First Trust ISE Chindia
ALTAR
Score™
4.2% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
29.0x P/Sales
ratio
1.7x
P/BV
ratio
2.6x Div.
yield
1.0%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 11, 2007
Assets (mns) $111
Currency USD
Expense ratio 59 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 50
Wgt avg mkt cap (mns) $60,709
Large cap (>$10bn) 72.5%
Mid cap ($2-10bn) 21.8%
Small cap (<$2bn) 3.3%
Developed mkts 18.5%
Emerging mkts 81.5%

TOP TEN HOLDINGS
JD.COM INC-ADR 7.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 7.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.7 %
BAIDU INC - SPON ADR 7.0 %
ICICI BANK LTD-SPON ADR 7.0 %
HDFC BANK LTD-ADR 6.1 %
INFOSYS TECHNOLOGIES-SP ADR 5.7 %
NETEASE.COM INC-ADR 4.2 %
DOCTOR REDDY'S LAB-ADR 3.7 %
CTRIP.COM INTERNATIONAL-ADR 3.5 %
Total 60.6 %

TOP COUNTRY EXPOSURE
CHINA 61.1 %
INDIA 34.6 %
HONG KONG 4.2 %
UNITED STATES 0.2 %







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.
18.8% 17.6% 4.2% 8.2% 5.9%

Market Correlations
versus... Beta R-squared
S&P500 1.03 47%
MSCI EAFE 1.26 59%
MSCI Emg. Mkts. 1.11 75%

Technical Indicators
Recent close $38.17
30d moving avg. $35.89
Annualized volatility 18.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.3%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.5%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $5,917

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNI Expense: 59 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNI
Ticker Fund
Name
Overlap1
vs FNI
(%)
Expense
ratio
(bp)
Savings
vs FNI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNI
(%)
PGJ Invesco Golden Dragon China 54.4 70 -11 4.4 +0.2
KWEB KraneShares CSI China Internet 48.3 76 -17 4.9 +0.7
EMQQ Emerging Markets Internet & E-Commerce 43.9 86 -27 4.3 +0.1
EEB Invesco BRIC 36.9 64 -5 7.0 +2.8
ADRE BLDRs Emerging Markets 50 ADR 35.9 30 29 6.6 +2.3
ADRA BLDRs Asia 50 ADR 30.7 30 29 9.4 +5.1
CHIQ Global X MSCI China Consumer Discretionary 29.9 65 -6 5.3 +1.1
BICK First Trust BICK Index Fund 27.6 64 -5 6.1 +1.9
CXSE WisdomTree China ex-State Owned Enterprises 26.8 32 27 7.2 +2.9
FDNI First Trust Dow Jones International Internet 26.5 65 -6 4.7 +0.4
TTTN TigerShares China-U.S. Internet Titans 26.4 59 0 3.9 -0.3
KEMQ KraneShares EM Consumer Focus 24.7 80 -21 8.8 +4.6
CQQQ Invesco China Technology 23.7 70 -11 5.4 +1.1
ECON Columbia Emerging Markets Consumer 22.9 59 0 5.2 +1.0
PNQI Invesco Nasdaq Internet 22.8 62 -3 2.8 -1.4
PLAT WisdomTree Modern Tech Platforms 21.0 45 14 2.9 -1.4
CHIL Global X MSCI China Large-Cap 50 20.6 29 30 10.6 +6.3
EBIZ Global X E-commerce 20.4 68 -9 3.2 -1.0
MCHI iShares MSCI China 18.8 59 0 9.4 +5.1
GBUY Goldman Sachs Motif New Age Consumer 17.8 50 9 3.6 -0.7

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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.49
 
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.