First Trust Chindia ETF
ALTAR
Score™
2.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
42.0x P/Sales
ratio
1.9x
P/BV
ratio
3.4x Div.
yield
1.1%


  • 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 08, 2007
Assets (mns) $182
Currency USD
Expense ratio 60 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) $95,589
Large cap (>$10bn) 74.6%
Mid cap ($2-10bn) 17.9%
Small cap (<$2bn) 3.0%
Developed mkts 10.9%
Emerging mkts 89.1%

TOP TEN HOLDINGS
INFOSYS TECHNOLOGIES-SP ADR 8.6 %
JD.COM INC-ADR 7.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.6 %
HDFC BANK LTD-ADR 7.2 %
ICICI BANK LTD-SPON ADR 6.7 %
NETEASE.COM INC-ADR 5.9 %
TATA MOTORS LTD-SPON ADR 4.5 %
TAL EDUCATION GROUP UNSPONSORED AD 4.1 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.9 %
DOCTOR REDDY'S LAB-ADR 3.7 %
Total 59.9 %

TOP COUNTRY EXPOSURE
CHINA 56.7 %
INDIA 40.0 %
HONG KONG 2.8 %
UNITED STATES 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.3% 39.0% 14.6% 7.9% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.04 69%
MSCI EAFE 1.18 73%
MSCI Emg. Mkts. 0.99 81%

Technical Indicators
Recent close $50.42
30d moving avg. $48.41
Annualized volatility 22.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $10,172

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 60 bp ALTAR Score™: 2.4%


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 48.9 70 -10 3.3 +0.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 44.2 18 42 4.8 +2.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 43.7 32 28 11.3 +8.8
KWEB KraneShares CSI China Internet ETF 41.1 76 -16 2.0 -0.4
CHIQ Global X China Consumer ETF 34.7 65 -5 6.6 +4.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 32.0 86 -26 2.1 -0.3
BICK First Trust BICK Index Fund 31.0 64 -4 4.7 +2.2
ECON Columbia Emerging Markets Consumer ETF 26.9 59 1 4.9 +2.5
CHIL Global X MSCI China Large-Cap 50 ETF 25.9 29 31 7.4 +5.0
FDNI First Trust Dow Jones International Internet ETF 22.8 65 -5 2.0 -0.4
TTTN UP Fintech China-U.S. Internet Titans ETF 22.2 59 1 4.2 +1.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 21.3 60 0 4.4 +1.9
GXC SPDR S&P China ETF 20.7 59 1 7.6 +5.2
MCHI iShares MSCI China ETF 20.5 59 1 7.6 +5.2
EEMO Invesco S&P Emerging Markets Momentum ETF 20.4 29 31 4.0 +1.5
KALL KraneShares FTSE Emerging Markets Plus ETF 20.1 49 11 7.8 +5.4
EBIZ Global X E-Commerce ETF 20.0 50 10 2.4 -0.0
FLCH Franklin FTSE China ETF 19.7 19 41 8.1 +5.7
ISEM Invesco Strategic Emerging Markets ETF 18.8 35 25 10.8 +8.3
BKF iShares MSCI BRIC ETF 18.1 69 -9 7.3 +4.9
GBUY Goldman Sachs Motif New Age Consumer ETF 18.0 50 10 1.7 -0.7
GMF SPDR S&P Emerging Asia Pacific ETF 16.8 49 11 7.0 +4.6
DINT Davis Select International ETF 16.6 68 -8 5.7 +3.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 16.4 32 28 5.6 +3.2
CN Xtrackers MSCI All China Equity ETF 16.4 50 10 7.9 +5.5
PNQI Invesco NASDAQ Internet ETF 16.1 60 0 0.9 -1.5
GIGE SoFi Gig Economy ETF 15.8 59 1 -0.8 -3.2
PEK VanEck Vectors ChinaAMC CSI 300 ETF 15.0 60 0 3.8 +1.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 14.7 15 45 8.3 +5.9
SPEM SPDR Portfolio Emerging Markets ETF 14.6 11 49 7.7 +5.2
CHIC Global X Nasdaq China Technology ETF 14.5 66 -6 4.1 +1.7
EEMA iShares MSCI Emerging Markets Asia ETF 14.5 50 10 7.6 +5.2
DWLD Davis Select Worldwide ETF 14.1 63 -3 6.3 +3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.0 68 -8 7.0 +4.5
AVEM Avantis Emerging Markets Equity ETF 14.0 33 27 8.7 +6.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 13.8 65 -5 7.4 +5.0
XCEM Columbia EM Core ex-China ETF 13.8 16 44 7.1 +4.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.5 30 30 7.6 +5.1
SCHE Schwab Emerging Markets Equity ETF 13.3 11 49 7.8 +5.4
FLAX Franklin FTSE Asia Ex Japan ETF 13.1 19 41 7.6 +5.2
EEM iShares MSCI Emerging Markets ETF 13.1 68 -8 7.3 +4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.0 36 24 7.2 +4.8
DVEM WisdomTree Emerging Markets Dividend Fund 13.0 32 28 7.2 +4.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.6 45 15 7.5 +5.0
IEMG iShares Core MSCI Emerging Markets ETF 12.5 13 47 7.8 +5.4
VWO Vanguard FTSE Emerging Markets ETF 12.4 10 50 7.9 +5.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 12.3 95 -35 8.0 +5.6
ESGE iShares ESG MSCI EM ETF 12.0 25 35 8.5 +6.0
OGIG O'Shares Global Internet Giants ETF 12.0 48 12 0.5 -1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 11.9 49 11 7.9 +5.5
EMMF WisdomTree Emerging Markets Multifactor Fund 11.5 48 12 9.5 +7.1
XBUY Amplify International Online Retail ETF 10.9 69 -9 -0.5 -3.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 10.9 40 20 7.2 +4.8
JHEM John Hancock Multifactor Emerging Markets ETF 10.8 49 11 8.7 +6.3
SOCL Global X Social Media ETF 10.6 65 -5 1.6 -0.8
CCON Direxion Connected Consumer ETF 10.5 45 15 1.1 -1.3
AADR AdvisorShares Dorsey Wright ADR ETF 10.1 110 -50 3.4 +0.9
GENY Principal Millennials Index ETF 9.7 45 15 3.7 +1.2
BUYZ Franklin Disruptive Commerce ETF 9.6 50 10 -0.2 -2.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 9.6 45 15 8.5 +6.0
LEGR First Trust Index Digital Transaction & Process Technology E 9.6 65 -5 9.8 +7.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.5 20 40 6.7 +4.2
XNTK SPDR NYSE Technology ETF 9.3 35 25 3.4 +1.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 9.0 45 15 9.0 +6.6
PIE Invesco DWA Emerging Markets Momentum ETF 8.9 90 -30 4.9 +2.5
XITK SPDR FactSet Innovative Technology ETF 8.4 45 15 0.2 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 8.3 45 15 6.7 +4.3
EDUT Global X Education ETF 7.9 50 10 1.1 -1.3
HERO Global X Video Games & Esports ETF 7.9 50 10 3.0 +0.5
CQQQ Invesco China Technology ETF 7.8 70 -10 6.1 +3.6
GDAT Goldman Sachs Motif Data-Driven World Etf 7.8 50 10 4.6 +2.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.7 68 -8 5.4 +3.0
BLOK Amplify Transformational Data Sharing ETF 7.3 70 -10 4.3 +1.8
IBUY Amplify Online Retail ETF 6.7 65 -5 -1.1 -3.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.6 30 30 8.7 +6.3
ARKF ARK Fintech Innovation ETF 6.6 75 -15 0.3 -2.1
XKST SPDR Kensho Smart Mobility ETF 6.4 45 15 4.5 +2.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 6.4 25 35 2.2 -0.3
ROAM Hartford Multifactor Emerging Markets ETF 6.1 44 16 13.0 +10.6
IRBO iShares Robotics & Artificial Intelligence ETF 6.1 47 13 2.5 +0.1
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 5.9 50 10 3.4 +0.9
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 5.9 25 35 7.9 +5.5
KOMP SPDR Kensho New Economies Composite ETF 5.9 20 40 2.2 -0.2
JOYY Infusive Compounding Global Equities ETF 5.6 50 10 3.6 +1.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.5 16 44 6.9 +4.4
PXH Invesco FTSE RAFI Emerging Markets ETF 5.4 50 10 13.3 +10.8
DUSA Davis Select U.S. Equity ETF 5.4 63 -3 5.9 +3.4
ARKQ Ark Industrial Innovation ETF 5.4 75 -15 0.7 -1.7
ESPO VanEck Vectors Video Gaming & eSports ETF 5.2 55 5 2.7 +0.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 5.2 60 0 3.7 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 5.1 11 49 8.2 +5.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.1 60 0 10.6 +8.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 4.9 59 1 4.2 +1.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 4.9 35 25 4.5 +2.0
NXTG First Trust Indxx NextG ETF 4.9 70 -10 5.9 +3.4
VSGX Vanguard ESG International Stock ETF 4.9 17 43 7.0 +4.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.8 70 -10 4.0 +1.6
GVIP Goldman Sachs Hedge Industry VIP ETF 4.7 45 15 3.7 +1.2
WWJD Inspire International ESG ETF 4.7 80 -20 7.5 +5.1

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 9.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 CATEGORY
AVERAGE
1.43
 
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.