First Trust Lunt U.S. Factor Rotation ETF
ALTAR
Score™
2.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-139.8x P/Sales
ratio
2.1x
P/BV
ratio
2.4x Div.
yield
1.7%


  • 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 23, 2018
Assets (mns) $99
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 168
Wgt avg mkt cap (mns) $95,632
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 2.8 %
SEATTLE GENETICS INC 2.8 %
RINGCENTRAL, INC. CLASS A 2.5 %
COUPA SOFTWARE, INC. 2.4 %
ADVANCED MICRO DEVICES 2.1 %
OKTA, INC. CLASS A 2.0 %
DOMINO'S PIZZA INC 1.8 %
HALLIBURTON CO 1.8 %
APACHE CORP 1.7 %
WEYERHAEUSER CO 1.6 %
Total 21.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
IRELAND 0.9 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.0% 13.7% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.04 89%
MSCI EAFE 1.11 84%
MSCI Emg. Mkts. 0.82 73%

Technical Indicators
Recent close $25.34
30d moving avg. $24.31
Annualized volatility 23.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 72
Turnover 1.9%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $131,306

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™: 2.9%


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 33.7 61 4 2.6 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund 33.1 60 5 5.8 +2.9
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 28.6 49 16 9.0 +6.1
SPHB Invesco S&P 500 High Beta ETF 28.6 25 40 9.1 +6.2
ALTL Pacer Lunt Large Cap Alternator ETF 28.5 60 5 9.0 +6.0
JMOM JPMorgan U.S. Momentum Factor ETF 27.2 12 53 3.5 +0.6
RPG Invesco S&P 500 Pure Growth ETF 26.4 35 30 4.3 +1.4
PDP Invesco DWA Momentum ETF 26.0 62 3 2.3 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 25.4 9 56 5.8 +2.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 25.3 4 61 5.4 +2.5
VO Vanguard Mid-Cap Index Fund 24.4 4 61 5.1 +2.2
SLT Salt TruBeta High Exposure ETF 24.3 29 36 9.0 +6.0
AUSF Global X Adaptive U.S. Factor ETF 24.2 27 38 7.6 +4.7
EUSA iShares MSCI USA Equal Weighted ETF 23.6 15 50 6.0 +3.1
SIZE iShares Edge MSCI USA Size Factor ETF 23.4 15 50 6.1 +3.2
RSP Invesco S&P 500 Equal Weight ETF 23.4 20 45 6.5 +3.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 23.2 15 50 4.1 +1.1
VOT Vanguard Mid-Cap Growth Index Fund 22.5 7 58 3.1 +0.2
JKH iShares Morningstar Mid-Cap Growth ETF 22.0 30 35 2.1 -0.8
PVAL Principal Contrarian Value Index ETF 22.0 29 36 9.8 +6.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.0 20 45 7.4 +4.4
FDMO Fidelity Momentum Factor ETF 21.9 29 36 3.7 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 21.3 9 56 5.3 +2.4
RNLC Large Cap US Equity Select ETF 21.3 60 5 6.1 +3.1
VUG Vanguard Growth Index Fund 21.2 4 61 3.8 +0.9
TUSA First Trust Total US Market AlphaDEX ETF 21.1 70 -5 5.7 +2.8
SFY SoFi Select 500 ETF 20.9 0 65 5.0 +2.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 20.8 30 35 6.3 +3.4
VLU SPDR S&P 1500 Value Tilt ETF 20.8 12 53 7.2 +4.3
VEGN US Vegan Climate ETF 20.7 60 5 5.0 +2.1
JHML John Hancock Multifactor Large Cap ETF 20.4 29 36 5.4 +2.4
PBUS Invesco PureBeta MSCI USA ETF 20.2 4 61 5.1 +2.1
ESGU iShares MSCI USA ESG Optimized ETF 20.1 15 50 4.9 +2.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 20.1 49 16 2.0 -0.9
VV Vanguard Large-Cap Index Fund 20.0 4 61 5.0 +2.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 20.0 2 63 5.1 +2.2
SCHX Schwab U.S. Large-Cap ETF 19.9 3 62 5.1 +2.2
IWR iShares Russell Midcap ETF 19.9 19 46 5.5 +2.5
FTA First Trust Large Cap Value AlphaDEX Fund 19.9 60 5 9.2 +6.2
SCHG Schwab U.S. Large-Cap Growth ETF 19.8 4 61 3.9 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 19.7 7 58 5.0 +2.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 19.6 34 31 4.7 +1.8
SCHK Schwab 1000 Index ETF 19.5 5 60 5.1 +2.1
VONE Vanguard Russell 1000 ETF 19.5 8 57 5.0 +2.1
IWB iShares Russell 1000 ETF 19.4 15 50 4.9 +2.0
CATH Global X S&P 500 Catholic Values Custom ETF 19.4 29 36 5.0 +2.1
IYY iShares Dow Jones U.S. ETF 19.3 20 45 5.0 +2.1
PBP Invesco S&P 500 BuyWrite ETF 19.3 49 16 4.8 +1.9
SCIU Global X Scientific Beta US ETF 19.3 19 46 5.6 +2.7
SPXV ProShares S&P 500 Ex-Health Care ETF 19.2 27 38 4.8 +1.9
VFMO Vanguard U.S. Momentum Factor ETF 19.1 13 52 0.1 -2.8
VONG Vanguard Russell 1000 Growth Index Fund 19.1 8 57 3.7 +0.8
IWF iShares Russell 1000 Growth ETF 19.1 19 46 3.6 +0.6
HSPX Global X S&P 500 Covered Call ETF 19.1 65 0 4.7 +1.7
RWL Invesco S&P 500 Revenue ETF 18.8 39 26 7.0 +4.1
SPY SPDR S&P 500 ETF Trust 18.8 9 56 5.2 +2.2
AFLG First Trust Active Factor Large Cap ETF 18.8 55 10 5.3 +2.4
IVV iShares Core S&P 500 ETF 18.8 4 61 5.2 +2.3
SPLG SPDR Portfolio Large Cap ETF 18.8 3 62 5.2 +2.3
VOO VANGUARD S&P 500 ETF 18.7 3 62 5.2 +2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 18.7 66 -1 2.2 -0.7
SCHB Schwab U.S. Broad Market ETF 18.7 3 62 5.0 +2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 18.7 3 62 5.0 +2.1
IWV iShares Russell 3000 ETF 18.7 20 45 4.8 +1.9
VTHR Vanguard Russell 3000 Index Fund 18.7 10 55 4.9 +2.0
IWP iShares Russell Mid-Cap Growth ETF 18.5 24 41 2.8 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 18.5 15 50 5.7 +2.8
VTI Vanguard Total Stock Market Index Fund 18.4 3 62 4.9 +2.0
JKE iShares Morningstar Large-Cap Growth ETF 18.3 25 40 2.7 -0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.2 75 -10 3.8 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.2 20 45 4.7 +1.8
MAGA Point Bridge GOP Stock Tracker ETF 18.2 72 -7 6.3 +3.4
PMOM Principal Sustainable Momentum Index ETF 18.1 29 36 8.7 +5.8
JQUA JPMorgan U.S. Quality Factor ETF 18.0 12 53 5.2 +2.3
AVUS Avantis U.S. Equity ETF 18.0 15 50 5.5 +2.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.8 20 45 5.1 +2.2
MGC Vanguard Mega Cap Index Fund 17.8 7 58 5.0 +2.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 17.8 29 36 7.8 +4.9
MGK Vanguard Mega Cap Growth ETF 17.8 7 58 3.9 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 17.7 3 62 5.3 +2.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.7 17 48 6.3 +3.4
PRF Invesco FTSE RAFI US 1000 ETF 17.7 39 26 6.6 +3.7
SPXE ProShares S&P 500 Ex-Energy ETF 17.5 27 38 5.1 +2.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 17.5 25 40 6.2 +3.3
VOOG Vanguard S&P 500 Growth ETF 17.5 10 55 4.1 +1.2
IVW iShares S&P 500 Growth ETF 17.5 18 47 4.0 +1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 17.5 4 61 4.2 +1.2
JKI iShares Morningstar Mid-Cap Value ETF 17.5 30 35 8.9 +5.9
ESGV Vanguard ESG U.S. Stock ETF 17.4 12 53 4.9 +2.0
IUS Invesco Strategic US ETF 17.4 19 46 6.3 +3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.4 29 36 5.8 +2.9
ESG FlexShares STOXX US ESG Impact Index Fund 17.4 32 33 4.9 +1.9
SPMO Invesco S&P 500 Momentum ETF 17.3 13 52 4.1 +1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 17.3 59 6 4.0 +1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 17.3 35 30 4.3 +1.4
EPS WisdomTree U.S. Earnings 500 Fund 17.3 8 57 6.3 +3.4
FXL First Trust Technology AlphaDEX Fund 17.3 61 4 3.2 +0.3
IQSU IQ Candriam ESG US Equity ETF 17.3 9 56 4.9 +2.0
TMFC Motley Fool 100 Index ETF 17.3 50 15 3.3 +0.4
AIEQ AI Powered Equity ETF 17.3 87 -22 3.0 +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 Lunt U.S. Factor Rotation ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.5 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.52
 
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.