First Trust Dow Jones Select Microcap Index Fund
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
33.8x P/Sales
ratio
0.7x
P/BV
ratio
1.0x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Dow Jones Select MicroCap Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective is to seek investment results that correspond to the price and yield of The Dow Jones Select MicroCap Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Sep 27, 2005
Assets (mns) $107
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 202
Wgt avg mkt cap (mns) $523
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 99.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PALOMAR HOLDINGS, INC. 2.8 %
KODIAK SCIENCES, INC. 2.5 %
MALIBU BOATS INC - A 2.0 %
MERIDIAN BIOSCIENCE INC 1.9 %
RENEWABLE ENERGY GROUP INC 1.8 %
AXCELIS TECHNOLOGIES, INC. 1.7 %
PHOTRONICS INC 1.3 %
COHU INC 1.3 %
FIRST DEFIANCE FINL CORP 1.2 %
FIRST FOUNDATION, INC. 1.2 %
Total 17.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %
BRITAIN 0.6 %
LUXEMBOURG 0.3 %
BERMUDA 0.1 %







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.
-22.4% -11.8% 3.9% 9.9% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.32 76%
MSCI EAFE 1.38 73%
MSCI Emg. Mkts. 0.99 59%

Technical Indicators
Recent close $38.06
30d moving avg. $38.87
Annualized volatility 25.6%
Short interest (ETF) 3.0%
Short interest (Underlying) 4.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 32
Turnover 1.1%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $777

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Dow Jones Select Microcap Index Fund ETF based on the alternatives' overlap in portfolio holdings with FDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDM Expense: 60 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDM
Ticker Fund
Name
Overlap1
vs FDM
(%)
Expense
ratio
(bp)
Savings
vs FDM
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDM
(%)
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 26.4 39 21 7.7 +0.3
BUY USCF SummerHaven SHPEI Index Fund 17.6 80 -20 10.4 +3.0
IWC iShares Micro-Cap ETF 15.8 60 0 -3.9 -11.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 14.2 29 31 9.8 +2.4
SQLV Legg Mason Small-Cap Quality Value 14.1 62 -2 8.0 +0.5
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 11.5 125 -65 -3.4 -10.9
ROGS Hartford Multifactor Global Small Cap ETF 10.8 34 26 8.0 +0.6
EES WisdomTree SmallCap Earnings Fund 9.7 38 22 11.8 +4.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 9.3 35 25 9.6 +2.1
CSML IQ Chaikin U.S. Small Cap ETF 9.2 35 25 4.2 -3.2
TPSC Timothy Plan US Small Cap Core ETF 9.1 52 8 8.4 +0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 8.5 35 25 8.4 +0.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.4 35 25 10.2 +2.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 8.2 12 48 7.9 +0.5
AIRR First Trust RBA American Industrial Renaissance ETF 7.8 70 -10 7.4 -0.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 6.9 40 20 6.8 -0.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 6.7 35 25 8.3 +0.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 6.7 29 31 1.8 -5.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 6.7 39 21 11.8 +4.4
CALF Pacer US Small Cap Cash Cows 100 ETF 6.4 59 1 13.4 +6.0
VAMO Cambria Value & Momentum ETF 6.2 64 -4 7.7 +0.3
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.1 60 0 10.8 +3.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.9 39 21 4.2 -3.2
DWAS Invesco DWA SmallCap Momentum ETF 5.4 60 0 -1.1 -8.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 5.2 20 40 6.0 -1.4
SSLY Syntax Stratified SmallCap ETF 5.1 30 30 6.3 -1.2
AVUV Avantis U.S. Small Cap Value ETF 4.9 25 35 9.5 +2.0
VTWV Vanguard Russell 2000 Value Index Fund 4.8 15 45 7.5 +0.1
IWN iShares Russell 2000 Value ETF 4.8 24 36 7.4 -0.1
SLYV SPDR S&P 600 Small Cap Value ETF 4.5 15 45 9.4 +2.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 4.5 39 21 7.8 +0.4
IJS iShares S&P Small-cap 600 Value ETF 4.5 25 35 9.3 +1.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 4.4 15 45 9.8 +2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 4.3 29 31 5.7 -1.8
PBW Invesco WilderHill Clean Energy ETF 4.3 70 -10 -4.2 -11.6
DES WisdomTree U.S. SmallCap Dividend Fund 4.2 38 22 8.8 +1.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 4.0 24 36 7.3 -0.1
PSCE Invesco S&P SmallCap Energy ETF 3.9 29 31 -2.3 -9.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 3.9 30 30 11.0 +3.6
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 3.7 38 22 9.2 +1.7
VFLQ Vanguard U.S. Liquidity Factor ETF 3.7 14 46 4.7 -2.7
PSCT Invesco S&P SmallCap Information Technology ETF 3.5 29 31 5.6 -1.8
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 3.5 29 31 9.5 +2.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.4 35 25 6.4 -1.0
VFMF Vanguard U.S. Multifactor ETF 3.4 19 41 7.3 -0.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.3 60 0 8.6 +1.2
ACES ALPS Clean Energy ETF 3.3 65 -5 1.0 -6.5
PSCM Invesco S&P SmallCap Materials ETF 3.1 29 31 10.1 +2.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 3.1 30 30 7.9 +0.4
XRT SPDR S&P Retail ETF 3.1 35 25 6.9 -0.6
PSI Invesco Dynamic Semiconductors ETF 3.1 58 2 4.9 -2.6
IFRA iShares U.S. Infrastructure ETF 3.0 40 20 6.1 -1.4
XSLV Invesco S&P SmallCap Low Volatility ETF 2.9 25 35 6.0 -1.4
IWM iShares Russell 2000 ETF 2.9 19 41 3.7 -3.8
FFTY Innovator IBD 50 ETF 2.8 80 -20 3.5 -3.9
BOUT Innovator IBD Breakout Opportunities ETF 2.8 84 -24 3.2 -4.2
VTWO Vanguard Russell 2000 Index Fund 2.8 10 50 3.7 -3.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.8 80 -20 5.7 -1.8
BFOR Barron's 400 ETF 2.8 65 -5 6.4 -1.0
VFQY Vanguard U.S. Quality Factor ETF 2.8 13 47 6.1 -1.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 2.8 20 40 4.7 -2.7
SLY SPDR S&P 600 Small Cap ETF 2.7 15 45 7.1 -0.3
SPSM SPDR Portfolio Small Cap ETF 2.7 5 55 7.2 -0.2
PSCI Invesco S&P SmallCap Industrials ETF 2.7 29 31 6.7 -0.8
IJR iShares Core S&P Small Cap ETF 2.7 7 53 7.2 -0.3
VIOO Vanguard S&P Small-Cap 600 ETF 2.7 10 50 7.3 -0.2
VFVA Vanguard U.S. Value Factor ETF 2.7 14 46 11.7 +4.3
IUSS Invesco Strategic US Small Company ETF 2.6 23 37 5.5 -1.9
PFI Invesco DWA Financial Momentum ETF 2.6 60 0 3.6 -3.8
FSMD Fidelity Small-Mid Factor ETF 2.6 29 31 7.1 -0.3
PLCY EventShares U.S. Legislative Opportunities ETF 2.5 75 -15 3.7 -3.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 2.4 25 35 6.8 -0.6
SMDV ProShares Russell 2000 Dividend Growers ETF 2.4 40 20 7.6 +0.1
XAR SPDR S&P Aerospace & Defense ETF 2.4 35 25 5.6 -1.9
PBD Invesco Global Clean Energy ETF 2.4 75 -15 1.8 -5.7
PSC Principal U.S. Small Cap Index ETF 2.3 38 22 7.1 -0.3
VFMV Vanguard U.S. Minimum Volatility ETF 2.3 13 47 3.9 -3.5
PWC Invesco Dynamic Market ETF 2.3 59 1 4.9 -2.5
AFSM First Trust Active Factor Small Cap ETF 2.2 75 -15 5.7 -1.7
PXI Invesco DWA Energy Momentum ETF 2.0 60 0 4.1 -3.4
PAVE Global X U.S. Infrastructure Development ETF 2.0 47 13 5.8 -1.6
JSML Janus Henderson Small Cap Growth Alpha ETF 2.0 30 30 7.8 +0.3
XHE SPDR S&P Health Care Equipment ETF 1.9 35 25 1.7 -5.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.8 35 25 6.0 -1.4
ICLN iShares Global Clean Energy ETF 1.8 46 14 3.2 -4.2
PSCH Invesco S&P SmallCap Health Care ETF 1.8 29 31 3.0 -4.4
RYJ Invesco Raymond James SB-1 Equity ETF 1.8 82 -22 3.5 -3.9
FITE SPDR Kensho Future Security ETF 1.8 45 15 4.0 -3.4
SBIO ALPS Medical Breakthroughs ETF 1.7 50 10 -1.9 -9.3
GERM ETFMG Treatments Testing and Advancements ETF 1.6 68 -8 -3.1 -10.5
PSJ Invesco Dynamic Software ETF 1.5 58 2 3.9 -3.5
PSCF Invesco S&P SmallCap Financials ETF 1.5 29 31 11.6 +4.2
RNSC Small Cap US Equity Select ETF 1.5 60 0 7.8 +0.4
SCHA Schwab U.S. Small-Cap ETF 1.5 4 56 4.7 -2.7
IWO iShares Russell 2000 Growth ETF 1.5 24 36 0.8 -6.7
XSHQ Invesco S&P SmallCap Quality ETF 1.5 29 31 6.7 -0.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 1.5 70 -10 4.3 -3.2
FYX First Trust Small Cap Core AlphaDEX Fund 1.4 63 -3 6.7 -0.8
FYC First Trust Small Cap Growth AlphaDEX Fund 1.4 70 -10 2.5 -4.9
VTWG Vanguard Russell 2000 Growth Index Fund 1.4 15 45 0.8 -6.7

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 Dow Jones Select Microcap Index Fund
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 7.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.