First Trust Water ETF
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
30.5x P/Sales
ratio
2.4x
P/BV
ratio
3.3x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust ISE Water Index Fund seeks investment results that correspond to the ISE Water Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $500
Currency USD
Expense ratio 55 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $17,693
Large cap (>$10bn) 35.3%
Mid cap ($2-10bn) 48.0%
Small cap (<$2bn) 16.8%
Developed mkts 98.4%
Emerging mkts 1.6%

TOP TEN HOLDINGS
IDEXX LABORATORIES INC 5.2 %
DANAHER CORP 5.0 %
AGILENT TECHNOLOGIES INC 4.6 %
ECOLAB INC 4.4 %
ROPER INDUSTRIES INC 4.4 %
SMITH (A.O.) CORP 4.3 %
IDEX CORP 4.3 %
AMERICAN WATER WORKS CO INC 4.3 %
AQUA AMERICA INC 4.0 %
XYLEM INC 3.7 %
Total 44.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.3 %
CANADA 3.6 %
BRITAIN 3.6 %
BRAZIL 1.6 %







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.
-6.7% 2.4% 13.1% 13.2% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.00 84%
MSCI EAFE 1.02 77%
MSCI Emg. Mkts. 0.70 57%

Technical Indicators
Recent close $56.79
30d moving avg. $55.90
Annualized volatility 18.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.9%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 37
Turnover 0.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $7,671

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Water ETF ETF based on the alternatives' overlap in portfolio holdings with FIW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIW Expense: 55 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIW
Ticker Fund
Name
Overlap1
vs FIW
(%)
Expense
ratio
(bp)
Savings
vs FIW
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIW
(%)
PHO Invesco Water Resources ETF 70.0 60 -5 3.6 -0.2
CGW Invesco S&P Global Water Index ETF 43.3 59 -4 4.3 +0.5
TBLU Tortoise Water Fund 35.8 40 15 4.9 +1.1
PIO Invesco Global Water ETF 31.8 75 -20 3.9 +0.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 18.3 45 10 5.8 +2.1
KSCD KFA Small Cap Quality Dividend Index ETF 12.8 51 4 6.6 +2.8
PUI Invesco DWA Utilities Momentum ETF 11.3 60 -5 4.7 +1.0
IFRA iShares U.S. Infrastructure ETF 9.9 40 15 6.0 +2.3
SMDV ProShares Russell 2000 Dividend Growers ETF 9.7 40 15 7.7 +3.9
PZD Invesco Cleantech ETF 9.6 68 -13 4.5 +0.8
PAVE Global X U.S. Infrastructure Development ETF 9.5 47 8 5.8 +2.0
VIRS Pacer BioThreat Strategy ETF 8.4 70 -15 4.4 +0.6
RGI Invesco S&P 500 Equal Weight Industrials ETF 8.4 40 15 5.6 +1.8
IHI iShares U.S. Medical Devices ETF 7.8 43 12 3.4 -0.4
PRN Invesco DWA Industrials Momentum ETF 7.6 60 -5 4.9 +1.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 6.7 35 20 6.0 +2.3
TMDV ProShares Russell US Dividend Growers ETF 6.6 35 20 5.3 +1.5
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 6.6 75 -20 5.7 +1.9
PSCI Invesco S&P SmallCap Industrials ETF 6.3 29 26 6.6 +2.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 6.3 60 -5 3.3 -0.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 6.2 25 30 5.9 +2.1
EVX VanEck Vectors Environmental Services ETF 5.9 55 0 6.8 +3.1
PDP Invesco DWA Momentum ETF 5.6 62 -7 2.7 -1.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.5 38 17 9.2 +5.4
PKB Invesco Dynamic Building & Construction ETF 5.4 60 -5 6.6 +2.8
ETHO Etho Climate Leadership U.S. ETF 5.4 47 8 4.3 +0.5
MOO VanEck Vectors Agribusiness ETF 5.3 56 -1 5.4 +1.6
PAWZ ProShares Pet Care ETF 5.3 50 5 2.4 -1.4
IEHS iShares Evolved U.S. Healthcare Staples ETF 5.2 18 37 5.6 +1.8
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 5.1 99 -44 2.3 -1.5
PSCU Invesco S&P SmallCap Utilities ETF 5.1 29 26 3.3 -0.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 5.1 40 15 6.4 +2.7
XMMO Invesco S&P MidCap Momentum ETF 5.0 39 16 4.7 +0.9
SPLV Invesco S&P 500 Low Volatility ETF 5.0 25 30 5.6 +1.8
CWS AdvisorShares Focused Equity ETF 5.0 85 -30 5.3 +1.5
SUSA iShares MSCI USA ESG Select ETF 4.9 25 30 4.7 +1.0
XSHQ Invesco S&P SmallCap Quality ETF 4.9 29 26 6.7 +2.9
NULG Nuveen ESG Large-Cap Growth ETF 4.9 35 20 3.5 -0.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 4.8 43 12 4.3 +0.5
GRES IQ Global Resources ETF 4.8 77 -22 7.4 +3.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 4.7 70 -15 4.1 +0.3
VPU Vanguard Utilities Index Fund 4.6 10 45 5.8 +2.0
FUTY Fidelity MSCI Utilities Index ETF 4.6 8 47 5.8 +2.0
PSCT Invesco S&P SmallCap Information Technology ETF 4.6 29 26 5.7 +2.0
XLV Health Care Select Sector SPDR Fund 4.6 13 42 7.0 +3.2
FMAT Fidelity MSCI Materials Index ETF 4.5 8 47 5.9 +2.1
VAW Vanguard Materials Index Fund 4.5 10 45 5.9 +2.1
XLB Materials Select Sector SPDR Fund 4.5 13 42 5.7 +1.9
IYM iShares U.S. Basic Materials ETF 4.5 42 13 5.2 +1.4
AIRR First Trust RBA American Industrial Renaissance ETF 4.4 70 -15 7.5 +3.7
UTES Virtus Reaves Utilities ETF 4.3 49 6 4.6 +0.8
JHMU John Hancock Multifactor Utilities ETF 4.3 40 15 6.1 +2.3
JHMH John Hancock Multifactor Healthcare ETF 4.3 40 15 5.9 +2.2
FIDU Fidelity MSCI Industrials Index ETF 4.3 8 47 5.9 +2.1
VIS Vanguard Industrials Index Fund 4.2 10 45 5.8 +2.1
IYH iShares U.S. Healthcare ETF 4.2 43 12 6.0 +2.2
PYZ Invesco DWA Basic Materials Momentum ETF 4.1 60 -5 5.8 +2.0
XLI Industrial Select Sector SPDR Fund 4.0 13 42 5.8 +2.0
XSLV Invesco S&P SmallCap Low Volatility ETF 3.9 25 30 6.1 +2.3
IJT iShares S&P Small-Cap 600 Growth ETF 3.9 25 30 5.2 +1.4
SLYG SPDR S&P 600 Small Cap Growth ETF 3.9 15 40 5.3 +1.5
SDY SPDR S&P Dividend ETF 3.8 35 20 7.0 +3.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 3.8 49 6 5.1 +1.4
NUMG Nuveen ESG Mid-Cap Growth ETF 3.8 40 15 2.3 -1.5
JKE iShares Morningstar Large-Cap Growth ETF 3.8 25 30 2.8 -1.0
IDU iShares U.S. Utilities ETF 3.8 43 12 5.6 +1.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 3.8 16 39 5.3 +1.5
JHMA John Hancock Multifactor Materials ETF 3.8 40 15 6.6 +2.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.8 46 9 5.5 +1.7
FHLC Fidelity MSCI Health Care Index ETF 3.8 8 47 5.4 +1.6
TPLC Timothy Plan US Large Cap Core ETF 3.7 52 3 5.5 +1.7
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.7 70 -15 4.7 +0.9
RYU Invesco S&P 500 Equal Weight Utilities ETF 3.7 40 15 6.2 +2.4
VHT Vanguard Health Care Index Fund 3.7 10 45 5.3 +1.5
GNOM Global X Genomics & Biotechnology ETF 3.7 68 -13 -3.9 -7.7
DFND Reality Shares DIVCON Dividend Defender ETF 3.6 144 -89 3.4 -0.4
PSET Principal Price Setters Index ETF 3.5 29 26 4.6 +0.8
SNSR Global X Internet of Things Thematic ETF 3.5 68 -13 4.4 +0.6
PXSG Invesco S&P SmallCap Momentum ETF 3.5 39 16 5.0 +1.2
JKH iShares Morningstar Mid-Cap Growth ETF 3.5 30 25 2.3 -1.5
XHB SPDR S&P Homebuilders ETF 3.5 35 20 7.5 +3.8
OSCV Opus Small Cap Value Plus ETF 3.5 79 -24 5.6 +1.8
YLCO Global X YieldCo Index ETF 3.5 65 -10 4.6 +0.8
JHMI John Hancock Multifactor Industrials ETF 3.5 40 15 6.0 +2.2
RTM Invesco S&P 500 Equal Weight Materials ETF 3.4 40 15 6.1 +2.3
ECLN First Trust EIP Carbon Impact ETF 3.4 96 -41 3.7 -0.0
CZA Invesco Zacks Mid-Cap ETF 3.4 76 -21 6.2 +2.4
LGLV SPDR Russell 1000 Low Volatility ETF 3.4 12 43 5.7 +1.9
VBR Vanguard Small Cap Value Index Fund 3.3 7 48 8.5 +4.7
NULC Nuveen ESG Large-Cap ETF 3.2 20 35 4.9 +1.2
VSDA VictoryShares Dividend Accelerator ETF 3.2 35 20 4.8 +1.1
KLCD KFA Large Cap Quality Dividend Index ETF 3.1 41 14 5.3 +1.5
FLLV Franklin Liberty U.S. Low Volatility ETF 3.1 29 26 5.8 +2.0
XHE SPDR S&P Health Care Equipment ETF 3.1 35 20 1.7 -2.1
IXJ iShares Global Healthcare ETF 3.0 46 9 6.2 +2.4
XLU Utilities Select Sector SPDR Fund 3.0 13 42 5.9 +2.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 3.0 63 -8 7.0 +3.2
PEXL Pacer US Export Leaders ETF 3.0 60 -5 5.9 +2.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 3.0 48 7 5.8 +2.0

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 Water ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.52
 
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.