First Trust DJ Global Select Dividend
ALTAR
Score™
9.2% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.0x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
5.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Dow Jones Global Select Dividend Index Fund seeks investment results that correspond to the price and yield of the Dow Jones Global Select Dividend Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Nov 27, 2007
Assets (mns) $583
Currency USD
Expense ratio 58 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $28,107
Large cap (>$10bn) 52.1%
Mid cap ($2-10bn) 33.8%
Small cap (<$2bn) 14.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AZIMUT HOLDING SPA 2.0 %
STANDARD LIFE PLC 1.9 %
BE SEMICONDUCTOR INDUSTRIES 1.7 %
CSR LIMITED 1.6 %
TUI AG-DI 1.6 %
CENTURYTEL INC 1.6 %
JB HI-FI LTD 1.5 %
INTESA SANPAOLO S.P.A. 1.5 %
MEDIOLANUM SPA 1.5 %
HARVEY NORMAN HOLDINGS LTD 1.5 %
Total 16.4 %

TOP COUNTRY EXPOSURE
BRITAIN 15.6 %
AUSTRALIA 15.4 %
CANADA 11.6 %
UNITED STATES 9.5 %
FRANCE 8.7 %
ITALY 7.8 %
GERMANY 4.4 %
SWEDEN 4.0 %
SPAIN 3.3 %
SWITZERLAND 2.9 %

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.
15.9% 8.4% 3.1% 5.9% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.78 66%
MSCI EAFE 0.99 88%
MSCI Emg. Mkts. 0.69 69%

Technical Indicators
Recent close $24.25
30d moving avg. $24.19
Annualized volatility 11.6%
Short interest (ETF) 0.3%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 104
Turnover 0.4%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $8,066

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FGD Expense: 58 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FGD
Ticker Fund
Name
Overlap1
vs FGD
(%)
Expense
ratio
(bp)
Savings
vs FGD
(bp)
ALTAR
Score™
(%)
ALTAR
vs FGD
(%)
IDV iShares DJ Int'l Select Dividend 49.1 49 9 8.4 -0.8
CID Victory CEMP International High Div Volatility Wtd 26.7 45 13 8.8 -0.3
IDHD Invesco S&P Intl Developed High Div Low Volatility 24.6 30 28 6.4 -2.8
RIDV Invesco International Ultra Dividend Revenue ETF 24.0 42 16 9.1 -0.1
EFAS Global X MSCI SuperDividend EAFE 23.5 55 3 8.7 -0.4
FYLD Cambria Foreign Shareholder 23.5 59 -1 8.1 -1.0
DTH WisdomTree DEFA Equity Income 22.2 58 0 8.5 -0.6
LVHI Legg Mason International Low Volatility High Dividend 21.9 40 18 9.4 +0.2
WDIV SPDR S&P Global Dividend 21.0 40 18 7.3 -1.8
DOL WisdomTree Int'l Large Cap Dividend 19.1 48 10 7.7 -1.5
EFV iShares MSCI EAFE Value 18.8 38 20 9.0 -0.2
FID First Trust S&P International Dividend Aristocrats 18.1 60 -2 7.1 -2.1
VYMI Vanguard Int'l High Dividend Yield 16.9 32 26 9.3 +0.1
DOO WisdomTree Int'l Dividend Ex-Financials 16.3 58 0 8.0 -1.1
EUFN iShares MSCI Europe Financial Sector 16.2 48 10 8.9 -0.3
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 16.1 35 23 7.9 -1.3
FIDI Fidelity International High Dividend 16.1 39 19 10.1 +1.0
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 16.1 20 38 8.7 -0.5
DWM WisdomTree DEFA Fund 16.0 48 10 7.6 -1.5
PXF Invesco FTSE-RAFI Developed ex-US 15.8 45 13 8.1 -1.1

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

  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

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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 Global Select Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.82 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.