First Trust S&P International Dividend Aristocrats
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.9x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust S&P International Dividend Aristocrats ETF tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Aug 23, 2013
Assets (mns) $18
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 77
Wgt avg mkt cap (mns) $19,989
Large cap (>$10bn) 51.1%
Mid cap ($2-10bn) 42.3%
Small cap (<$2bn) 6.6%
Developed mkts 95.1%
Emerging mkts 4.9%

TOP TEN HOLDINGS
HENNES & MAURITZ AB-B SHS 2.5 %
IG GROUP HOLDINGS PLC 2.1 %
KLEPIERRE 2.0 %
WPP PLC 1.9 %
IGM FINANCIAL INC 1.8 %
SKANSKA AB-B SHS 1.8 %
JS GROUP CORP 1.8 %
EDP-ENERGIAS DE PORTUGAL SA 1.8 %
POWER FINANCIAL CORP 1.7 %
BOUYGUES SA 1.6 %
Total 18.9 %

TOP COUNTRY EXPOSURE
CANADA 25.4 %
BRITAIN 18.6 %
FRANCE 9.9 %
JAPAN 9.1 %
SWITZERLAND 5.9 %
SWEDEN 5.4 %
GERMANY 5.2 %
HONG KONG 3.1 %
AUSTRALIA 2.8 %
SPAIN 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.6% 15.2% -- -- 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.66 75%
MSCI EAFE 0.85 87%
MSCI Emg. Mkts. 0.72 87%

Technical Indicators
Recent close $17.76
30d moving avg. $17.52
Annualized volatility 13.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 12
Turnover 1.2%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $3,672

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust S&P International Dividend Aristocrats ETF based on the alternatives' overlap in portfolio holdings with FID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

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


ALTERNATIVE ETFs BASED ON OVERLAP WITH FID
Ticker Fund
Name
Overlap1
vs FID
(%)
Expense
ratio
(bp)
Savings
vs FID
(bp)
ALTAR
Score™
(%)
ALTAR
vs FID
(%)
WDIV SPDR S&P Global Dividend 76.8 40 20 7.5 +0.2
DWX SPDR S&P International Dividend ETF 21.6 45 15 7.0 -0.2
CID Victory CEMP International High Div Volatility Wtd 20.5 45 15 9.0 +1.7
DOO WisdomTree Int'l Dividend Ex-Financials 18.2 58 2 8.1 +0.8
FGD First Trust DJ Global Select Dividend 18.1 58 2 9.3 +2.1
LVHI Legg Mason International Low Volatility High Dividend 17.9 40 20 9.1 +1.8
IDV iShares DJ Int'l Select Dividend 17.8 49 11 8.5 +1.3
HDAW Xtrackers MSCI All World ex US High Div Yield 17.7 20 40 9.9 +2.7
IDLV Invesco S&P Int'l Developed Low Volatility 17.3 25 35 6.4 -0.9
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 16.3 20 40 8.6 +1.4
IDOG ALPS International Sector Dividend Dogs 16.2 50 10 7.4 +0.2
RIDV Invesco International Ultra Dividend Revenue ETF 15.4 42 18 9.1 +1.8
FDD First Trust STOXX European Select Dividend 15.3 57 3 7.6 +0.4
IDHD Invesco S&P Intl Developed High Div Low Volatility 14.7 30 30 6.5 -0.8
FIDI Fidelity International High Dividend 13.6 39 21 10.1 +2.9
DTH WisdomTree DEFA Equity Income 13.1 58 2 8.6 +1.4
QCAN SPDR MSCI Canada Quality Mix 12.8 14 46 7.3 +0.1
QLVD FlexShares Developed Mkts ex-US Quality Low Volatility 12.1 32 28 6.7 -0.6
DMDV AAM S&P Developed Markets High Dividend Value 11.7 39 21 10.3 +3.1
FLCA Franklin FTSE Canada 11.7 9 51 7.7 +0.4

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

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 S&P International Dividend Aristocrats
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.5 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
1.80 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.