First Trust Indxx Global Agriculture ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.5x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Indxx Global Agriculture ETF tracks the price and yield performance, before fees and expenses, of the Indxx Global Agriculture Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Mar 11, 2010
Assets (mns) $3
Currency USD
Expense ratio 70 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 45
Wgt avg mkt cap (mns) $23,792
Large cap (>$10bn) 64.9%
Mid cap ($2-10bn) 31.6%
Small cap (<$2bn) 3.4%
Developed mkts 82.5%
Emerging mkts 17.5%

TOP TEN HOLDINGS
DEERE & CO 10.9 %
BASF SE 8.9 %
BAYER AG 8.9 %
CORTEVA INC 5.5 %
WILMAR INTERNATIONAL LTD 5.1 %
KUBOTA CORP 4.3 %
NUTRIEN LTD. 3.9 %
FMC CORP 3.7 %
INDUSTRIES QATAR 3.5 %
EVONIK INDUSTRIES AG 3.4 %
Total 58.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 32.7 %
GERMANY 21.6 %
JAPAN 9.2 %
INDIA 6.4 %
SINGAPORE 5.1 %
CANADA 3.9 %
QATAR 3.5 %
NORWAY 3.1 %
MALAYSIA 3.0 %
BRITAIN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.1% -10.4% -7.6% -16.0% -16.7%

Market Correlations
versus... Beta R-squared
S&P500 1.11 81%
MSCI EAFE 1.26 87%
MSCI Emg. Mkts. 0.92 77%

Technical Indicators
Recent close $20.83
30d moving avg. $20.07
Annualized volatility 21.2%
Short interest (ETF) 1.8%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $1,788

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Indxx Global Agriculture ETF ETF based on the alternatives' overlap in portfolio holdings with FTAG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FTAG Expense: 70 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTAG
Ticker Fund
Name
Overlap1
vs FTAG
(%)
Expense
ratio
(bp)
Savings
vs FTAG
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTAG
(%)
VEGI iShares MSCI Global Agriculture Producers ETF 46.4 39 31 5.7 -0.6
MOO VanEck Vectors Agribusiness ETF 42.6 56 14 5.2 -1.1
SOIL Global X Fertilizers/Potash ETF 27.2 70 0 5.0 -1.3
HAP VanEck Vectors Natural Resources ETF 22.1 50 20 6.0 -0.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 15.0 46 24 5.4 -0.8
NANR SPDR S&P North American Natural Resources ETF 14.8 35 35 3.4 -2.9
DXGE WisdomTree Germany Hedged Equity Fund 12.5 48 22 8.9 +2.7
QDEU SPDR MSCI Germany Quality Mix ETF 10.6 14 56 7.4 +1.1
DAX Global X DAX Germany ETF 10.5 21 49 7.5 +1.2
RTM Invesco S&P 500 Equal Weight Materials ETF 10.3 40 30 5.9 -0.4
GNR SPDR S&P Global Natural Resources ETF 9.8 40 30 6.3 +0.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 9.5 45 25 6.9 +0.7
EWG iShares MSCI Germany ETF 9.5 49 21 6.8 +0.6
FLGR Franklin FTSE Germany ETF 9.3 9 61 7.2 +0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 8.8 70 0 8.9 +2.7
IYM iShares U.S. Basic Materials ETF 8.5 42 28 5.0 -1.2
HEDJ WisdomTree Europe Hedged Equity Fund 8.1 58 12 6.9 +0.6
FXZ First Trust Materials AlphaDEX Fund 7.6 65 5 7.2 +1.0
FGM First Trust Germany AlphaDEX Fund 7.2 80 -10 6.1 -0.1
XLB Materials Select Sector SPDR Fund 7.0 13 57 5.6 -0.7
MXI iShares Global Materials ETF 7.0 46 24 5.7 -0.6
FMAT Fidelity MSCI Materials Index ETF 6.1 8 62 5.7 -0.6
VAW Vanguard Materials Index Fund 6.0 10 60 5.7 -0.5
IDOG ALPS International Sector Dividend Dogs ETF 5.8 50 20 10.8 +4.5
JHMA John Hancock Multifactor Materials ETF 5.6 40 30 6.5 +0.2
CSD Invesco S&P Spin-Off ETF 5.6 62 8 6.1 -0.1
DOO WisdomTree International Dividend ex-Financials Fund 5.4 58 12 8.8 +2.5
EWS iShares MSCI Singapore ETF 5.2 50 20 8.6 +2.4
PYZ Invesco DWA Basic Materials Momentum ETF 5.0 60 10 5.3 -1.0
GRES IQ Global Resources ETF 4.5 77 -7 7.3 +1.1
FEZ SPDR EURO STOXX 50 ETF 4.3 29 41 7.1 +0.8
CZA Invesco Zacks Mid-Cap ETF 3.7 76 -6 6.0 -0.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 3.6 80 -10 7.6 +1.3
QAT iShares MSCI Qatar Capped ETF 3.5 59 11 6.9 +0.6
ASEA Global X Southeast Asia ETF 3.5 65 5 10.2 +4.0
IGRO iShares International Dividend Growth ETF 3.5 22 48 8.1 +1.8
OBOR KraneShares MSCI One Belt One Road Index ETF 3.4 79 -9 8.8 +2.6
JHMS John Hancock Multifactor Consumer Staples ETF 3.3 40 30 5.7 -0.6
ARKQ Ark Industrial Innovation ETF 3.2 75 -5 0.8 -5.4
RPV Invesco S&P 500 Pure Value ETF 3.1 35 35 10.9 +4.6
EWM iShares MSCI Malaysia ETF 3.1 49 21 5.5 -0.7
NORW Global X MSCI Norway ETF 3.1 50 20 9.5 +3.2
ENOR iShares MSCI Norway Capped ETF 3.1 53 17 9.4 +3.1
IVLU iShares Edge MSCI Intl Value Factor ETF 3.0 30 40 11.6 +5.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.0 70 0 7.2 +0.9
ABEQ Absolute Core Strategy ETF 3.0 85 -15 4.5 -1.8
DTH WisdomTree DEFA Equity Income Fund 2.9 58 12 9.8 +3.6
FDD First Trust Stoxx European Select Dividend Index Fund 2.9 58 12 11.1 +4.8
EZU iShares MSCI Eurozone ETF 2.8 49 21 6.6 +0.3
INCO Columbia India Consumer ETF 2.7 75 -5 2.9 -3.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.7 45 25 6.7 +0.4
FTXG First Trust Nasdaq Food & Beverage ETF 2.7 60 10 6.0 -0.3
EURZ Xtrackers Eurozone Equity ETF 2.7 9 61 7.0 +0.7
IQIN IQ 500 International ETF 2.7 25 45 8.8 +2.6
JHMI John Hancock Multifactor Industrials ETF 2.6 40 30 5.6 -0.6
SCIX Global X Scientific Beta Asia ex-Japan ETF 2.6 38 32 6.6 +0.4
EQWM Invesco S&P MidCap Quality ETF 2.6 25 45 6.1 -0.2
FIDU Fidelity MSCI Industrials Index ETF 2.6 8 62 5.6 -0.6
XLI Industrial Select Sector SPDR Fund 2.6 13 57 5.5 -0.8
VIS Vanguard Industrials Index Fund 2.5 10 60 5.5 -0.8
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 2.5 58 12 4.6 -1.6
EPI WisdomTree India Earnings Fund 2.5 85 -15 8.2 +1.9
MOAT VanEck Vectors Morningstar Wide Moat ETF 2.5 49 21 6.3 +0.0
SMIN iShares MSCI India Small Cap ETF 2.5 76 -6 3.1 -3.2
CROP IQ Global Agribusiness Small Cap ETF 2.4 76 -6 4.8 -1.5
ACT AdvisorShares Vice ETF 2.4 99 -29 5.3 -1.0
TOKE Cambria Cannabis ETF 2.4 42 28 -4.0 -10.2
MJ ETFMG Alternative Harvest ETF 2.4 75 -5 -5.2 -11.5
THCX The Cannabis ETF 2.4 70 0 -13.8 -20.0
NUMV Nuveen ESG Mid-Cap Value ETF 2.4 40 30 7.4 +1.2
ISDX Invesco Strategic Developed ex-US ETF 2.3 23 47 7.4 +1.1
PHO Invesco Water Resources ETF 2.3 60 10 3.4 -2.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 2.3 95 -25 7.6 +1.3
PSL Invesco DWA Consumer Staples Momentum ETF 2.3 60 10 5.7 -0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 2.2 20 50 11.1 +4.9
FEUZ First Trust Eurozone AlphaDEX ETF 2.2 80 -10 7.4 +1.1
EFV iShares MSCI EAFE Value ETF 2.2 39 31 9.7 +3.4
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 2.2 50 20 3.8 -2.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 2.1 48 22 5.5 -0.8
IDY Pacific Global International Equity Income ETF 2.1 39 31 8.1 +1.8
DON WisdomTree U.S. MidCap Dividend Fund 2.1 38 32 7.4 +1.1
MAGA Point Bridge GOP Stock Tracker ETF 2.1 72 -2 6.3 +0.0
EQRR ProShares Equities for Rising Rates ETF 2.1 35 35 6.8 +0.5
VGFO Virtus WMC Global Factor Opportunities ETF 2.1 49 21 7.9 +1.7
IYJ iShares U.S. Industrials ETF 2.0 42 28 5.6 -0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.0 70 0 2.0 -4.3
DOL WisdomTree International LargeCap Dividend Fund 2.0 48 22 8.7 +2.4
PEXL Pacer US Export Leaders ETF 2.0 60 10 5.6 -0.7
FIVA Fidelity International Value Factor ETF 2.0 39 31 10.0 +3.7
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 30 6.1 -0.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.9 39 31 11.1 +4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 25 8.9 +2.6
JKG iShares Morningstar Mid-Cap ETF 1.9 25 45 5.3 -1.0
PVAL Principal Contrarian Value Index ETF 1.9 29 41 9.8 +3.6
MVIN Natixis Seeyond International Minimum Volatility ETF 1.9 56 14 5.4 -0.9
VYMI Vanguard International High Dividend Yield ETF 1.9 32 38 10.1 +3.8
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.9 35 35 3.9 -2.4
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 1.9 56 14 5.9 -0.4
MOTI VanEck Vectors Morningstar International Moat ETF 1.8 57 13 8.6 +2.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Indxx Global Agriculture ETF
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 9.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.52
 
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.