First Trust Cea Smartphone
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.2x P/Sales
ratio
1.4x
P/BV
ratio
2.3x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ CEA Smartphone Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the NASDAQ OMX CEA Smartphone Index. The index is designed to track the performance of companies engaged in the Smartphone segment of the telecom and technology sectors.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 17, 2011
Assets (mns) $228
Currency USD
Expense ratio 70 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $44,485
Large cap (>$10bn) 63.6%
Mid cap ($2-10bn) 33.0%
Small cap (<$2bn) 3.4%
Developed mkts 80.9%
Emerging mkts 19.1%

TOP TEN HOLDINGS
WIN SEMICONDUCTORS CORP 2.5 %
QORVO INC 2.3 %
STMICROELECTRONICS NV 2.1 %
LUMENTUM HOLDINGS, INC. 2.1 %
MICRON TECHNOLOGY INC 2.0 %
MEDIATEK INC 2.0 %
SKYWORKS SOLUTIONS INC 1.9 %
TAIWAN SEMICONDUCTOR-SP ADR 1.9 %
QUALCOMM INC 1.9 %
KEYSIGHT TECHNOLOGIES INC 1.8 %
Total 20.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 49.4 %
JAPAN 9.3 %
TAIWAN 6.9 %
SOUTH KOREA 4.2 %
SWITZERLAND 3.6 %
HONG KONG 2.9 %
INDIA 2.8 %
GERMANY 2.6 %
SWEDEN 2.2 %
CHINA 2.0 %

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.
22.6% 17.1% 8.0% -- 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.98 73%
MSCI EAFE 1.00 64%
MSCI Emg. Mkts. 0.74 58%

Technical Indicators
Recent close $53.05
30d moving avg. $52.44
Annualized volatility 13.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.6%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $13,960

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FONE Expense: 70 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FONE
Ticker Fund
Name
Overlap1
vs FONE
(%)
Expense
ratio
(bp)
Savings
vs FONE
(bp)
ALTAR
Score™
(%)
ALTAR
vs FONE
(%)
FIVG Defiance Next Gen Connectivity ETF 27.7 30 40 6.3 -0.1
GDAT Goldman Sachs Motif Data-Driven World 22.2 50 20 5.7 -0.7
RYT Invesco S&P Equal Weight Technology 20.8 40 30 6.5 +0.2
LEGR First Trust Indxx Innovative Transaction & Process 18.2 65 5 6.9 +0.5
SOXX iShares PHLX SOX Semiconductor 18.2 46 24 6.0 -0.3
QTUM Defiance Quantum 17.8 40 30 6.4 +0.1
JHMT John Hancock Multifactor Technology 17.2 40 30 6.0 -0.4
SMH VanEck Vectors Semiconductors 16.9 35 35 6.3 -0.1
XSD SPDR S&P Semiconductors 16.2 35 35 5.0 -1.4
XT iShares Exponential Technologies 16.1 47 23 5.3 -1.1
FTXL First Trust Nasdaq Semiconductor 15.8 60 10 6.4 +0.0
BLCN Reality Shares NASDAQ NextGen Economy 15.4 68 2 5.7 -0.7
QTEC First Trust NASDAQ 100 Tech 15.1 57 13 6.1 -0.3
SNSR Global X Internet of Things Thematic 15.0 68 2 5.5 -0.9
DRIV Global X Autonomous & Electric Vehicles 14.9 68 2 7.7 +1.4
FXL First Trust Technology Alphadex 14.7 63 7 5.6 -0.8
TCLD Tortoise Cloud Infrastructure Fund 14.5 40 30 5.0 -1.4
XTL SPDR S&P Telecom 14.3 35 35 5.3 -1.1
TDIV First Trust NASDAQ Technology Dividend 13.6 50 20 6.6 +0.3
XNTK SPDR NYSE Technology 13.5 35 35 5.5 -0.9

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 Cea Smartphone
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 15.2 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.55
 
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.