First Trust Dow Jones Global Select Dividend Index Fund
ALTAR
Score™
13.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.1x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
8.0%


  • 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) $358
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 98
Wgt avg mkt cap (mns) $22,168
Large cap (>$10bn) 51.4%
Mid cap ($2-10bn) 31.1%
Small cap (<$2bn) 17.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BE SEMICONDUCTOR INDUSTRIES 2.2 %
STANDARD LIFE PLC 2.0 %
AZIMUT HOLDING SPA 1.7 %
FORTESCUE METALS GROUP LTD 1.6 %
JB HI-FI LTD 1.6 %
EDP-ENERGIAS DE PORTUGAL SA 1.5 %
UNIPOLSAI ASSICURAZIONI S.P.A. 1.5 %
AT&T INC 1.5 %
SPARK NEW ZEALAND LIMITED 1.5 %
BRITISH AMERICAN TOBACCO PLC 1.5 %
Total 16.7 %

TOP COUNTRY EXPOSURE
AUSTRALIA 14.8 %
BRITAIN 14.1 %
CANADA 11.6 %
UNITED STATES 9.0 %
FRANCE 8.2 %
ITALY 7.5 %
SWEDEN 4.7 %
SWITZERLAND 3.9 %
SPAIN 3.4 %
GERMANY 3.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-34.3% -26.1% -3.8% 1.9% -0.6%

Market Correlations
versus... Beta R-squared
S&P500 1.12 75%
MSCI EAFE 1.24 90%
MSCI Emg. Mkts. 0.96 78%

Technical Indicators
Recent close $15.49
30d moving avg. $18.78
Annualized volatility 19.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 337
Turnover 1.5%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $10,150

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Dow Jones Global Select Dividend Index Fund 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™: 13.6%


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 International Select Dividend ETF 48.6 49 9 14.8 +1.3
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 27.4 45 13 14.8 +1.2
WDIV SPDR Global Dividend ETF 24.6 40 18 12.4 -1.1
FID First Trust S&P International Dividend Aristocrats ETF 24.5 60 -2 11.6 -2.0
EFAS Global X MSCI SuperDividend EAFE ETF 23.4 55 3 12.8 -0.7
LVHI Legg Mason International Low Volatility High Dividend ETF 22.4 40 18 11.9 -1.7
DTH WisdomTree DEFA Equity Income Fund 21.6 58 0 12.3 -1.2
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 21.3 30 28 8.6 -5.0
IDOG ALPS International Sector Dividend Dogs ETF 17.9 50 8 13.5 -0.0
EFV iShares MSCI EAFE Value ETF 17.7 39 19 12.4 -1.1
DOO WisdomTree International Dividend ex-Financials Fund 17.5 58 0 10.9 -2.7
DOL WisdomTree International LargeCap Dividend Fund 17.4 48 10 10.8 -2.8
EUFN iShares MSCI Europe Financials ETF 16.5 48 10 15.3 +1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.5 20 38 11.1 -2.5
FYLD Cambria Foreign Shareholder Yield ETF 16.2 59 -1 12.7 -0.9
VYMI Vanguard International High Dividend Yield ETF 16.0 32 26 12.3 -1.3
DWX SPDR S&P International Dividend ETF 15.6 45 13 9.0 -4.6
DVYA iShares Asia/Pacific Dividend ETF 15.3 49 9 11.6 -1.9
FDD First Trust Stoxx European Select Dividend Index Fund 15.1 57 1 15.6 +2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.1 35 23 10.8 -2.8
IDLV Invesco S&P International Developed Low Volatility ETF 15.0 25 33 8.0 -5.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.0 45 13 11.3 -2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.9 20 38 12.7 -0.9
DWM WisdomTree International Equity Fund 14.7 48 10 10.6 -2.9
DEW WisdomTree Global High Dividend Fund 13.8 58 0 11.4 -2.2
IDY Pacific Global International Equity Income ETF 13.5 39 19 10.8 -2.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 12.9 47 11 15.5 +1.9
FNDF Schwab Fundamental International Large Co. Index ETF 12.8 25 33 11.1 -2.4
IXG iShares Global Financials ETF 12.3 46 12 12.5 -1.1
IEV iShares Europe ETF 11.5 59 -1 8.6 -4.9
BBEU JPMorgan BetaBuilders Europe ETF 11.2 9 49 9.1 -4.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 11.2 30 28 8.5 -5.1
IQDF FlexShares International Quality Dividend Index Fund 11.2 47 11 16.0 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 11.1 45 13 8.2 -5.3
FLEE Franklin FTSE Europe ETF 11.1 9 49 8.8 -4.8
GCOW Pacer Global High Dividend ETF 11.1 60 -2 13.3 -0.3
EUMV iShares Edge MSCI Min Vol Europe ETF 11.1 25 33 6.4 -7.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.0 29 29 10.6 -2.9
FLEH Franklin FTSE Europe Hedged ETF 11.0 9 49 8.7 -4.9
VGK Vanguard FTSE Europe ETF 10.7 8 50 9.3 -4.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.6 14 44 8.6 -4.9
IEUR iShares Core MSCI Europe ETF 10.6 9 49 9.2 -4.4
FIDI Fidelity International High Dividend ETF 10.5 39 19 16.1 +2.5
OEUR O'shares FTSE Europe Quality Dividend ETF 10.1 48 10 7.6 -6.0
GVAL Cambria Global Value ETF 10.0 69 -11 13.8 +0.2
IQSI IQ Candriam ESG International Equity ETF 10.0 15 43 9.1 -4.5
ESGD iShares MSCI EAFE ESG Optimized ETF 10.0 20 38 9.0 -4.5
EFA iShares MSCI EAFE ETF 10.0 32 26 9.0 -4.6
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 10.0 45 13 9.3 -4.3
CIL Victory CEMP International Volatility Weighted Index ETF 9.9 45 13 9.2 -4.4
FEU SPDR Portfolio Europe ETF 9.8 9 49 9.1 -4.4
EURZ Xtrackers Eurozone Equity ETF 9.8 9 49 9.2 -4.4
EZU iShares MSCI Eurozone ETF 9.7 49 9 8.9 -4.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.7 25 33 8.3 -5.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.7 35 23 8.7 -4.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 9.6 29 29 14.6 +1.1
SCHF Schwab International Equity ETF 9.5 6 52 9.3 -4.3
PDEV Principal International Multi-Factor Core Index ETF 9.5 25 33 8.5 -5.0
JHMD John Hancock Multifactor Developed International ETF 9.5 45 13 9.3 -4.3
HFXI IQ 50 Percent Hedged FTSE International ETF 9.3 20 38 9.3 -4.3
IVLU iShares Edge MSCI Intl Value Factor ETF 9.3 30 28 14.1 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 9.2 7 51 9.5 -4.1
DMDV AAM S&P Developed Markets High Dividend Value ETF 9.1 39 19 13.9 +0.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.1 20 38 6.7 -6.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 9.1 30 28 7.5 -6.1
IDEV iShares Core MSCI International Developed Markets ETF 9.1 5 53 9.3 -4.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.0 45 13 8.7 -4.9
SDOG ALPS Sector Dividend Dogs ETF 8.9 40 18 13.9 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.9 39 19 11.7 -1.8
FLAU Franklin FTSE Australia ETF 8.9 9 49 8.5 -5.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.9 19 39 8.4 -5.1
EPP iShares MSCI Pacific ex-Japan ETF 8.8 48 10 8.2 -5.4
IEFA iShares Core MSCI EAFE ETF 8.7 7 51 9.2 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 8.7 20 38 9.0 -4.5
IQIN IQ 500 International ETF 8.7 25 33 11.1 -2.4
SPYD SPDR S&P 500 High Dividend ETF 8.7 7 51 14.3 +0.8
VEA Vanguard FTSE Developed Markets ETF 8.6 5 53 9.5 -4.1
EWA iShares MSCI Australia ETF 8.6 50 8 8.0 -5.6
JPEU JPMorgan Diversified Return Europe Equity ETF 8.5 37 21 8.6 -4.9
LEGR First Trust Index Digital Transaction & Process Technology E 8.5 65 -7 9.3 -4.3
FEZ SPDR EURO STOXX 50 ETF 8.5 29 29 9.3 -4.3
SPDW SPDR Portfolio Developed World ex-US ETF 8.5 4 54 9.1 -4.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.4 16 42 8.7 -4.8
RBIN Nationwide Risk-Based International Equity ETF 8.4 42 16 8.4 -5.2
SCID Global X Scientific Beta Europe ETF 8.3 38 20 8.8 -4.8
RNDM Developed International Equity Select ETF 8.3 65 -7 8.1 -5.4
TPIF Timothy Plan International ETF 8.3 62 -4 8.8 -4.7
QEFA SPDR MSCI EAFE Quality Mix ETF 8.2 30 28 8.2 -5.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 8.1 38 20 7.9 -5.7
FIVA Fidelity International Value Factor ETF 8.1 39 19 13.1 -0.5
CWI SPDR MSCI ACWI ex-US ETF 7.9 30 28 9.3 -4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 7.8 39 19 8.3 -5.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.8 25 33 8.6 -5.0
DVY iShares Select Dividend ETF 7.8 39 19 10.9 -2.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 7.8 48 10 0.0 -13.6
RFDI First Trust Riverfront Dynamic Developed International ETF 7.7 83 -25 7.9 -5.6
MOTI VanEck Vectors Morningstar International Moat ETF 7.7 57 1 10.6 -3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.7 47 11 7.8 -5.7
DIM WisdomTree International MidCap Dividend Fund 7.6 58 0 10.2 -3.3

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 Global Select Dividend Index Fund
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 11.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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