First Trust Indxx Global Agriculture ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.2%


  • 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) $33,703
Large cap (>$10bn) 70.7%
Mid cap ($2-10bn) 26.5%
Small cap (<$2bn) 2.8%
Developed mkts 90.5%
Emerging mkts 9.5%

TOP TEN HOLDINGS
BAYER AG 10.7 %
DEERE & CO 10.7 %
BASF SE 9.0 %
DOW CHEMICAL 7.9 %
CORTEVA INC 5.1 %
NUTRIEN LTD. 4.3 %
DOW, INC. 4.2 %
WILMAR INTERNATIONAL LTD 4.1 %
KUBOTA CORP 3.8 %
FMC CORP 3.0 %
Total 62.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 41.8 %
GERMANY 23.0 %
JAPAN 8.0 %
CANADA 4.3 %
INDIA 4.3 %
SINGAPORE 4.1 %
BRITAIN 2.8 %
MALAYSIA 2.7 %
NORWAY 2.5 %
AUSTRALIA 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.8% -5.4% -13.6% -- -17.0%

Market Correlations
versus... Beta R-squared
S&P500 1.07 66%
MSCI EAFE 1.28 79%
MSCI Emg. Mkts. 0.89 66%

Technical Indicators
Recent close $21.58
30d moving avg. $22.77
Annualized volatility 15.9%
Short interest (ETF) 0.8%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $2,031

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 7.8%


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 44.3 39 31 6.3 -1.5
MOO VanEck Vectors Agribusiness ETF 44.2 54 16 5.8 -2.0
DIET Defiance Next Gen Food & Agriculture ETF 27.3 30 40 4.9 -2.9
SOIL Global X Fertilizers/Potash ETF 24.5 69 1 5.2 -2.7
IYM iShares U.S. Basic Materials ETF 19.7 42 28 7.8 +0.0
HAP VanEck Vectors Natural Resources ETF 19.6 50 20 6.3 -1.5
XLB Materials Select Sector SPDR Fund 17.4 13 57 8.3 +0.5
GUNR Flexshares Morningstar Global Upstream Natural Resources 16.8 46 24 6.4 -1.4
RTM Invesco S&P 500 Equal Weight Materials ETF 16.8 40 30 7.8 0.0
NANR SPDR S&P North American Natural Resources ETF 15.2 35 35 4.6 -3.2
VAW Vanguard Materials Index Fund 15.1 10 60 8.1 +0.3
FMAT Fidelity MSCI Materials Index ETF 14.7 8 62 8.1 +0.3
MXI iShares Global Materials ETF 12.3 46 24 6.8 -1.0
DXGE WisdomTree Germany Hedged Equity Fund 12.2 48 22 9.1 +1.3
DAX Global X DAX Germany ETF 11.9 20 50 8.3 +0.5
QDEU SPDR MSCI Germany Quality Mix ETF 11.9 14 56 8.1 +0.3
EWG iShares MSCI Germany ETF 11.1 49 21 7.6 -0.2
JHMA John Hancock Multifactor Materials ETF 11.0 40 30 7.6 -0.2
FLGR Franklin FTSE Germany ETF 10.9 9 61 7.9 +0.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 10.7 45 25 7.5 -0.3

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%.

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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

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:

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 9.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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