First Trust Dow Jones International Internet
ALTAR
Score™
4.5% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
40.3x P/Sales
ratio
3.2x
P/BV
ratio
4.2x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Dow Jones International Internet ETF tracks a market-cap-weighted index of the 20 largest internet services companies and 20 largest internet commerce companies outside of the United States.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Oct 31, 2018
Assets (mns) $5
Currency USD
Expense ratio 65 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $117,199
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 16.4%
Small cap (<$2bn) 0.0%
Developed mkts 45.1%
Emerging mkts 54.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 10.2 %
TENCENT HOLDINGS LTD 9.3 %
NASPERS LTD-N SHS 8.8 %
MEITUAN DIANPING 7.2 %
BAIDU INC - SPON ADR 5.3 %
SHOPIFY, INC. CLASS A 5.1 %
JD.COM INC-ADR 4.5 %
NETEASE.COM INC-ADR 3.5 %
NHN CORP 3.3 %
ADYEN NV 2.8 %
Total 59.9 %

TOP COUNTRY EXPOSURE
CHINA 46.4 %
BRITAIN 8.3 %
SOUTH AFRICA 8.2 %
JAPAN 6.8 %
SOUTH KOREA 5.6 %
CANADA 5.5 %
NETHERLANDS 4.6 %
GERMANY 3.7 %
LUXEMBOURG 2.2 %
SINGAPORE 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
28.0% -- -- -- 18.6%

Market Correlations
versus... Beta R-squared
S&P500 1.12 83%
MSCI EAFE 1.33 68%
MSCI Emg. Mkts. 1.07 64%

Technical Indicators
Recent close $22.94
30d moving avg. $22.32
Annualized volatility 21.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $8,623

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FDNI Expense: 65 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDNI
Ticker Fund
Name
Overlap1
vs FDNI
(%)
Expense
ratio
(bp)
Savings
vs FDNI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDNI
(%)
EMQQ Emerging Markets Internet & E-Commerce 47.7 86 -21 3.9 -0.7
KWEB KraneShares CSI China Internet 44.6 76 -11 3.9 -0.7
TTTN TigerShares China-U.S. Internet Titans 38.2 59 6 3.9 -0.6
CQQQ Invesco China Technology 37.2 70 -5 5.3 +0.8
CXSE WisdomTree China ex-State Owned Enterprises 33.7 32 33 7.0 +2.5
KEMQ KraneShares EM Consumer Focus 31.2 80 -15 7.8 +3.2
SOCL Global X Social Media 28.7 65 0 4.4 -0.2
FLCH Franklin FTSE China 28.0 19 46 10.0 +5.5
CHIL Global X MSCI China Large-Cap 50 27.7 29 36 10.5 +5.9
PGJ Invesco Golden Dragon China 26.7 70 -5 3.7 -0.8
GXC SPDR S&P China ETF 26.6 59 6 9.2 +4.6
MCHI iShares MSCI China 26.5 59 6 9.4 +4.8
FNI First Trust ISE Chindia 26.2 59 6 4.0 -0.5
ECON Columbia Emerging Markets Consumer 24.4 59 6 5.1 +0.5
PNQI Invesco Nasdaq Internet 24.4 62 3 2.8 -1.7
KALL KraneShares MSCI China All Shares 24.1 49 16 9.0 +4.5
EBIZ Global X E-commerce 24.1 68 -3 2.8 -1.7
OGIG O'Shares Global Internet Giants 23.9 48 17 1.5 -3.1
EEB Invesco BRIC 22.8 64 1 6.6 +2.1
CN Xtrackers Harvest MSCI All China 22.0 50 15 9.3 +4.7

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%.

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 Dow Jones International 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 19.7 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.30 CATEGORY
AVERAGE
1.63
 
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.