First Trust DJ Internet
ALTAR
Score™
3.4% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
29.7x P/Sales
ratio
3.8x
P/BV
ratio
5.3x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Dow Jones Internet Index Fund seeks investment results that correspond to the price and yield of an equity index called Dow Jones Internet Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jun 23, 2006
Assets (mns) $7,654
Currency USD
Expense ratio 52 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 42
Wgt avg mkt cap (mns) $245,404
Large cap (>$10bn) 73.7%
Mid cap ($2-10bn) 22.9%
Small cap (<$2bn) 3.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 9.2 %
FACEBOOK 7.8 %
CISCO SYSTEMS INC 5.7 %
SALESFORCE.COM INC 5.2 %
ALPHABET INC. CLASS C 5.0 %
ALPHABET INC. CLASS A 4.9 %
NETFLIX INC 4.8 %
PAYPAL HOLDINGS INC 4.6 %
EBAY INC 2.8 %
VEEVA SYSTEMS INC-CLASS A 2.6 %
Total 52.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.7% 6.1% 17.0% 19.5% 15.0%

Market Correlations
versus... Beta R-squared
S&P500 1.08 58%
MSCI EAFE 1.00 42%
MSCI Emg. Mkts. 0.78 42%

Technical Indicators
Recent close $132.88
30d moving avg. $133.57
Annualized volatility 17.1%
Short interest (ETF) 0.8%
Short interest (Underlying) 5.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 379
Turnover 0.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $17,844

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FDN Expense: 52 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDN
Ticker Fund
Name
Overlap1
vs FDN
(%)
Expense
ratio
(bp)
Savings
vs FDN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDN
(%)
PNQI Invesco Nasdaq Internet 45.9 62 -10 2.9 -0.5
ENTR ERShares Entrepreneur 30 36.8 49 3 4.0 +0.6
IGM iShares S&P N. American Technology 32.1 46 6 4.6 +1.2
TTTN TigerShares China-U.S. Internet Titans 32.0 59 -7 4.0 +0.6
IETC iShares Evolved U.S. Technology 30.4 18 34 4.8 +1.4
OGIG O'Shares Global Internet Giants 30.1 48 4 1.6 -1.8
XWEB SPDR S&P Internet 29.9 35 17 2.2 -1.2
QYLD Global X NASDAQ 100 Covered Call ETF 29.4 60 -8 4.9 +1.5
QQQ Invesco QQQ 28.5 20 32 5.3 +1.9
PLAT WisdomTree Modern Tech Platforms 28.3 45 7 2.9 -0.5
SKYY First Trust Cloud Computing 26.9 60 -8 2.5 -0.9
TCLD Tortoise Cloud Infrastructure Fund 25.2 40 12 5.1 +1.7
XLC Communication Services Select Sector SPDR 24.7 13 39 6.4 +3.0
FCOM Fidelity MSCI Communication Services 24.4 8 44 5.2 +1.8
VOX Vanguard Communication Services 23.8 10 42 5.4 +2.0
TMFC Motley Fool 100 Index 23.5 50 2 4.4 +1.0
IYW iShares US Technology 23.4 42 10 5.2 +1.8
MILN Global X Millennials Thematic 23.2 50 2 3.0 -0.4
IWY iShares Russell Top 200 Growth 22.6 20 32 5.1 +1.7
IXP iShares S&P Global Comm. Services 22.5 46 6 6.3 +3.0

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%.

Content on this tab for subscribers only**

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 DJ Internet
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 17.7 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.