C 2.5 %
RINGCENTRAL, INC. CLASS A 2.0 %
SAREPTA THERAPEUTICS INC 1.9 %
SBA COMMUNICATIONS CORP. CLASS A 1.6 %
TESLA MOTORS INC 1.4 %
MSCI INC-A 1.3 %
WORKDAY INC-CLASS A 1.2 %
TWILIO, INC. CLASS A 1.2 %
Total 19.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 1.3 %
BERMUDA 1.2 %
SWITZERLAND 0.4 %
BRITAIN 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.1% -14.2% -- -- -8.9%

Market Correlations
versus... Beta R-squared
S&P500 0.97 91%
MSCI EAFE 0.97 84%
MSCI Emg. Mkts. 0.78 74%

Technical Indicators
Recent close $16.98
30d moving avg. $19.01
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 30
Turnover 1.0%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $121,740

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Lunt U.S. Factor Rotation ETF 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™: 4.4%


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
(%)
FTC First Trust Large Cap Growth AlphaDEX Fund 39.5 61 4 4.4 -0.1
FEX First Trust Large Cap Core AlphaDEX Fund 33.2 60 5 8.1 +3.6
PDP Invesco DWA Momentum ETF 32.2 62 3 4.4 0.0
VO Vanguard Mid-Cap Index Fund 30.9 4 61 7.7 +3.2
SCIU Global X Scientific Beta US ETF 30.5 19 46 7.6 +3.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 29.2 9 56 8.1 +3.7
RBUS Nationwide Risk-Based U.S. Equity ETF 28.9 30 35 7.2 +2.8
VOT Vanguard Mid-Cap Growth Index Fund 27.8 7 58 5.0 +0.6
JKH iShares Morningstar Mid-Cap Growth ETF 27.6 30 35 3.6 -0.9
JMOM JPMorgan U.S. Momentum Factor ETF 27.3 12 53 5.2 +0.7
SIZE iShares Edge MSCI USA Size Factor ETF 26.7 15 50 8.3 +3.8
EUSA iShares MSCI USA Equal Weighted ETF 26.2 15 50 8.4 +4.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.1 17 48 9.0 +4.5
RSP Invesco S&P 500 Equal Weight ETF 26.1 20 45 8.8 +4.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.6 30 35 8.1 +3.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.5 9 56 7.3 +2.9
USMV iShares Edge MSCI Min Vol USA ETF 25.4 15 50 6.8 +2.4
AFLG First Trust Active Factor Large Cap ETF 25.1 55 10 7.7 +3.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.8 34 31 6.8 +2.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 24.8 66 -1 4.2 -0.2
IWP iShares Russell Mid-Cap Growth ETF 24.8 24 41 6.0 +1.6
FDMO Fidelity Momentum Factor ETF 24.7 29 36 5.5 +1.1
SPLV Invesco S&P 500 Low Volatility ETF 24.6 25 40 6.7 +2.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 24.6 15 50 5.7 +1.3
JMIN JPMorgan U.S. Minimum Volatility ETF 24.5 12 53 7.2 +2.7
RNLC Large Cap US Equity Select ETF 23.7 60 5 8.2 +3.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 23.3 35 30 7.6 +3.2
IWR iShares Russell Midcap ETF 23.3 19 46 8.0 +3.6
JHML John Hancock Multifactor Large Cap ETF 23.3 34 31 7.5 +3.0
RPG Invesco S&P 500 Pure Growth ETF 23.0 35 30 6.5 +2.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.7 20 45 10.4 +6.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 22.6 19 46 8.3 +3.9
LGLV SPDR Russell 1000 Low Volatility ETF 22.1 12 53 7.1 +2.6
QUS SPDR MSCI USA StrategicFactors ETF 22.0 15 50 7.3 +2.8
VV Vanguard Large-Cap Index Fund 21.8 4 61 7.0 +2.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 21.7 2 63 7.1 +2.6
CFA Victory CEMP US 500 Volatility Weighted Index ETF 21.7 35 30 8.1 +3.6
SCHX Schwab U.S. Large-Cap ETF 21.6 3 62 7.0 +2.6
PBUS Invesco PureBeta MSCI USA ETF 21.6 4 61 7.2 +2.7
QGRO American Century STOXX U.S. Quality Growth ETF 21.4 29 36 4.5 +0.1
ETHO Etho Climate Leadership U.S. ETF 21.4 47 18 6.7 +2.2
TPLC Timothy Plan US Large Cap Core ETF 21.3 52 13 7.3 +2.9
VONE Vanguard Russell 1000 ETF 21.2 8 57 7.0 +2.6
IWB iShares Russell 1000 ETF 21.2 15 50 7.0 +2.5
HSPX Global X S&P 500 Covered Call ETF 21.1 65 0 6.2 +1.7
SCHK Schwab 1000 Index ETF 21.1 5 60 7.0 +2.6
PBP Invesco S&P 500 BuyWrite ETF 21.0 49 16 6.5 +2.1
IYY iShares Dow Jones U.S. ETF 21.0 20 45 6.9 +2.5
VFMO Vanguard U.S. Momentum Factor ETF 20.9 13 52 4.7 +0.3
VTI Vanguard Total Stock Market Index Fund 20.5 3 62 7.0 +2.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.5 75 -10 5.0 +0.5
SCHB Schwab U.S. Broad Market ETF 20.5 3 62 7.0 +2.6
VTHR Vanguard Russell 3000 Index Fund 20.4 10 55 6.9 +2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 20.4 3 62 7.0 +2.5
JQUA JPMorgan U.S. Quality Factor ETF 20.4 12 53 6.6 +2.2
IWV iShares Russell 3000 ETF 20.3 20 45 6.9 +2.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 20.2 29 36 10.6 +6.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 20.2 12 53 6.7 +2.3
SPY SPDR S&P 500 ETF Trust 20.2 9 56 7.1 +2.6
IVV iShares Core S&P 500 ETF 20.1 4 61 7.1 +2.7
SPLG SPDR Portfolio Large Cap ETF 20.1 3 62 7.1 +2.7
VOO VANGUARD S&P 500 ETF 20.1 3 62 7.1 +2.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 20.0 29 36 8.2 +3.8
SFY SoFi Select 500 ETF 19.9 0 65 6.7 +2.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.8 15 50 6.9 +2.5
JHMM John Hancock Multifactor Mid Cap ETF 19.7 44 21 8.3 +3.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.7 25 40 7.7 +3.2
SPXE ProShares S&P 500 Ex-Energy ETF 19.7 27 38 7.0 +2.5
USMF WisdomTree U.S. Multifactor Fund 19.6 28 37 8.1 +3.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.5 17 48 8.9 +4.5
SCHG Schwab U.S. Large-Cap Growth ETF 19.5 4 61 5.6 +1.2
SPTM SPDR Portfolio Total Stock Market ETF 19.5 3 62 7.3 +2.8
AUSF Global X Adaptive U.S. Factor ETF 19.3 27 38 10.5 +6.1
SPXV ProShares S&P 500 Ex-Health Care ETF 19.3 27 38 6.8 +2.4
SPXT ProShares S&P 500 Ex-Technology ETF 19.2 27 38 7.3 +2.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 19.2 29 36 5.6 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.2 20 45 7.1 +2.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.2 60 5 5.6 +1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.1 35 30 5.8 +1.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 19.1 49 16 7.6 +3.2
VUG Vanguard Growth Index Fund 19.1 4 61 5.5 +1.1
VOE Vanguard Mid-Cap Value Index Fund 18.9 7 58 10.8 +6.4
NUMG Nuveen ESG Mid-Cap Growth ETF 18.7 40 25 4.6 +0.1
PSET Principal Price Setters Index ETF 18.5 29 36 7.1 +2.7
ESGU iShares MSCI USA ESG Optimized ETF 18.4 15 50 6.7 +2.2
CATH Global X S&P 500 Catholic Values Custom ETF 18.4 29 36 7.0 +2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.3 20 45 6.6 +2.2
MGC Vanguard Mega Cap Index Fund 18.3 7 58 6.8 +2.4
PMOM Principal Sustainable Momentum Index ETF 18.2 29 36 7.2 +2.7
IWF iShares Russell 1000 Growth ETF 18.2 19 46 5.7 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 18.2 8 57 5.8 +1.3
NULG Nuveen ESG Large-Cap Growth ETF 18.1 35 30 4.8 +0.3
TUSA First Trust Total US Market AlphaDEX ETF 18.0 70 -5 9.4 +4.9
ROUS Hartford Multifactor US Equity ETF 17.9 19 46 9.2 +4.8
ACWV iShares Edge MSCI Min Vol Global ETF 17.9 20 45 6.7 +2.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 17.8 60 5 9.1 +4.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.7 24 41 8.3 +3.9
FDLO Fidelity Low Volatility Factor ETF 17.6 29 36 6.5 +2.1
SPXN ProShares S&P 500 Ex-Financials ETF 17.6 27 38 6.6 +2.2
JKE iShares Morningstar Large-Cap Growth ETF 17.6 25 40 4.7 +0.3

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 Lunt U.S. Factor Rotation ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.51
 
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.