First Trust S&P REIT Index Fund
ALTAR
Score™
6.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.7x P/Sales
ratio
6.5x
P/BV
ratio
1.9x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust S&P REIT Index Fund seeks investment results that correspond generally to the S&P REIT Composite Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $99
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 153
Wgt avg mkt cap (mns) $20,005
Large cap (>$10bn) 59.8%
Mid cap ($2-10bn) 32.0%
Small cap (<$2bn) 8.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROLOGIS INC 8.6 %
EQUINIX INC 7.9 %
DIGITAL REALTY TRUST INC 4.8 %
PUBLIC STORAGE 3.9 %
AVALONBAY COMMUNITIES INC 2.8 %
EQUITY RESIDENTIAL 2.7 %
WELLTOWER, INC. 2.6 %
REALTY INCOME CORP 2.4 %
ALEXANDRIA REAL ESTATE EQUIT 2.4 %
SIMON PROPERTY GROUP INC 2.3 %
Total 40.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
-21.1% -15.2% 1.7% 7.4% 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.79 51%
MSCI EAFE 0.81 45%
MSCI Emg. Mkts. 0.58 36%

Technical Indicators
Recent close $21.84
30d moving avg. $19.89
Annualized volatility 18.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 31
Turnover 0.7%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $8,309

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust S&P REIT Index Fund ETF based on the alternatives' overlap in portfolio holdings with FRI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FRI Expense: 50 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FRI
Ticker Fund
Name
Overlap1
vs FRI
(%)
Expense
ratio
(bp)
Savings
vs FRI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FRI
(%)
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 98.0 11 39 7.3 +0.4
USRT iShares Core U.S. REIT ETF 97.7 8 42 7.3 +0.4
PSR Invesco Active U.S. Real Estate Fund 72.8 35 15 6.1 -0.7
FREL Fidelity MSCI Real Estate Index ETF 72.5 8 42 6.5 -0.3
SCHH Schwab U.S. REIT ETF 70.1 7 43 7.4 +0.6
RWR SPDR Dow Jones REIT ETF 70.1 25 25 7.3 +0.4
IYR iShares U.S. Real Estate ETF 68.7 42 8 6.4 -0.4
REET iShares Global REIT ETF 66.0 14 36 7.3 +0.4
PPTY PPTY-U.S. Diversified Real Estate ETF 65.7 53 -3 6.3 -0.6
VNQ Vanguard REIT Index Fund 64.3 12 38 6.5 -0.4
ICF iShares Cohen & Steers REIT ETF 61.3 34 16 5.9 -0.9
XLRE The Real Estate Select Sector SPDR Fund 59.7 13 37 5.5 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 57.1 50 0 7.0 +0.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 53.9 60 -10 7.1 +0.3
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 47.4 40 10 6.9 +0.0
GQRE FlexShares Global Quality Real Estate Index Fund 45.3 45 5 7.5 +0.6
REZ iShares Residential Real Estate Capped ETF 37.3 48 2 6.1 -0.8
RORE Hartford Multifactor REIT ETF 31.8 45 5 14.6 +7.7
NURE Nuveen Short-Term REIT ETF 29.1 35 15 7.4 +0.5
GRI ALPS REIT Dividend Dogs ETF 27.4 35 15 14.5 +7.6
HOMZ Hoya Capital Housing ETF 23.2 45 5 6.8 -0.1
JKG iShares Morningstar Mid-Cap ETF 16.4 25 25 5.9 -1.0
IYF iShares U.S. Financials ETF 15.7 42 8 6.7 -0.2
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 15.6 60 -10 4.1 -2.7
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 15.5 60 -10 2.5 -4.3
DON WisdomTree U.S. MidCap Dividend Fund 13.9 38 12 7.4 +0.5
VRAI Virtus Real Asset Income ETF 13.7 55 -5 10.6 +3.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.8 35 15 5.7 -1.1
SPYD SPDR S&P 500 High Dividend ETF 12.6 7 43 9.9 +3.1
NUMV Nuveen ESG Mid-Cap Value ETF 12.6 40 10 8.3 +1.4
LGLV SPDR Russell 1000 Low Volatility ETF 12.2 12 38 5.5 -1.3
LVHD Legg Mason Low Volatility High Dividend ETF 12.1 27 23 8.4 +1.5
IWS iShares Russell Mid-Cap Value ETF 12.0 24 26 6.9 +0.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 12.0 39 11 6.1 -0.8
RTL Pacer Benchmark Retail Real Estate SCTR ETF 11.7 60 -10 12.8 +6.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 11.5 30 20 9.1 +2.2
PFI Invesco DWA Financial Momentum ETF 11.3 60 -10 3.6 -3.3
NETL NETLease Corporate Real Estate ETF 11.0 60 -10 7.9 +1.1
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 10.8 60 -10 5.3 -1.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.6 20 30 6.0 -0.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 9.7 38 12 7.7 +0.8
DHS WisdomTree U.S. High Dividend Fund 9.5 38 12 8.2 +1.4
CZA Invesco Zacks Mid-Cap ETF 9.2 76 -26 5.9 -0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 9.2 7 43 5.4 -1.4
IWN iShares Russell 2000 Value ETF 9.2 24 26 6.9 +0.0
MDYV SPDR S&P 400 Mid Cap Value ETF 9.1 15 35 8.0 +1.1
IJJ iShares S&P Mid-Cap 400 Value ETF 9.1 25 25 7.9 +1.0
VTWV Vanguard Russell 2000 Value Index Fund 9.1 15 35 7.0 +0.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 8.7 15 35 8.1 +1.2
JKJ iShares Morningstar Small-Cap ETF 8.5 25 25 6.3 -0.6
JHSC John Hancock Multifactor Small Cap ETF 8.5 50 0 5.7 -1.2
SCHM Schwab U.S. Mid-Cap ETF 8.5 4 46 6.2 -0.7
MDY SPDR S&P Midcap 400 ETF Trust 8.4 23 27 6.1 -0.8
SPMD SPDR Portfolio Mid Cap ETF 8.4 5 45 6.2 -0.6
IJH iShares Core S&P Mid-Cap ETF 8.4 6 44 6.2 -0.6
VBR Vanguard Small Cap Value Index Fund 8.4 7 43 8.1 +1.2
ROOF IQ US Real Estate Small Cap ETF 8.3 70 -20 10.2 +3.4
BOSS Global X Founder-Run Companies ETF 8.1 45 5 3.8 -3.1
JDIV JPMorgan U.S. Dividend ETF 8.1 12 38 7.7 +0.9
OLD The Long-Term Care ETF 7.9 35 15 6.2 -0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.9 25 25 6.2 -0.7
QDIV Global X S&P 500 Quality Dividend ETF 7.8 20 30 8.1 +1.2
IVOO Vanguard S&P Mid-Cap 400 ETF 7.7 10 40 6.1 -0.8
VOT Vanguard Mid-Cap Growth Index Fund 7.7 7 43 3.6 -3.3
VB Vanguard Small-Cap ETF 7.6 5 45 5.4 -1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 7.6 6 44 5.0 -1.9
FSMD Fidelity Small-Mid Factor ETF 7.6 29 21 6.8 -0.1
DES WisdomTree U.S. SmallCap Dividend Fund 7.6 38 12 8.2 +1.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 7.5 65 -15 4.8 -2.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 7.5 15 35 4.8 -2.1
IJK iShares S&P Mid-Cap 400 Growth ETF 7.5 24 26 4.7 -2.2
RNMC Mid Cap US Equity Select ETF 7.3 60 -10 7.5 +0.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 7.3 40 10 6.5 -0.4
MILN Global X Millennials Thematic ETF 7.3 50 0 2.6 -4.2
XMMO Invesco S&P MidCap Momentum ETF 7.3 39 11 4.3 -2.5
NXTG First Trust Indxx NextG ETF 7.2 70 -20 6.1 -0.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 7.1 24 26 7.5 +0.6
SFYX Sofi Next 500 ETF 7.1 0 50 5.9 -1.0
IWR iShares Russell Midcap ETF 7.1 19 31 5.6 -1.3
VBK Vanguard Small-Cap Growth Index Fund 7.0 7 43 2.5 -4.3
AFMC First Trust Active Factor Mid Cap ETF 7.0 65 -15 6.0 -0.9
ONEY SPDR Russell 1000 Yield Focus ETF 6.9 20 30 8.0 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.9 17 33 4.8 -2.1
VFLQ Vanguard U.S. Liquidity Factor ETF 6.9 13 37 3.4 -3.5
LSLT Salt Low truBeta US Market ETF 6.8 0 50 7.1 +0.2
VXF Vanguard Extended Market Index Fund 6.8 7 43 3.8 -3.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 6.6 15 35 4.6 -2.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 6.6 25 25 7.2 +0.4
FDVV Fidelity Core Dividend ETF 6.3 29 21 7.1 +0.3
NUSC Nuveen ESG Small-Cap ETF 6.2 40 10 4.9 -2.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.2 15 35 6.6 -0.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 6.2 20 30 7.5 +0.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.2 30 20 5.9 -1.0
SCHA Schwab U.S. Small-Cap ETF 6.1 4 46 4.7 -2.1
VO Vanguard Mid-Cap Index Fund 6.1 4 46 5.4 -1.5
PMOM Principal Sustainable Momentum Index ETF 6.0 29 21 8.6 +1.8
CVY Invesco Zacks Multi-Asset Income ETF 6.0 97 -47 11.8 +5.0
DTD WisdomTree U.S.Total Dividend Fund 6.0 28 22 6.5 -0.4
AUSF Global X Adaptive U.S. Factor ETF 5.9 27 23 7.8 +1.0
RNDV US Equity Dividend Select ETF 5.8 50 0 7.4 +0.6

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 S&P REIT Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.53
 
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.