First Trust Chindia ETF
ALTAR
Score™
3.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
37.4x P/Sales
ratio
1.5x
P/BV
ratio
3.1x Div.
yield
1.2%


  • 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) $148
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 49
Wgt avg mkt cap (mns) $73,431
Large cap (>$10bn) 76.8%
Mid cap ($2-10bn) 15.8%
Small cap (<$2bn) 4.2%
Developed mkts 17.1%
Emerging mkts 83.0%

TOP TEN HOLDINGS
JD.COM INC-ADR 12.1 %
PINDUODUO, INC. SPONSORED ADR CLAS 7.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.6 %
INFOSYS TECHNOLOGIES-SP ADR 6.7 %
BAIDU INC - SPON ADR 6.6 %
NETEASE.COM INC-ADR 5.1 %
HDFC BANK LTD-ADR 4.9 %
ICICI BANK LTD-SPON ADR 4.5 %
WIPRO LTD-ADR 3.8 %
CTRIP.COM INTERNATIONAL-ADR 3.3 %
Total 62.4 %

TOP COUNTRY EXPOSURE
CHINA 67.6 %
INDIA 30.2 %
HONG KONG 2.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.3% 8.5% 4.6% 7.0% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 70%
MSCI EAFE 1.13 74%
MSCI Emg. Mkts. 0.95 81%

Technical Indicators
Recent close $38.34
30d moving avg. $34.90
Annualized volatility 20.6%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.3%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $8,420

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Chindia ETF 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™: 3.4%


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 ETF 60.1 70 -11 3.4 -0.0
KWEB KraneShares CSI China Internet ETF 48.2 76 -17 3.4 -0.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 39.5 18 41 6.1 +2.6
CHIQ Global X China Consumer ETF 37.0 65 -6 9.2 +5.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 36.8 86 -27 2.3 -1.1
ECON Columbia Emerging Markets Consumer ETF 29.9 59 0 4.9 +1.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.2 32 27 7.0 +3.5
BICK First Trust BICK Index Fund 26.9 64 -5 4.4 +1.0
FDNI First Trust Dow Jones International Internet ETF 26.2 65 -6 2.8 -0.6
TTTN UP Fintech China-U.S. Internet Titans ETF 24.9 59 0 5.0 +1.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 24.6 80 -21 1.7 -1.7
CHIL Global X MSCI China Large-Cap 50 ETF 23.0 29 30 9.5 +6.1
MCHI iShares MSCI China ETF 18.9 59 0 9.1 +5.6
GXC SPDR S&P China ETF 18.9 59 0 8.9 +5.5
ISEM Invesco Strategic Emerging Markets ETF 18.8 35 24 10.3 +6.9
KALL KraneShares FTSE Emerging Markets Plus ETF 18.4 49 10 9.2 +5.7
FLCH Franklin FTSE China ETF 18.1 19 40 9.2 +5.8
EBIZ Global X E-Commerce ETF 17.6 50 9 3.0 -0.4
GBUY Goldman Sachs Motif New Age Consumer ETF 17.1 50 9 2.1 -1.3
DINT Davis Select International ETF 17.0 75 -16 5.8 +2.4
CQQQ Invesco China Technology ETF 16.8 70 -11 4.3 +0.9
CHIC Global X Nasdaq China Technology ETF 16.4 65 -6 4.4 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 15.9 49 10 8.0 +4.5
PNQI Invesco NASDAQ Internet ETF 15.8 62 -3 1.2 -2.2
GIGE SoFi Gig Economy ETF 15.8 59 0 -0.6 -4.1
BKF iShares MSCI BRIC ETF 15.5 69 -10 8.5 +5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 15.5 32 27 6.8 +3.4
CN Xtrackers MSCI All China Equity ETF 15.3 50 9 9.4 +5.9
WCHN WisdomTree ICBCCS S&P China 500 Fund 14.5 55 4 9.2 +5.8
ONLN ProShares Online Retail ETF 14.3 58 1 1.6 -1.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 14.2 14 45 9.5 +6.1
EEMA iShares MSCI Emerging Markets Asia ETF 13.5 50 9 8.4 +5.0
DWLD Davis Select Worldwide ETF 13.3 64 -5 6.6 +3.2
XCEM Columbia EM Core ex-China ETF 13.3 16 43 7.8 +4.4
PEK VanEck Vectors ChinaAMC CSI 300 ETF 13.0 60 -1 8.1 +4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.7 68 -9 8.0 +4.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.6 30 29 8.8 +5.3
SOCL Global X Social Media ETF 12.5 65 -6 2.3 -1.2
PLAT WisdomTree Modern Tech Platforms Fund 12.4 45 14 1.3 -2.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.1 49 10 9.0 +5.6
SCHE Schwab Emerging Markets Equity ETF 12.1 13 46 8.7 +5.2
FLAX Franklin FTSE Asia Ex Japan ETF 12.0 19 40 8.5 +5.0
OGIG O'Shares Global Internet Giants ETF 12.0 48 11 0.5 -2.9
SPEM SPDR Portfolio Emerging Markets ETF 11.9 11 48 8.6 +5.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.7 65 -6 8.4 +5.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.3 95 -36 10.1 +6.7
EEM iShares MSCI Emerging Markets ETF 11.1 68 -9 8.3 +4.8
DVEM WisdomTree Emerging Markets Dividend Fund 11.1 32 27 9.1 +5.6
FPXI First Trust International Equity Opportunities ETF 11.1 70 -11 2.8 -0.6
VWO Vanguard FTSE Emerging Markets ETF 11.1 10 49 8.8 +5.4
AVEM Avantis Emerging Markets Equity ETF 11.0 33 26 9.5 +6.1
GENY Principal Millennials Index ETF 10.8 45 14 4.0 +0.5
XBUY Amplify International Online Retail ETF 10.8 69 -10 -1.1 -4.5
IEMG iShares Core MSCI Emerging Markets ETF 10.1 14 45 8.7 +5.3
ESGE iShares ESG MSCI EM ETF 9.8 25 34 9.7 +6.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.7 45 14 8.7 +5.3
AADR WCM/BNY Mellon Focused Growth ADR ETF 9.4 110 -51 3.5 +0.0
BUYZ Franklin Disruptive Commerce ETF 9.2 50 9 -0.1 -3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.2 20 39 7.6 +4.2
XITK SPDR FactSet Innovative Technology ETF 9.0 45 14 0.4 -3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 8.7 30 29 7.1 +3.7
LEGR First Trust Index Digital Transaction & Process Technology E 8.6 65 -6 7.1 +3.6
XNTK SPDR Morgan Stanley Technology ETF 8.6 35 24 4.0 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 8.5 55 4 8.8 +5.4
JOYY Infusive Compounding Global Equities ETF 8.5 50 9 3.9 +0.5
ARKF ARK Fintech Innovation ETF 8.3 75 -16 0.8 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 8.3 45 14 7.8 +4.4
IBUY Amplify Online Retail ETF 8.1 65 -6 -1.5 -5.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 7.9 32 27 7.9 +4.5
HERO Global X Video Games & Esports ETF 7.6 50 9 3.1 -0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.6 40 19 7.9 +4.4
BLOK Amplify Transformational Data Sharing ETF 7.1 70 -11 5.0 +1.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.1 68 -9 4.4 +0.9
PIE Invesco DWA Emerging Markets Momentum ETF 7.0 90 -31 5.7 +2.3
IPO Renaissance IPO ETF 6.9 60 -1 -6.2 -9.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.7 45 14 10.0 +6.6
GDAT Goldman Sachs Motif Data-Driven World Etf 6.3 50 9 5.2 +1.7
ESPO VanEck Vectors Video Gaming & eSports ETF 6.1 55 4 3.0 -0.5
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 5.8 25 34 2.3 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.4 59 0 11.1 +7.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.4 45 14 9.7 +6.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 5.1 57 2 5.0 +1.6
EMMF WisdomTree Emerging Markets Multifactor Fund 5.1 48 11 9.9 +6.4
ROAM Hartford Multifactor Emerging Markets ETF 5.1 44 15 14.8 +11.4
IRBO iShares Robotics & Artificial Intelligence ETF 4.9 47 12 2.6 -0.9
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 4.7 64 -5 5.3 +1.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.7 60 -1 10.4 +7.0
RTH VanEck Vectors Retail ETF 4.6 35 24 4.9 +1.5
AWAY ETFMG Travel Tech ETF 4.6 75 -16 -1.5 -4.9
DUSA Davis Select U.S. Equity ETF 4.6 63 -4 5.6 +2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.4 30 29 9.4 +6.0
PXH Invesco FTSE RAFI Emerging Markets ETF 4.2 50 9 13.7 +10.3
AIQ Global X Future Analytics Tech ETF 4.2 68 -9 4.2 +0.7
EKAR Innovation Shares NextGen Vehicles & Technology ETF 4.1 65 -6 8.5 +5.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 4.1 35 24 4.3 +0.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 4.1 60 -1 4.1 +0.6
KOMP SPDR Kensho New Economies Composite ETF 4.1 20 39 1.6 -1.8
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.0 52 7 5.4 +1.9
LOUP Innovator Loup Frontier Tech ETF 4.0 70 -11 3.1 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 4.0 16 43 7.1 +3.7

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

  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 Chindia ETF
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 11.7 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.45
 
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.