First Trust Indxx Global Agriculture
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
15.0x P/Sales
ratio
1.0x
P/BV
ratio
1.3x 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 12, 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 42
Wgt avg mkt cap (mns) $38,004
Large cap (>$10bn) 76.3%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 2.2%
Developed mkts 90.7%
Emerging mkts 9.4%

TOP TEN HOLDINGS
BASF SE 10.7 %
DEERE & CO 10.3 %
BAYER AG 10.0 %
DOW CHEMICAL 9.2 %
DOW, INC. 5.2 %
NUTRIEN LTD. 4.2 %
WILMAR INTERNATIONAL LTD 3.9 %
CORTEVA INC 3.9 %
KUBOTA CORP 3.8 %
CNH GLOBAL N.V. 3.1 %
Total 64.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 41.4 %
GERMANY 23.9 %
JAPAN 8.0 %
CANADA 4.2 %
SINGAPORE 3.9 %
INDIA 3.9 %
BRITAIN 3.1 %
MALAYSIA 2.9 %
NORWAY 2.1 %
AUSTRALIA 1.4 %

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.
6.4% 1.4% -14.0% -- -16.9%

Market Correlations
versus... Beta R-squared
S&P500 1.07 69%
MSCI EAFE 1.24 78%
MSCI Emg. Mkts. 0.85 61%

Technical Indicators
Recent close $23.07
30d moving avg. $23.30
Annualized volatility 15.5%
Short interest (ETF) 0.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $2,101

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Indxx Global Agriculture 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™: 8.6%


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
(%)
MOO VanEck Vectors Agribusiness ETF 48.9 54 16 6.4 -2.1
VEGI iShares MSCI Global Agriculture Producers 41.9 39 31 7.0 -1.6
DIET Defiance Next Gen Food & Agriculture 26.2 30 40 5.9 -2.7
SOIL Global X Fertilizers/Potash 23.4 69 1 5.5 -3.0
HAP VanEck Vectors Hard Asset Producers 22.3 50 20 5.9 -2.7
IYM iShares DJ US Basic Material 21.6 42 28 8.8 +0.2
XLB Materials Select Sector SPDR 19.3 13 57 9.4 +0.8
RTM Invesco S&P Equal Weight Materials 16.4 40 30 8.6 -0.0
FMAT Fidelity MSCI Materials 16.0 8 62 8.8 +0.2
DXGE WisdomTree Germany Hedged Equity 16.0 48 22 9.5 +1.0
VAW Vanguard Materials 15.8 10 60 8.7 +0.2
GUNR Flexshares Global Upstream Natural Resources 13.8 46 24 5.7 -2.9
NANR SPDR S&P N. American Nat. Resources 13.8 35 35 4.2 -4.4
MXI iShares S&P Global Materials 13.6 46 24 6.9 -1.7
QDEU SPDR MSCI Germany Quality Mix 12.3 14 56 8.4 -0.2
DAX Global X DAX Germany 12.3 20 50 8.8 +0.2
JHMA John Hancock Multifactor Materials 11.8 40 30 7.6 -1.0
EWG iShares MSCI Germany 11.7 47 23 7.8 -0.7
FLGR Franklin FTSE Germany 11.5 9 61 8.1 -0.5
DBGR Xtrackers MSCI Germany Hedged 11.4 45 25 7.8 -0.8

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

  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

Content on this tab for subscribers only

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 Indxx Global Agriculture
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.