First Trust FTSE EPRA/NAREIT Developed Markets Real Estate
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.1x P/Sales
ratio
5.9x
P/BV
ratio
1.2x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust EPRA/NAREIT Global Real Estate Index Fund seeks to track the performance of the FTSE EPRA/NAREIT Global Real Estate Index.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Aug 27, 2007
Assets (mns) $35
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 339
Wgt avg mkt cap (mns) $13,169
Large cap (>$10bn) 47.1%
Mid cap ($2-10bn) 43.6%
Small cap (<$2bn) 8.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROLOGIS INC 5.1 %
DIGITAL REALTY TRUST INC 2.8 %
DEUTSCHE ANNINGTON IMMOBILIE 2.5 %
PUBLIC STORAGE 2.2 %
AVALONBAY COMMUNITIES INC 1.6 %
WELLTOWER, INC. 1.6 %
EQUITY RESIDENTIAL 1.6 %
SIMON PROPERTY GROUP INC 1.5 %
REALTY INCOME CORP 1.5 %
ALEXANDRIA REAL ESTATE EQUIT 1.5 %
Total 22.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.9 %
JAPAN 9.7 %
HONG KONG 4.9 %
GERMANY 4.8 %
BRITAIN 3.4 %
SINGAPORE 3.2 %
AUSTRALIA 3.1 %
CANADA 2.2 %
SWEDEN 1.5 %
SWITZERLAND 1.3 %

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.
-21.1% -16.2% 1.7% 6.5% 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.80 57%
MSCI EAFE 0.88 61%
MSCI Emg. Mkts. 0.65 53%

Technical Indicators
Recent close $38.86
30d moving avg. $38.75
Annualized volatility 17.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $17,093

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust FTSE EPRA/NAREIT Developed Markets Real Estate ETF based on the alternatives' overlap in portfolio holdings with FFR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FFR Expense: 60 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FFR
Ticker Fund
Name
Overlap1
vs FFR
(%)
Expense
ratio
(bp)
Savings
vs FFR
(bp)
ALTAR
Score™
(%)
ALTAR
vs FFR
(%)
RWO SPDR Dow Jones Global Real Estate ETF 76.2 50 10 7.0 -0.2
REET iShares Global REIT ETF 75.3 14 46 7.4 +0.2
FREL Fidelity MSCI Real Estate Index ETF 53.9 8 52 6.6 -0.5
VNQ Vanguard REIT Index Fund 53.9 12 48 6.6 -0.6
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 53.9 11 49 7.4 +0.2
FRI First Trust S&P REIT Index Fund 53.9 50 10 7.0 -0.1
SCHH Schwab U.S. REIT ETF 53.6 7 53 6.6 -0.5
USRT iShares Core U.S. REIT ETF 53.6 8 52 7.4 +0.3
RWR SPDR Dow Jones REIT ETF 50.6 25 35 7.4 +0.3
IYR iShares U.S. Real Estate ETF 50.5 42 18 6.5 -0.7
PSR Invesco Active U.S. Real Estate Fund 48.4 35 25 6.3 -0.9
PPTY PPTY-U.S. Diversified Real Estate ETF 45.6 53 7 6.4 -0.7
GQRE FlexShares Global Quality Real Estate Index Fund 40.1 45 15 6.9 -0.3
IFGL iShares International Developed Real Estate ETF 39.0 48 12 7.6 +0.4
WPS iShares International Developed Property ETF 38.8 48 12 7.9 +0.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 38.7 10 50 9.1 +1.9
VNQI Vanguard Global ex-US Real Estate Index Fund 38.2 12 48 9.9 +2.8
ICF iShares Cohen & Steers REIT ETF 32.3 34 26 6.0 -1.2
XLRE The Real Estate Select Sector SPDR Fund 30.6 13 47 5.6 -1.6
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 28.8 40 20 6.9 -0.2
DRW WisdomTree Global ex-US Real Estate Fund 27.4 58 2 10.6 +3.4
RWX SPDR Dow Jones International Real Estate ETF 26.4 59 1 6.6 -0.5
REZ iShares Residential Real Estate Capped ETF 21.7 48 12 6.2 -0.9
GRI ALPS REIT Dividend Dogs ETF 18.2 35 25 16.6 +9.4
RORE Hartford Multifactor REIT ETF 18.1 45 15 15.3 +8.1
HOMZ Hoya Capital Housing ETF 17.5 45 15 7.8 +0.7
NURE Nuveen Short-Term REIT ETF 16.6 35 25 7.3 +0.1
IFEU iShares Europe Development Real Estate ETF 15.1 48 12 6.5 -0.7
IYF iShares U.S. Financials ETF 14.7 42 18 7.2 +0.0
JKG iShares Morningstar Mid-Cap ETF 14.6 25 35 5.6 -1.6
DON WisdomTree U.S. MidCap Dividend Fund 13.1 38 22 7.8 +0.6
IWS iShares Russell Mid-Cap Value ETF 12.0 24 36 7.3 +0.1
LGLV SPDR Russell 1000 Low Volatility ETF 11.7 12 48 5.7 -1.5
QDIV Global X S&P 500 Quality Dividend ETF 11.1 20 40 7.7 +0.5
PVAL Principal Contrarian Value Index ETF 10.0 29 31 10.2 +3.0
SPYD SPDR S&P 500 High Dividend ETF 10.0 7 53 10.4 +3.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 9.8 35 25 5.4 -1.8
LVHD Legg Mason Low Volatility High Dividend ETF 9.7 27 33 8.8 +1.7
DHS WisdomTree U.S. High Dividend Fund 9.5 38 22 8.7 +1.5
ONEY SPDR Russell 1000 Yield Focus ETF 9.5 20 40 9.4 +2.2
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 9.3 60 0 4.2 -2.9
DWX SPDR S&P International Dividend ETF 9.0 45 15 8.0 +0.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 8.9 7 53 5.5 -1.6
EPP iShares MSCI Pacific ex-Japan ETF 8.8 48 12 6.6 -0.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.7 30 30 9.8 +2.7
VRAI Virtus Real Asset Income ETF 8.7 55 5 11.2 +4.1
PFI Invesco DWA Financial Momentum ETF 8.5 60 0 3.6 -3.5
SCHM Schwab U.S. Mid-Cap ETF 8.4 4 56 6.3 -0.8
MDY SPDR S&P Midcap 400 ETF Trust 8.4 23 37 6.5 -0.7
IJH iShares Core S&P Mid-Cap ETF 8.3 6 54 6.7 -0.5
SCIX Global X Scientific Beta Asia ex-Japan ETF 8.3 38 22 6.8 -0.4
SPMD SPDR Portfolio Mid Cap ETF 8.3 5 55 6.7 -0.5
VBR Vanguard Small Cap Value Index Fund 8.2 7 53 8.5 +1.3
NUMV Nuveen ESG Mid-Cap Value ETF 8.2 40 20 7.8 +0.6
IVOO Vanguard S&P Mid-Cap 400 ETF 8.2 10 50 6.5 -0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 7.8 15 45 8.8 +1.6
IJJ iShares S&P Mid-Cap 400 Value ETF 7.8 25 35 8.7 +1.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.7 15 45 8.7 +1.5
RTL Pacer Benchmark Retail Real Estate SCTR ETF 7.7 60 0 0.0 -7.2
CZA Invesco Zacks Mid-Cap ETF 7.7 76 -16 6.3 -0.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.6 25 35 6.8 -0.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 7.6 60 0 5.4 -1.8
JHSC John Hancock Multifactor Small Cap ETF 7.5 42 18 6.0 -1.2
FSMD Fidelity Small-Mid Factor ETF 7.5 29 31 7.1 -0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.4 38 22 8.0 +0.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 7.4 6 54 5.4 -1.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.4 24 36 7.3 +0.1
VB Vanguard Small-Cap ETF 7.3 5 55 5.4 -1.7
RNMC Mid Cap US Equity Select ETF 7.2 60 0 7.8 +0.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 7.2 19 41 6.9 -0.3
JDIV JPMorgan U.S. Dividend ETF 7.2 12 48 7.9 +0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 7.1 17 43 5.2 -2.0
VOT Vanguard Mid-Cap Growth Index Fund 7.0 7 53 3.5 -3.7
IWR iShares Russell Midcap ETF 7.0 19 41 5.7 -1.5
NETL NETLease Corporate Real Estate ETF 6.9 60 0 8.1 +0.9
SFYX Sofi Next 500 ETF 6.8 0 60 6.0 -1.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 6.8 4 56 5.8 -1.4
IJK iShares S&P Mid-Cap 400 Growth ETF 6.7 24 36 4.9 -2.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 6.7 40 20 7.3 +0.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 6.7 15 45 5.0 -2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 6.6 4 56 5.7 -1.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 6.6 15 45 5.0 -2.2
VBK Vanguard Small-Cap Growth Index Fund 6.5 7 53 2.4 -4.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.5 15 45 6.9 -0.3
SCZ iShares MSCI Eafe Small-Cap ETF 6.5 40 20 7.4 +0.2
JKJ iShares Morningstar Small-Cap ETF 6.4 25 35 6.8 -0.4
VXF Vanguard Extended Market Index Fund 6.4 7 53 3.8 -3.4
SDG iShares Sustainable MSCI Global Impact ETF 6.4 49 11 5.9 -1.3
MILN Global X Millennials Thematic ETF 6.3 50 10 2.5 -4.7
SCID Global X Scientific Beta Europe ETF 6.3 39 21 6.5 -0.6
IEUS iShares MSCI Europe Small-Cap ETF 6.2 40 20 8.1 +0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 6.2 48 12 6.6 -0.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.1 30 30 6.0 -1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 6.0 35 25 8.9 +1.7
VO Vanguard Mid-Cap Index Fund 6.0 4 56 5.5 -1.7
RNDV US Equity Dividend Select ETF 6.0 50 10 7.7 +0.5
BOSS Global X Founder-Run Companies ETF 5.9 45 15 3.7 -3.5
SCHC Schwab International Small-Cap Equity ETF 5.9 11 49 6.9 -0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 5.7 30 30 7.5 +0.3
DTD WisdomTree U.S.Total Dividend Fund 5.7 28 32 6.7 -0.5

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 FTSE EPRA/NAREIT Developed Markets Real Estate
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 9.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.50
 
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.