First Trust Dow Jones International Internet ETF
ALTAR
Score™		 2.8% info Recommen-
dation		 AVOID
2020E    2021E
P/E
ratio		 45.6x P/Sales
ratio		 3.5x
P/BV
ratio		 5.7x Div.
yield		 0.2%


  • 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) $11
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 39
Wgt avg mkt cap (mns) $129,687
Large cap (>$10bn) 89.5%
Mid cap ($2-10bn) 6.3%
Small cap (<$2bn) 0.0%
Developed mkts 52.2%
Emerging mkts 47.8%

TOP TEN HOLDINGS
SHOPIFY, INC. CLASS A 9.7 %
TENCENT HOLDINGS LTD 9.4 %
NASPERS LTD-N SHS 8.2 %
MEITUAN DIANPING 8.0 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.8 %
JD.COM INC-ADR 5.6 %
PROSUS N.V. CLASS N 4.2 %
ADYEN NV 3.8 %
BAIDU INC - SPON ADR 3.5 %
NETEASE.COM INC-ADR 3.2 %
Total 63.3 %

TOP COUNTRY EXPOSURE
CHINA 43.8 %
CANADA 9.7 %
NETHERLANDS 9.2 %
SOUTH AFRICA 8.3 %
BRITAIN 6.8 %
JAPAN 5.8 %
SOUTH KOREA 5.7 %
GERMANY 4.1 %
LUXEMBOURG 2.1 %
SINGAPORE 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.6% 47.2% -- -- 33.6%

Market Correlations
versus... Beta R-squared
S&P500 0.92 72%
MSCI EAFE 0.92 59%
MSCI Emg. Mkts. 0.73 54%

Technical Indicators
Recent close $30.75
30d moving avg. $27.89
Annualized volatility 23.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 8
Turnover 2.3%
Bid/Ask (% of price) 0.99%
ADV underlying (mns) $12,560

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Dow Jones International Internet ETF 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™: 2.8%


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 EMQQ The Emerging Markets Internet & Ecommerce ETF 61.6 86 -21 2.3 -0.5
KWEB KraneShares CSI China Internet ETF 43.7 76 -11 3.4 +0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 34.8 32 33 7.0 +4.1
TTTN UP Fintech China-U.S. Internet Titans ETF 34.4 59 6 5.0 +2.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 29.6 80 -15 1.7 -1.1
CHIL Global X MSCI China Large-Cap 50 ETF 28.5 29 36 9.5 +6.7
FLCH Franklin FTSE China ETF 27.2 19 46 9.2 +6.4
GXC SPDR S&P China ETF 26.8 59 6 8.9 +6.1
PGJ Invesco Golden Dragon China ETF 26.3 70 -5 3.4 +0.6
FNI First Trust Chindia ETF 26.2 59 6 3.4 +0.6
DINT Davis Select International ETF 26.2 75 -10 5.8 +3.0
GBUY Goldman Sachs Motif New Age Consumer ETF 26.0 50 15 2.1 -0.7
ECON Columbia Emerging Markets Consumer ETF 25.8 59 6 4.9 +2.1
CQQQ Invesco China Technology ETF 25.4 70 -5 4.3 +1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 25.2 32 33 6.8 +3.9
SOCL Global X Social Media ETF 25.0 65 0 2.3 -0.6
MCHI iShares MSCI China ETF 24.9 59 6 9.1 +6.2
CHIQ Global X China Consumer ETF 24.8 65 0 9.2 +6.3
KALL KraneShares FTSE Emerging Markets Plus ETF 24.3 49 16 9.2 +6.3
PNQI Invesco NASDAQ Internet ETF 24.2 62 3 1.2 -1.6
EBIZ Global X E-Commerce ETF 23.4 50 15 3.0 +0.2
BUYZ Franklin Disruptive Commerce ETF 23.4 50 15 -0.1 -3.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 23.2 55 10 9.2 +6.4
OGIG O'Shares Global Internet Giants ETF 23.0 48 17 0.5 -2.3
BKF iShares MSCI BRIC ETF 22.6 69 -4 8.5 +5.6
FPXI First Trust International Equity Opportunities ETF 22.6 70 -5 2.8 -0.1
CN Xtrackers MSCI All China Equity ETF 22.4 50 15 9.4 +6.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 21.6 18 47 6.1 +3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 21.2 20 45 7.6 +4.8
GIGE SoFi Gig Economy ETF 20.9 59 6 -0.6 -3.5
GMF SPDR S&P Emerging Asia Pacific ETF 20.3 49 16 8.0 +5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 20.1 30 35 8.8 +5.9
SCHE Schwab Emerging Markets Equity ETF 19.9 13 52 8.7 +5.8
NUEM Nuveen ESG Emerging Markets Equity ETF 19.7 45 20 7.8 +5.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.7 14 51 9.5 +6.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 19.7 95 -30 10.1 +7.3
EEMA iShares MSCI Emerging Markets Asia ETF 19.5 50 15 8.4 +5.6
FLAX Franklin FTSE Asia Ex Japan ETF 19.2 19 46 8.5 +5.6
ESGE iShares ESG MSCI EM ETF 18.5 25 40 9.7 +6.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 18.4 68 -3 8.0 +5.1
DWLD Davis Select Worldwide ETF 18.0 64 1 6.6 +3.8
XBUY Amplify International Online Retail ETF 17.9 69 -4 -1.1 -3.9
VWO Vanguard FTSE Emerging Markets ETF 17.7 10 55 8.8 +6.0
EEM iShares MSCI Emerging Markets ETF 17.6 68 -3 8.3 +5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 17.5 65 0 8.4 +5.6
GENY Principal Millennials Index ETF 17.5 45 20 4.0 +1.1
CHIC Global X Nasdaq China Technology ETF 17.4 65 0 4.4 +1.6
ARKF ARK Fintech Innovation ETF 17.1 75 -10 0.8 -2.0
SPEM SPDR Portfolio Emerging Markets ETF 17.0 11 54 8.6 +5.8
FXI iShares China Large-Cap ETF 17.0 74 -9 13.5 +10.7
ISEM Invesco Strategic Emerging Markets ETF 16.3 35 30 10.3 +7.5
DVEM WisdomTree Emerging Markets Dividend Fund 15.9 32 33 9.1 +6.2
IEMG iShares Core MSCI Emerging Markets ETF 15.9 14 51 8.7 +5.8
BICK First Trust BICK Index Fund 15.3 64 1 4.4 +1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 15.0 45 20 8.7 +5.9
AIQ Global X Future Analytics Tech ETF 15.0 68 -3 4.2 +1.3
AIA iShares Asia 50 ETF 14.5 50 15 8.9 +6.1
ESPO VanEck Vectors Video Gaming & eSports ETF 14.4 55 10 3.0 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 14.2 30 35 7.1 +4.3
JOYY Infusive Compounding Global Equities ETF 13.9 50 15 3.9 +1.1
BLOK Amplify Transformational Data Sharing ETF 13.9 70 -5 5.0 +2.2
ONLN ProShares Online Retail ETF 13.8 58 7 1.6 -1.2
IBUY Amplify Online Retail ETF 13.5 65 0 -1.5 -4.4
XNTK SPDR Morgan Stanley Technology ETF 13.5 35 30 4.0 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 13.0 55 10 8.8 +6.0
PLAT WisdomTree Modern Tech Platforms Fund 12.5 45 20 1.3 -1.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 12.4 70 -5 3.0 +0.2
IPOS Renaissance International IPO ETF 11.8 80 -15 5.0 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.7 40 25 7.9 +5.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 11.7 32 33 7.9 +5.1
XITK SPDR FactSet Innovative Technology ETF 10.4 45 20 0.4 -2.4
PEK VanEck Vectors ChinaAMC CSI 300 ETF 9.5 60 5 8.1 +5.3
AVEM Avantis Emerging Markets Equity ETF 9.4 33 32 9.5 +6.7
IXP iShares Global Comm Services ETF 8.7 46 19 5.8 +3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.7 59 6 11.1 +8.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.6 49 16 9.0 +6.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.5 16 49 7.1 +4.3
FLZA Franklin FTSE South Africa ETF 8.2 19 46 11.6 +8.8
EZA iShares MSCI South Africa ETF 8.2 59 6 9.6 +6.8
AFK VanEck Vectors Africa Index ETF 8.2 78 -13 3.0 +0.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.0 68 -3 4.4 +1.5
SKYY First Trust Cloud Computing ETF 7.9 60 5 2.0 -0.9
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 7.8 25 40 2.3 -0.5
ARKW ARK Web x.0 ETF 7.6 76 -11 -0.8 -3.7
HERO Global X Video Games & Esports ETF 7.4 50 15 3.1 +0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.2 45 20 10.0 +7.2
AIIQ AI Powered International Equity ETF 7.0 79 -14 4.1 +1.3
PIE Invesco DWA Emerging Markets Momentum ETF 7.0 90 -25 5.7 +2.9
EMMF WisdomTree Emerging Markets Multifactor Fund 6.8 48 17 9.9 +7.0
EWN iShares MSCI Netherlands ETF 6.6 50 15 5.3 +2.4
VIGI Vanguard International Dividend Appreciation ETF 6.5 25 40 5.9 +3.1
PXH Invesco FTSE RAFI Emerging Markets ETF 6.3 50 15 13.7 +10.9
CLOU Global X Cloud Computing ETF 6.2 68 -3 0.8 -2.1
PIZ Invesco DWA Developed Markets Momentum ETF 6.1 80 -15 4.3 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.0 40 25 7.4 +4.6
VSGX Vanguard ESG International Stock ETF 6.0 17 48 7.4 +4.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.8 32 33 9.5 +6.7
GVIP Goldman Sachs Hedge Industry VIP ETF 5.8 45 20 5.0 +2.2
VEU Vanguard FTSE All-World ex-US Index Fund 5.7 8 57 7.7 +4.9
ACWX iShares MSCI ACWI ex U.S. ETF 5.7 32 33 7.5 +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%.

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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 International Internet 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 18.4 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.33 CATEGORY
AVERAGE		 1.59
 
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.